The speculative meme coins market has faced a week of intense bearish pressure, dragging prices toward critical support levels across the entire sector. Nevertheless, technical indicators suggest that losses might be decelerating, giving way to an exhaustion phase in the available supply. According to analyst Aaryamann Shrivastava, three specific assets are showing early signs of a trend shift, positioning themselves as candidates for a tactical recovery before the monthly close.
GIGA, after experiencing a decline of nearly 31% over the last seven days, is currently trading around $0.00305. Despite the aggressive distribution observed, the Relative Strength Index (RSI) has entered oversold territory, which often precedes a short-term bullish correction. If the immediate support holds firm, the price could seek targets at $0.00337 and $0.00362, provided that buying interest recovers the volume necessary to validate the move.
A sustainable rally would require clearing the $0.00362 barrier to open the path toward $0.00417 in the coming days. On the other hand, this asset technology often reacts with extreme volatility to shifts in social sentiment, so failing to defend current levels would invalidate any bullish thesis. Furthermore, investors must monitor the market structure, as a drop below $0.00282 would confirm the continuity of the prevailing bearish cycle.
Exhaustion Dynamics in SPX6900 and BONK’s Resilience
SPX6900 is also a meme coins under the spotlight after retracing 30% from its recent highs, establishing a demand zone between 0.358 and 0.401. Although the technical structure remains fragile, the latest daily candle reflects a stabilization indicating that selling pressure might be losing strength near recent lows. The Money Flow Index (MFI) supports this view by showing extended selling conditions, suggesting the asset is ripe for a rebound toward the $0.427 level.
Unlike its peers, BONK has shown remarkable resilience with a weekly decline of just 10%, staying near $0.00000859. A significant bullish divergence has been detected where, while the price made lower lows, the MFI recorded higher lows, signaling hidden accumulation. If this pattern is confirmed, the asset could overcome the $0.00000933 resistance, aiming for a recovery rally that reaches $0.00001103 soon.
Ultimately, the success of these potential meme coin rebounds strictly depends on macroeconomic stability and retail trader confidence. Should BONK lose the $0.00000815 support, the market could face a slide toward $0.00000737, prolonging the winter for narrative-based assets. Therefore, operational caution remains the rule as the market decides whether current exhaustion will transform into a genuine push toward new local highs.
