Technical Analysis: $ADA , $SHIB , $LINK , #SUI🔥 , #HBAR , #AVAX , and #FLOKI Face Strong Selling Pressure 📉
The cryptocurrency market is under heavy selling pressure, with coins like ADA, SHIB, LINK, and AVAX experiencing significant declines. ADA (Cardano) is trading at $0.9906, down by 7.76%, as bearish sentiment takes hold. SHIB (Shiba Inu) fell to $0.00002446, losing 8.87%, as meme coin traders exit their positions amid broader market uncertainty. LINK (Chainlink) saw a notable drop of 8.47%, settling around $25.60, as selling pressure increased. SUI showed more resilience with a smaller decline of 4.80%, now trading at $4.41.
HBAR declined by 1.84%, reaching $0.28525, indicating a steady, though minor, loss. AVAX (Avalanche) experienced a sharp drop of 9.86%, now priced at $44.24, as market volatility dampens confidence in layer-1 projects. FLOKI suffered the largest decline, plummeting 12.55% to $0.00019522, as speculative sentiment wanes. Traders should remain cautious as the market shows signs of instability. Key support levels must hold to avoid further downside, while short-term rebounds could present trading opportunities for those monitoring volume and price action. Stay alert and use disciplined strategies to navigate the current turbulence.
