Why is crypto down? The meme coin market has tumbled just a little recently, however is the underside but for meme cash? Discover out right here.
The favored meme coin on Solana, DogWifHat, WIF, is down 60% since its highs in March. Wanting on the chart, we will see that the $1.6 stage has beforehand been robust help for the coin. With the RSI(Relative Energy Index) round 30, it might point out the underside is shut.
If RSI reaches under 30 in bull markets, it will be thought of oversold, and you could possibly begin searching for a bounce.
(WIFUSDT)
However What About Solana Meme Coin Tremendous Star BONK?
One other common meme on Solana known as Bonk, which gained huge momentum out of nowhere on the finish of 2023 and rose astonishingly 165x in solely 130 days, can also be displaying indicators {that a} backside might be nearer than we predict.
We’ve got a trendline with 3-4 touches fashioned. You normally contemplate at minimal 2 touches, however ideally 3 or extra, earlier than a trendline turns into related. Identical to WIF, the RSI is near 30, and it might contemplate one final push down to the touch the trendline earlier than bouncing.
(BONKUSDT)
How Are Issues Wanting Over on Coinbase’s Base Chain?
Brett on Base chain has been one of many strongest cash recently as properly and is the largest meme coin on Base.
It’s down 30% from its all-time excessive and sits simply above an space that lately acted as a help($0.126). We are able to gauge that so long as the price RSI is robust sufficient to stay above 50 and the price stays above $0.126, it’s doubtless we might see a brand new all-time excessive quickly.
Shedding this stage would in the end ship it down in the direction of $0.08411.
(BRETTUSDT)
Darkish-Horse of Q2: WeinerAI – The Presale You Don’t Need To Miss
Pushing each the meme and AI narratives, Weiner AI seeks to determine itself within the Crypto world with a mix of enjoyable, innovation, and utility. Regardless of the humorous look of this canine, the know-how that powers it’s no joke in any respect.
AI Enhanced Trading: a easy and intuitive interface for a noob-friendly buying and selling expertise.
The objective of the bot, which has zero charges, is to make sure a seamless buying and selling expertise by serving to the person to seek out high-potential tasks early, offering information, and giving the person the flexibility to swap immediately by decentralized exchanges whereas defending in opposition to MEV bots!
The presale has already raised virtually $6 million and is getting ready to maneuver to the subsequent part, elevating the present price of $0.000179 per $WAI.
Traders even have the chance to stake their cash, making their investments much more worthwhile.
Extra Wieners day-after-day – Our WienerAI household is rising quick! 🐾
Extra holders = Extra pleasure for our launch!
Prepared to hitch the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
When you’re a fan of memes and the more and more distinguished AI know-how that’s flooding the crypto world, Weiner AI may be the appropriate mission for you.
Purchase WIENERAI Right here
EXPLORE: Greatest Bitcoin & Crypto Sports activities Betting Websites & Sportsbooks
Disclaimer: Crypto is a high-risk asset class. This text is supplied for informational functions and doesn’t represent funding recommendation. You may lose all your capital.