The cryptocurrency market is experiencing a significant downturn, with notable declines in both Bitcoin and Ethereum. Bitcoin's price has fallen below $60,000, and Ethereum has dropped under $3,200, both declining by over 10%. This market crash has heavily impacted memecoins, with many seeing substantial losses. CoinGecko's 'Top Losers' list includes memecoins like $BODEN, $BILLY, $MOTHER, and $MICHI. PEPE Coin, despite a recent $82 million transfer on Bybit, is showing signs of rebounding, with 70% of its holders still in profit. PEPE has found strong support at the 200-day exponential moving average, with its RSI at one of the lowest in history and the stoch-RSI about to cross over. However, popular memecoins such as Bonk and Brett have also taken significant hits.