🔻 Top Losers: CTXC, VELODROME, SLF, ME, COW, AVA – High Volatility Alert!
The crypto market has experienced significant sell-offs, with CTXC leading the downturn, plunging 26.59% to $0.4051 amid heavy selling pressure driven by profit-taking or bearish sentiment. VELODROME and SLF followed suit, dropping 16.99% and 16.70%, respectively, as both hover near critical support zones.
ME, now trading at $3.261 (-13.57%), remains volatile, with its ongoing downtrend potentially drawing in bargain hunters near psychological support levels. Meanwhile, COW and AVA have declined 13.55% and 13.35%, nearing short-term lows. These retracements may present opportunities for sharp technical rebounds if buyers step in to defend key levels.
Traders should proceed cautiously, as strong downward momentum persists. Should the sell-off continue, further declines may test crucial supports. For quick trades, keep a close eye on VELODROME and COW, as they often show sharp reversals after steep drops.
Set tight stop-losses and wait for clear confirmation before entering any positions. Volatility brings opportunities, but precision is key—trade smart!
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