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- Peonga lost 75% of his value in the month and Trump is also facing a similar wealth
- The memecoin sector sector has decreased by 15% in the last few weeks on the back of a poor social feeling and liquidity
The memeco’s sector is currently facing a severe fall, and Pengu and Trump are approaching the new lowest lowest lowest (ATL). After high flying tokens, both have brought significant value in the last few weeks, reflecting a wider drop of memecoin property.
In fact, the fall coincided with faded retail enthusiasm and cooling in speculative trading throughout the sector.
The pen falls below the key support level
In February, Peng continued his January, descending from a local maximum of $ 0.04 at a time price of a $ 0.01 printing price – a whopping 75% dropped in just under a month.
While Token tried a short -term jump to $ 0.025, he failed to keep any momentum, which led to a series of lower lowest.
Source: Coingecko
The candlestick tickets underwent a lasting pressure from sales, with only a short period of relief. If the pen is spoiled below its psychological support of $ 0.01, it could open the door for the further side.
Trump in constant fall – close to critical levels
Trump mirrored the fall of Pengua, fell from the top of January from 80 to only $ 18 – which represents 77.5% of the loss of value. Unlike Pengua, Trump’s downfall was more gradually, but no less serious.
Source: Coingecko
His price of the price hinted at the absence of a strong support, with Token traded in a tight consolidation between $ 18 and $ 20. If the bears are swollen persists, Trump could soon test his previous ATL again, making it one of the worst memecoin in the last few weeks.
The memecoin sector as a whole suffers
Pongua and Trump fights are not isolated cases, since the whole memecoin sector is currently experiencing a decline.
For example – data from Coinmarketcap They found that the overall market cap of memecoin has been declining lately, reflecting a wider drop in speculative interest. The most prominent trends include withdrawing throughout the market, and the figures for the same fall from over 80 billion to $ 67.87 billion-which is 15% drop in the last few weeks.
Source: Coinmarketcap
The dominance of the meme sector is also affected, with the categories of meme inspired dogs and Elon Musk, which once led the market, seeing significant reduction of capital inflows.
Retail exhaustion is obviously as social feelings and an activity on the chain have suggested that it fall into memecoins, contributing to lower liquidity and prolonged fall.
Source: Coingecko
What follows for Pengu, Trump and the market?
Although the short -term prospects remain bears, Memecoins have historically seen explosive feedback after prolonged withdrawal. In order for Peng and Trump to regain their momentum, key catalysts, such as renewed Hype on social media, will be needed, whale accumulation, or a wider market recovery.
For now, traders should pay attention to potential reversal signals, including a jump in the amount of trading, increased whale transactions, or signs of stabilization in the wider memecoin sector. Until then, the path of the smallest resistance remains in the south, with the new lowest level look more likely.
