Most popular meme coins PEPE and BOME drop double-digits
If Pepe closes below daily support at $0.0000060, it might fall lower.
The market became negative when Book of Meme closed below the rising trendline.
After a double-digit drop on Monday, Pepe (PEPE), Book of Meme (BOME), and Trump (MAGA) are challenging key support levels. The technical view suggests corrections for all three.
PEP price will plummet after closing below daily support.
Pepe's price fell 6% on Sunday after closing below the rising trendline (made by connecting consecutive swing lows from mid-April) on Saturday. After testing the daily support level at $0.0000060 earlier in the day, it fell 19% to $0.0000065 on Monday.
PEPE might fall 20% to retest its next daily support at $0.0000048 if it closes below $0.0000060.
If Pepe closes over $0.000013, the market structure will alter with a greater daily high. Pepe's price might rise 15% to retest its June 1 high of $0.000015.
BOME pricing nearing fall after closing below $0.0063
Saturday's closing below the rising trendline (formed by connecting successive swing lows from July 5) left BOOK OF MEME down 5.7% on Sunday. It fell 17.4% to $0.0060 on Monday, below the July 5 low of $0.0063.
BOME might fall 33% to retest the 141.4% Fibonacci extension at $0.0042 if it closes below $0.0063.
If BOME closes above $0.0108, it will make a higher daily high, changing the market structure. BOOK OF MEME price might surge 20% to retest weekly barrier at $0.0130.
TRUMP price falls after closing below $2.68.
TRUMP fell 8.6% over the following two days after closing below weekly support at $4.57 on Friday. It fell 23% to $3.18 on Monday after testing daily support at $2.68.
TRUMP may drop 30% and retest its weekly support at $1.87 if it closes below $2.68.
If TRUMP closes over $6.57, it will make a higher daily high, changing the market structure. TRUMP price might surge 58% to retest its June 27 high of $10.40.
