cats in a dogs world: A Bonk & Floki Inu Repeat?

1 thg 11, 2024

I mentioned recently that the memecoin section of the market can suffer strongly in the upcoming bearish impulse but this is only because of how much these Altcoins grew.

This is based on the charts we looked at for Bonk and Floki Inu, which you can find below for your convenience:

✴️ Floki Inu Major Drop Now Imminent: Prepare For The Crash!

✴️ Bonk Catastrophe... Level 1 (50%), Level 2 (85%) & Level 3 (95%)

Also Pepe is bearish and Shiba Inu as well.

Looking at MEWUSDT (cats in a dogs wold), what you see on the chart is a rising wedge that broke bearish, literally, it has been decided already.

The price peak happened 25-October but the volume peak happened 7-June, so we have a bearish divergence between the growing price and decreasing volume.

Previous drops lasted between 1-2 months and we can expect something similar this time around. The main support levels are marked orange on the chart.

Thank you for reading.

Namaste.