Technical Analysis Report: Losers of the Day
$PROM , $HARD , $MOVE , #IOST , #ELF , #FIRO
Today's crypto market witnessed a downturn for several coins, with PROM leading the pack of losers, suffering a sharp decline of -8.52%, bringing its price down to $7.793. This drop signifies a high selling pressure, possibly attributed to profit-taking or weak market sentiment surrounding this asset. Similarly, HARD experienced a setback with a -3.65% decrease, now priced at $0.1374, reflecting bearish momentum as it struggles to maintain support levels. Both these assets highlight the need for traders to monitor key support and resistance zones, as further declines could signal extended bearish trends.
Other notable decliners include MOVE, dipping by -1.59% to $0.7836, and IOST, which recorded a smaller loss of -0.98%, now priced at $0.007247. These relatively minor declines might still indicate temporary market corrections rather than long-term bearish trends. ELF and FIRO, with marginal losses of -0.42% and -0.10%, closing at $0.4539 and $1.982 respectively, suggest resilience compared to their counterparts, yet still reveal vulnerability amid the overall market sentiment. The subdued performance of these coins underscores the importance of cautious trading and closely watching the market for potential recovery signals or further downturns.
