Meme Coin Massacre: Buying Opportunity or a Warning to Exit?
Meme coins are experiencing significant declines, with Pepe dropping 12% to $0.000010, SPX6900 down 11.55% to $1.40, and Fartcoin falling 8.99% to $1.13. The broader cryptocurrency market faces selling pressure due to escalating geopolitical tensions and traditional market strains. Bitcoin's dominance has risen to 63.83%, indicating a shift from riskier assets to Bitcoin. Technical indicators for Pepe show bearish trends, with critical support at $0.0000104. SPX6900 is consolidating within a symmetrical triangle, with critical support at $1.30. Fartcoin is struggling within a descending channel, with resistance at $1.28. Overall, the meme coin sector may face further declines, but potential accumulation opportunities exist for risk-tolerant investors. Key support levels for recovery include $0.0000118 for Pepe, $1.30 for SPX6900, and $1.28 for Fartcoin.
