๐จ Market Pressure: $ORCA , $ACX , #EIGEN , #FXS , $CVX , and $ZRO Face Declines.
The cryptocurrency market is facing bearish sentiment, with notable 24-hour lossโ ๏ธ
Hereโs a concise breakdown of todayโs top losing cryptocurrencies and their market behavior:
1. ORCA/USDT
Price: $6.32 (-14.69%)
Key Insight: Heavy sell-off; next support near $6.00.
2. ACX/USDT
Price: $0.9767 (-13.10%)
Key Insight: Lost psychological $1 level; bearish trend continues.
3. EIGEN/USDT
Price: $4.50 (-10.80%)
Key Insight: Weak momentum; $4.40 is crucial for support.
4. FXS/USDT
Price: $4.59 (-7.34%)
Key Insight: Mild decline; watch for support at $4.50.
5. CVX/USDT
Price: $6.80 (-7.02%)
Key Insight: Consolidating near $6.75; potential further downside.
6. ZRO/USDT
Price: $6.70 (-6.99%)
Key Insight: Testing $6.65 support; breakdown likely if pressure persists.
๐ Action Point:
Watch for further breakdowns below key support levels to enter potential short positions.
Apply strict stop-losses above resistance to manage risk effectively.