Investors’ Anxiety Peaks as Altcoins Plummet to New Lows
Release: 2024/07/04 23:54 Reading: 205
Crypto Markets Experience Significant Dip
Altcoins such as SOL, XRP, and MATIC have witnessed notable price declines. Bitcoin has reached a two-month low of $57,043, a 4% decrease.
Market Overview
The cryptocurrency market has faced a bearish trend over the past 24 hours, with the total market capitalization dropping by 4.40%. Bitcoin, the dominant cryptocurrency, has fallen by 4%, leading to a wider decline in altcoin prices. Ethereum, the leading altcoin, has also hit a two-week low.
Ethereum (ETH)
- Declined by 4.33% within 24 hours
- Trading volume increased by 52%
- Price dropped from $3,320.84 to $3,128.61
- Facing selling pressure with daily RSI of 32
- 9-day EMA at $3351 indicates bearishness
- Resistance levels at $3520 and $3632
- Support levels at $3246 and $3065
Solana (SOL)
- Fell by 8% within 20 hours
- Reached a ten-day low of $7.19
- Trading volume increased by 17%
- Monthly decline of 20%
- Facing selling pressure with daily RSI of 32
- 9-day EMA at $141 indicates bearishness
- Resistance levels at $154 and $162
- Support levels at $122 and $116
Toncoin (TON)
- Dropped by 7.18% within 20 hours
- Ten-day low of $132.45
- Trading volume increased by 27%
- Approaching selling pressure with daily RSI of 47
- 9-day EMA at $7.638 confirms bearishness
- Resistance levels at $8.09 and $8.28
- Support levels at $6.7 if bearish sentiment intensifies
Memecoins Experience Sharp Dip
Dogecoin, PEPE, SHIB, and FLOKI have also faced significant declines during this bearish period. Dogecoin reached a five-month low of $0.1103, a 7% drop. PEPE reached a seven-day low of $0.000009329, a decline of 9%. SHIB fell to a four-month low of $0.00001522, an 8% drop. Floki reached a nine-week low of $0.0001509, a decrease of 8%.
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