Technical Analysis Report
Top Losers: $ACT , $AIXBT , $FTT , #STG , #DEGO , #COW
In the last 24 hours, the cryptocurrency market experienced a notable bearish trend, with several coins recording significant losses. ACT (Achain) led the downward momentum with a staggering 18.19% drop in its value, reflecting increased selling pressure and bearish sentiment in the market. Similarly, AIXBT faced a steep decline of 17.77%, followed closely by FTT (FTX Token), which dropped by 17.21%. This continuous decline in FTT may reflect ongoing uncertainty surrounding its underlying fundamentals or external market conditions.
Additionally, STG (Stargate) witnessed a significant 17.13% loss, emphasizing its volatility amidst weak market confidence. DEGO and COW closed the list of top losers with respective losses of 16.53% and 16.47%. These substantial corrections in prices may signal opportunities for risk-tolerant traders looking to capitalize on potential reversals. However, caution is advised as these coins remain in a highly volatile zone. Investors are encouraged to watch key support levels and volume patterns to gauge any potential recovery.
