Is the hype around Memecoins over? Popular Memecoins such as BONK, WIF, and BOME have seen significant decreases in value.

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The recent market changes have caused an increase in volatility among meme coins. Despite a downward trend, there is a possibility of a new upward trend emerging.

### Bonk (BONK)
– The current price trend for BONK appears to be an ascending triangle, with the top zone acting as a resistance level.
– The MACD is getting close to a ‘sell’ signal, which could result in a bearish crossover.
– It is anticipated that the price will drop below $0.00003, potentially reaching $0.000027.
– Based on technical indicators, there is a chance of a rebound pushing the price back up to $0.000045 with a potential breakout in early July 2024.

### dogwifhat (WIF)
– WIF initially started off strong, but ultimately experienced a false breakout above $4.8.
– The ascending trend is still intact within a parallel channel, with key support at the zone that was previously a resistance level.
– If there is bullish momentum, the price could potentially rise above $4, but bears taking control could lead to a drop below $3.

### BOOK OF MEME (BOME)
– BOME’s price is currently trading within an ascending triangle, indicating a potential upward breakout.
– It is likely that the price will consolidate along the bottom trend line and eventually reach the upper resistance level at $0.01498.
– The RSI is showing signs of bullish momentum, which could result in a surge towards the $0.0185 resistance level.