The new meme coin, Slothana, is experiencing a surge in demand during its presale, with over $7.5 million raised. This raises the question of whether it can lead a resurgence in meme coin popularity.

However, leading meme coins like Pepe and Dogwifhat have seen a decline in prices. Pepe's value has dropped by 5.3%, while Dogwifhat has decreased by 3.6%.

There are mixed opinions among traders regarding the potential recovery of Pepe and Dogwifhat. Some predict a further decrease before a possible rebound, while others anticipate a quick recovery.

Pepe's current trading price is $0.000006974, down by 5.3% for the day, 9.9% for the week, and 2.7% for the month. Despite this, it has shown a significant increase of 675% compared to its price two months ago.

Market analyst Mfiqrihanafi pointed out a potential "rising wedge pattern" in Pepe's price chart, suggesting a further decline towards $0.0000057 in the upcoming weeks.

On the other hand, Pepe advocate Plazma0x expressed confidence in the coin's long-term potential, mentioning that he is holding his position amidst the recent market downturn.

Dogwifhat is also facing challenges, currently priced at $3.94 with a 3.6% decrease. However, it has performed better than Pepe recently, showing a 28% increase for the week and a 113% rise for the month.

Despite the concerns, some traders like WebTrend Analytics believe that Dogwifhat is poised for growth, referencing recent support levels and RSI indicators.

Overall, while established meme coins like Pepe and Dogwifhat face uncertainty, emerging projects such as Slothana are gaining traction. Slothana's successful presale, raising $7.5 million, has caught the attention of investors and enthusiasts in the crypto community.

This article serves as educational content and does not provide investment advice; readers are encouraged to conduct further research before making any financial decisions.