Meme coins are experiencing significant losses as Bitcoin drops below a key holding level of $107k after days of consolidation.
Market signals indicate bearishness for large-cap altcoins and low caps, with meme coins like Doge dipping below $0.16 and others also facing losses.
Major meme coins such as Doge, Shiba, and Pepe are trading far from their recent all-time highs and are expected to suffer further losses as the market cycle nears its top.
While some meme tokens are reacting negatively to the recent drop, a few others like Broccoli, Pengu, and Osak are defying market trends with gains, with some tokens on Dex experiencing significant profit growth.