Meow Bro took a look around the trending charts: PENGU is down 23.7% in 7 days, and another 8.7% in the past 24 hours. Almost all of the week's gains have vanished 🐧📉
📊 What the data says
• On the 7-day chart, a sharp plunge occurred on the evening of 11-14, dropping from around 0.0058 straight to around 0.0047
• Since then, there have only been weak bounces, peaking around 0.0050, with no high-volume recovery
• The market-wide Fear & Greed Index is still at 10 (Extreme Fear). BTC is down 1.3% over 24h, SOL is down 3.1%, and Meme coins have fallen even further
🔍 Meow Bro's take
In extreme fear, Meme coins are the first sector to have liquidity pulled. In the short term, watch whether 0.0047 can hold; there is no obvious support below. The 0.0050–0.0055 range is resistance for a bounce. Until the price gets back above it, don't buy the dip or chase a rebound.
Do you think this Meme sell-off is a shakeout or a weakening trend? Let's talk in the comments 👇
$PENGU $BTC $SOL
#Meme #链上数据 #Altcoins
Personal opinion only; not investment advice
📊 What the data says
• On the 7-day chart, a sharp plunge occurred on the evening of 11-14, dropping from around 0.0058 straight to around 0.0047
• Since then, there have only been weak bounces, peaking around 0.0050, with no high-volume recovery
• The market-wide Fear & Greed Index is still at 10 (Extreme Fear). BTC is down 1.3% over 24h, SOL is down 3.1%, and Meme coins have fallen even further
🔍 Meow Bro's take
In extreme fear, Meme coins are the first sector to have liquidity pulled. In the short term, watch whether 0.0047 can hold; there is no obvious support below. The 0.0050–0.0055 range is resistance for a bounce. Until the price gets back above it, don't buy the dip or chase a rebound.
Do you think this Meme sell-off is a shakeout or a weakening trend? Let's talk in the comments 👇
$PENGU $BTC $SOL
#Meme #链上数据 #Altcoins
Personal opinion only; not investment advice
