🚨 Market Pressure: $FTM, $USUAL, #AUCTION, #BANANA, $ENA, and $QKC Face Declines
The cryptocurrency market is facing bearish sentiment, with notable 24-hour losses across several assets:
$FTM: Dropped -5.85%, now trading at $1.0343. Strong support lies at $1.00; failure to hold this could lead to further losses.
$USUAL: Down -5.02%, trading at $0.2934, with critical support at $0.2850.
#AUCTION: Fell -4.47% to $16.02, testing trendline support at $15.50.
#BANANA: Declined -4.39%, trading at $67.77, nearing support at $65.00.
$ENA: Dropped -4.18%, now at $0.7152, trending toward support at $0.7000.
$QKC: Lost -4.11%, trading at $0.0098, with strong support at $0.0095, a critical level to watch for potential rebounds.
Traders’ Key Points
1. Support Levels: Most of these assets are hovering near key supports, where buyer interest might emerge.
2. Market Momentum: The bearish trend reflects weak momentum and strong selling pressure.
3. Opportunities: Increased volume near supports could signal short-term bounce opportunities.
Outlook and Strategy
Monitor $QKC for recovery if the price holds at $0.0095.
For $FTM and #AUCTION, trendline support at $1.00 and $15.50, respectively, are key.
Use risk management strategies to navigate high volatility.
Stay alert for volume surges and decisive moves at these levels!