🧠 MEMECOIN MARKET COOLDOWN? 📉

We just saw a -5.59% drop across the memecoin sector, with top names like $BONK , FARTCOIN, PENGU & $WIF leading the losses. Is this a dip to buy or the start of a deeper correction? 🤔

Here’s the TL;DR 🧵👇

🔻 Liquidity is flowing out of altcoins into Bitcoin, which is still holding above $100K. The Altcoin Index is sitting at 26 – low liquidity = weak moves.

💸 Memecoins pumped 17.6% last month, now they’re nearly flat – just a +2% gain in the past 7 days (mostly in the last 24h).

📊 Quick token breakdown:

• $BONK – Sitting on an ascending support. Could bounce again 📈… or break down to $0.00001405 📉

• FARTCOIN – Bullish fractal forming. If support holds, next HH (higher high) coming?

• PENGU – Consolidating in a triangle. Weak volume = no breakout yet

• WIF – Might rally short-term, but BBs show a possible 41% drop coming if resistance holds 🚨

👉 TL;DR: Memecoins ain’t dead, but the smart money is cautious rn. Watch key levels. Volume is king. Don't ape without a plan.

DYOR & stay sharp fam 🧠⚡️