In the last 24 hours, meme coins have considerably declined to their lowest.
The meme coin market cap stays at $43B, after recording a 3.8% decline.
The crypto market has been having its face-off with overpowering bears over the past few weeks. Notably, leading assets resist the recovery attempts, and this leaves the crypto industry in an uncertain condition. Amid all the altcoins, meme coins have experienced max downfall in prices over the last 24 hours.
According to CMC data, the top losers that displayed maximum loss over the day featured meme tokens such as BONK, BRETT, PEPE, and FLOKI.
BONK
Despite surging 13.8% over the past week, the dog-themed meme coin BONK has plummeted over 13% in the past 24 hours. At the time of writing, BONK traded at $0.00002259. The price drop triggered the meme coin to display a surge of 62.86% in daily trading volume. As per CMC, the max price peak noted in this timeframe was $0.00002763.
Bonk Price Chart (Source: TradingView)
The daily RSI stands at 46.81, which is approaching the neutral zone. Meanwhile, the nearby resistance and support are noted at $0.00002300 and $0.00002195.
BRETT
Brett, a comic-inspired coin, has declined by 9.76%. At the press time, the token trades at $0.1084. The daily trading volume has increased by 29.48%, in the past 24 hours. Over the past month and week, Brett has plummeted by 36% and 2.49%, respectively.
Brett Price Chart (Source: TradingView)
The initial resistance can be found at $0.1125, and the key support at the range of $0.1013. Meanwhile, the daily RSI stays at 40.82, nearing the oversold zone.
PEPE
PEPE, a frog-themed meme coin, has dropped by 10.35% to $0.000008373 in the last 24 hours. The highest price observed was $0.000009736, and the daily trading volume is up by 45.14%. The token has noted a spike over the last week by 0.47%.
Pepe Price Chart (Source: TradingView)
The relative strength index is observed at 36.11, indicating the selling sentiment. The resistance and support of Pepe is marked at $0.000008974 and $0.000007879.
FLOKI
Over the last 24 hours, Floki, the pet dog-themed token, was down by 7.47%. At the time of writing, the asset traded at $0.0001381. The highest price noted was $0.0001554, and the daily trading volume has spiked by 0.87%. Over the past week, the token has increased by 3.61%.
Floki Price Chart (Source: TradingView)
As per the price movement, the key resistance can be at $0.0001615, and the significant support at the range of $0.0001487. The daily RSI stays at 37.75, nearing the oversold territory.
Along with these tokens, several meme coins like MOG, WIF, RNDR, AR, and INJ have plunged down. Whereas, the top two cryptocurrencies by their market cap, Bitcoin and Ethereum, have declined by 2.70% and 2.63%, accordingly.
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