Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well

📉 DOGE & SHIB are consolidating, while other memecoins are seeing double-digit losses.

🐻 The bearish sentiment in the crypto market has dragged BTC below $65,000, impacting memecoins like FLOKI, WIF, & BONK.

FLOKI (FLOKI) Price Analysis:

- FLOKI has plunged nearly 10% and is testing crucial support levels.

- Technical indicators suggest a potential rebound, with RSI testing the lower threshold.

- A minor bearish move may precede a rebound, targeting levels above $0.00017.

dogwifhat (WIF) Price Analysis:

- WIF is stuck in a deep bearish trend, approaching the consolidation apex.

- Technicals show a lack of strong bullish reversal signals, with OBV heading lower.

- Selling pressure suggests a continued descent towards lower support levels.

Bonk (BONK) Price Analysis:

- BONK slipped below crucial support, facing rejection at recent highs.

- Indicators hint at a possible double-top pattern, with RSI attempting a rebound.

- A decent upswing is anticipated, targeting around $0.000025.

ℹ️ Despite the current downturn, these memecoins may present buying opportunities if they rebound from current support levels. Investors should monitor technical indicators for signs of reversal.