$SPX has slipped below key support at $0.3764, losing its 100-day moving average and weakening its mid-term structure.
CMF at -0.15 confirms steady selling pressure and ongoing outflows.
If broader memecoin weakness continues, price could drift toward $0.2530 support. However, reclaiming lost levels would shift sentiment quickly and reopen the early May bullish trend.
$SHIB and $PEPE are showing gradual improvement in structure and participation. SHIB holders rose slightly, while whale dominance remains high at 95% of supply.
Both memecoins have broken key descending resistance levels, with PEPE now retesting its breakout zone near $0.00000371. If momentum holds, it could stabilize, but a drop toward $0.00000300 remains possible if selling pressure continues.