Technical Analysis: Top Losers $CTXC , $COS , $ACT , #GTC , #MDT , and #AVA
The cryptocurrency market has seen significant corrections in the last 24 hours, with Cortex (CTXC) leading the decline, dropping by a staggering 36.96% to $0.5817. This steep fall indicates heavy selling pressure, likely triggered by profit-taking or market volatility. COS (Contentos) followed, falling 14.87% to $0.0121, and ACT (Achain) saw a similar fate, slipping 14.09% to $0.5303. These sharp losses reflect weak market sentiment, and traders should look for stabilization at support levels before considering re-entry. A close eye on volume trends will determine if a reversal is in sight or if further declines are imminent.
Additionally, Gitcoin (GTC) recorded a drop of 13.45%, trading at $0.978, while Measurable Data Token (MDT) fell by 7.96% to $0.0718, and AVA (Travala) experienced a 7.53% decline, settling at $2.1052. Despite these pullbacks, such dips can present buying opportunities if prices consolidate and establish strong support zones. For now, traders should monitor these coins closely for any signs of recovery, particularly in CTXC and GTC, as their movements remain highly volatile. Proper risk management and observing key support levels will be critical for navigating these sharp declines.
