Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce

CoinMarketCap00:34

Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2493251158?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/dda2de45b67948b99c043d395a62de0b.webp","is_english":true,"pubTime":"2024-12-22 00:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493251158","market":"us","top_or_hot":-1,"title":"Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce","media":"CoinMarketCap","content":"<div>\n<p>Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion.\nShiba Inu (SHIB) price rose by 12.6% to an ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766ee1002c6da5404c16a15/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-22 00:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6766ee1002c6da5404c16a15/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion.\nShiba Inu (SHIB) price rose by 12.6% to an ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766ee1002c6da5404c16a15/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6766ee1002c6da5404c16a15/","article_id":"2493251158","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/dda2de45b67948b99c043d395a62de0b.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493251158","pubTimestamp":1734798863,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion.Shiba Inu  price rose by 12.6% to an intraday high of $0.00002397. Bonk , the biggest meme coin in the Solana ecosystem, rose by 20% to $0.000032. Pepe  and other popular meme coins like Dogwifhat and Pudgy Penguins rose by over 15%.This rebound happened after a Bitcoin  plunge from $108,200 to $97,000 triggered a big crash in most altcoins. The total market cap of all cryptocurrencies dropped from over $3.7 trillion to $3.37 trillion.The rebound is likely due to the US’s encouraging Personal Consumption Expenditure report. The headline PCE, the Federal Reserve’s favorite inflation gauge, softened from 0.2% in October to 0.1% in November. Core PCE dropped from 0.3% to 0.1%, a sign that inflation in urban and rural areas was slowing.Read more:  BONK goes live on Robinhood as meme coins continue to struggle","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"柴犬、邦克、佩佩价格反弹：谨防死猫反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1},"content_text":"Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion.\nShiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.00002397. Bonk (BONK), the biggest meme coin in the Solana ecosystem, rose by 20% to $0.000032. Pepe (PEPE) and other popular meme coins like Dogwifhat and Pudgy Penguins rose by over 15%. \nThis rebound happened after a Bitcoin (BTC) plunge from $108,200 to $97,000 triggered a big crash in most altcoins. The total market cap of all cryptocurrencies dropped from over $3.7 trillion to $3.37 trillion.\nThe rebound is likely due to the US’s encouraging Personal Consumption Expenditure report. The headline PCE, the Federal Reserve’s favorite inflation gauge, softened from 0.2% in October to 0.1% in November. Core PCE dropped from 0.3% to 0.1%, a sign that inflation in urban and rural areas was slowing.\nAmerican stocks also reacted positively to the PCE report on Friday, with the Dow Jones, S&P 500, and Nasdaq 100 indices rising by over 1.18%, 1.10%, and 0.85%, respectively.\nThese numbers came a few days after a hawkish Fed decision triggered a sell-off in risky assets like stocks and cryptocurrencies. The bank slashed rates by 0.25%, bringing the yearly cuts to one percent, and hinted that it would deliver two more cuts in 2024. The last meeting’s dot plot pointed to four cuts.\nThe Fed justified its hawkish view to the stubbornly high inflation. Recent data showed that the headline Consumer Price Index rose to 2.7%, while the core CPI remained at 3.3%. The bank also suspects that some of President-elect Donald Trump’s policies (i.e., tariffs) will be inflationary.\nYou might also like:  Meme coins crash: why are Brett, PNUT, Popcat falling? \nShiba Inu, Bonk, and Pepe rise could be a dead cat bounce\nMeme coins like Shiba Inu, Pepe, and Bonk also likely jumped as crypto investors bought the dip after they dropped for three consecutive days. \nA potential risk for the ongoing rebound is that this could be a dead cat bounce. A DCB is a situation where falling asset prices stage a brief rebound and then resume the downward trend.\nFor example, Shiba Inu dropped by 15% on Dec. 9 and by 1% on the following day. It then formed a DCB by rising by 6% on Dec. 11 and then resumed its downtrend, reaching a low of $0.00001855 on Dec. 20.\n\n\n  Shiba Inu price has formed dead cat bounces in the past | Source: crypto.news\n\n\nThe other potential risk for these coins, especially Shiba Inu, is that some of them have formed a head and shoulders chart pattern.\nAn H&S pattern is a popular bearish reversal sign made up of a head, two shoulders, and a neckline, which is at $0.00002280. That is a sign that the coin may continue the downtrend.\nRead more:  BONK goes live on Robinhood as meme coins continue to struggle","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493251158"}