The meme coins HAMSTER ($HMSTR/USDT), CAT ($CATI/USDT), and DOG ($NEIRO/USDT) are experiencing significant downward trends, making the current market conditions highly volatile. For example, $HAMSTER is down over -15% with the RSI at 28, indicating that itâs in an oversold zone. However, the price has yet to show any clear reversal patterns. Similarly, $CATI is also experiencing an 8% drop, with an RSI around 36, nearing oversold territory, but with no strong upward momentum on the hourly chart. $NEIRO (DOG) shows an 11% drop but appears to be consolidating with an RSI of 41, suggesting a slight relief could come soon.
All three assets are below their respective EMAs, showing bearish control. In such conditions, traders should be cautious with long positions and watch for confirmed reversals before considering any entry. A tight stop-loss is advisable to protect against further downside risks, and it may be better to wait for market stabilization before committing to any significant trades.
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