Technical Analysis: $CREAM , $VITE , $MBL , #ARDR , #IQ , #MTL – LOSERS IN FOCUS
The cryptocurrency market has taken a dip for several coins, with CREAM leading the losers at a significant 10.18% decline, trading at $11.56. Following closely, VITE is down by 9.46%, priced at $0.01158, and MBL has dropped 8.93% to $0.003693. These coins have faced strong bearish pressure, indicating potential profit-taking or waning interest from buyers. ARDR, currently trading at $0.10553 (-8.84%), and IQ, priced at $0.007990 (-7.29%), also remain under pressure. Lastly, MTL, at $1.267 (-5.80%), reflects slightly less damage but still struggles to find upward momentum.
The consistent selling pressure across these assets signals a correction phase in the market. While these sharp drops may concern short-term investors, they also present opportunities for patient traders to monitor key support levels for potential rebounds. With CREAM and VITE at the top of the losers' list, market participants should watch for signs of stabilization or increased volume for potential recovery plays. Stay alert and manage risks carefully as volatility persists in the crypto space.
