Meme coins surged for impressive gains year-to-date, dominating most of the cryptocurrency market’s top performances in 2024. However, the results cooled down in the past week while cryptocurrencies faced a major correction, threatening further losses.
Over $230 billion was wiped in a day from March 18 to March 19. The overall sentiment drastically changed from ultra-bullish to slightly bearish, which can put an end to the meme coin’s hype.
In this context, Finbold selected two cryptocurrencies to avoid trading next week, among the previously most traded speculative tokens.
Pepe (PEPE)
Pepe (PEPE) has seen over 500% gains in the last 30 days, from $0.000000115 on February 22.
Now, PEPE loses momentum, back to a 55 Relative Strength Index (RSI), similar to one month ago. A bearish divergence appears to be surging in the daily chart, as the price remains high despite the strength loss.
Currently, PEPE has a market cap above $3 billion and no solid use cases besides price
We współpracy z: https://finbold.com/2-cryptocurrencies-to-avoid-trading-next-week/
