Bearish Momentum: Will SHIB, BONK, and PEPE Recover?
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 ...