Is the Meme Coin Hype Over? WIF, PEPE, FLOKI, BONK Fall

• Indications from the EMA revealed that WIF could decline to $3.00.
• FLOKI was oversold, suggesting a rebound, while PEPE might drop to $0.0000067.
• BONK’s sellers’ fatigue could help the price climb in the $0.000030 direction.

After producing mind-blowing performances, many top meme coins have been underwhelming as prices continue to struggle. For instance, dogwifhat’s (WIF) price decreased by 13.65% in the last 24 hours.

Frog-themed Pepe (PEPE) was included as its value fell by 8.48%;  Floki (FLOKI) also tumbled, while Bonk (BONK) dropped by 7.84% within the same period. This decline was a sign that interest in the broader meme coin market was waning.

Should this continue, demand for cryptocurrencies might become extremely low, making it difficult for prices to climb. Here, Coin Edition analyzes the tokens while examining their potential price performances in the short term.

dogwifhat (WIF)

WIF initially hit $4.34 on April 8 as it attempted to retest its all-time high. But bears voided that effort, leading the price to fall to $3.51. According to the 4-hour chart, the 20 EMA (blue) was above…

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