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Bearish momentum grips the crypto market. Meme coins SHIB, BONK, and PEPE face downward pressure. Investors worry about market swings and unclear rules. These coins have dropped a lot lately. Many wonder if they’ll bounce back amid worries about safety and slow adoption. Also Read: Historical Data: Global Market Takes A Hit In Sept, Surges In October Analyzing SHIB, BONK, and PEPE: Can They Overcome Bearish Momentum? 1. Shiba Inu (SHIB) – Struggles With Bearish Momentum SHIB has been falling since May 2024. It now trades at $0.00001359, down 1.81%. Its RSI of 42.20 shows it’s not oversold, but sellers are in control. SHIB holders worry it won’t surpass its previous highs in the near future. New rules for meme coins don’t help, and also add to these fears. An understandable reaction I would say. 2. Bonk (BONK) – Downward Spiral BONK has also dropped. It peaked at $0.000036 in June but now trades around $0.00001696. Its current RSI of 43.13 shows less buying ...

Solana meme coins notably Dogwifhat, Bonk, and Maneki have taken the crypto universe by disseminating stellar market profits throughout the bull season. The current SOL presale mania is catching pace with amateurs and novel crypto explorers as well, who are looking forward to extracting decent gains in the current bull cycle. While Maneki, BONK , and DogWifHat have noted stable price valuations during the whole of April, the month of May is poised to bring new price thresholds for all three tokens considering the bullish market momentum that the coins have been attracting lately.  Also Read: Maneki Surges A Whopping 45%: Should Investors Pay Heed To It? Solana Trending Meme Coin Analysis BONK Price Forecast for May BONK has done exceptionally well during the past two weeks, noting stable price valuation and steadiness. The token has gained 14% in the last week, trading at $0.00002426 at press time.  Per CoinCodex, BONK may surge nearly 230% by May 29, trading...