Bitcoin’s move toward the CME gap may continue weighing on memecoins until broader support zones are retested.
PEPE and FLOKI are closest to re-entry levels, while BONK and FARTCOIN still show unresolved downside risk.
Oversold technical conditions could drive a short-term bounce, but caution is advised amid broader market uncertainty.
The memecoin segment continues facing downside pressure, as broader crypto markets brace for a potential correction driven by Bitcoin’s recent movement toward the CME gap near $61,000. Analysts suggest this technical level could serve as a short-term magnet for BTC, influencing liquidity flows and placing further downside risk on speculative assets, including meme-based tokens. This comes amid declining open interest and a cooling of funding rates, indicating less aggressive positioning by traders in highly volatile coins.
As Bitcoin’s trajectory leans toward this unfilled futures gap, sentiment around meme-based assets remains cautious. The tokens most exposed include Pepe (PEPE), Bonk (BONK), Fartcoin (FARTCOIN), and Floki (FLOKI)—each of which has experienced rapid prior gains but now faces mounting sell pressure. Despite this, these tokens are also being flagged as potential candidates for strategic re-entry once volatility settles, with short-term support levels and RSI conditions nearing oversold thresholds.
Pepe(PEPE): Oversold but Structurally Intact
Pepe’s price action remains erratic, having dropped more than 24% in the past week. The memecoin—known for its exceptional surge earlier this year—now trades near key support. Technical analysis shows PEPE approaching a critical RSI level that previously signaled bullish reversals. Despite the current correction, its overall structure remains intact, offering a potential entry point if Bitcoin stabilizes near the CME gap.
Bonk(BONK): Low Liquidity Increases Downside Risk
Bonk has shown remarkable momentum in prior weeks but now enters a high-risk zone amid falling volume and liquidity outflows. This dynamic has contributed to its 30% retracement from recent highs. Market analysts view BONK as vulnerable in the short term, although its unique price structure may present an innovative rebound opportunity once broader market confidence returns.
Fartcoin(FARTCOIN): Volatility Remains Its Defining Trait
Fartcoin continues to demonstrate exceptional price swings, with the token posting both sharp gains and losses over short timeframes. Its high-yield behavior appeals to speculative traders, but this volatility makes it difficult to sustain prolonged upward trends. Current indicators point to further consolidation unless strong support levels hold during Bitcoin’s next move.
FLOKI(FLOKI): Strategic Re-Entry Near Support Zones
Floki has maintained a relatively superior performance compared to other meme tokens, but recent weeks have not spared it from correction. With a roughly 22% pullback, FLOKI now approaches its previously established support zone. Traders are eyeing this area for potential re-entry as RSI readings enter neutral territory and on-chain activity stabilizes.
