DOGE, SHIB, WIF and more from crash to multi-month low prices

TL; DR

The cryptocurrency sector crashed, with Bitcoin briefly falling below $50,000. Meme Coin's total market capitalization is down 23%, with major coins like Dogecoin, Shiba Inu, and others experiencing double-digit losses.
However, some indicators suggest a possible rebound for SHIB, with the RSI falling below 20 and reversing net inflows indicating reduced selling pressure.

Memes bleed profusely

The cryptocurrency market has fallen over the past 24 hours, with Bitcoin (BTC) briefly slipping past the psychological level of $50,000 and Ethereum (ETH) falling to $3,170 (according to CoinGecko).

This is the case in the Mem coin sector It's not better. Niche's market capitalization has fallen an astounding 23% daily, currently hovering around $33 billion. Leading tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE). dogwifehat ( WIF ), and many others, fell by double digits, hitting multi-month lows.

PolitiFi tokens fared worse. Mem coins related to of Presidential candidate Donald Trump fell by 35% and 30%, respectively, as did TREMP and TRUMP. KAMA – Attached property of Democratic candidate Kamala Harris – is it. Also in the deep red.

Some of them Recording some very few memories The gains in the last 24 hours are the lesser known NEIRO and the NEIRO. on the other hand, NERO in ETH (NEIRO), which was The subject of a recent insider trading scandal, today is among the bankrupt.

SHIB Resurgence on the Horizon?

Despite the disaster, some Important Indicators are hinting that Shiba Inu prices may soon head north. The SHIB Relative Strength Index (RSI) measures the speed and volatility of price movements. He fell Below the 20 mark in the last few days.

The scale varies from 0 to 100. If it is above 70, this indicates overbought conditions, which is known to sometimes lead to a correction. On the other hand – when it is less than 30, this indicates that the property is oversold, which can cause an eclipse.

SHIB exchange netflow also suggests The end of the adjustment may be just around the corner. According to CryptoQuant, Shiba Inu flows are significant. It has passed In the last five days it has entered, sign In Care Of A shift from centralized platforms to self-maintaining systems. This It is generally considered Bullying because it immediately reduces sales pressure.