$THE , $PNUT , $ACT , #CETUS ,and #COW : Declines in New Listings Signal Bearish Momentum
The recently listed THE has seen the sharpest decline, dropping by 15.13% to a price of $2.5151, highlighting strong selling pressure as investors likely lock in profits from earlier gains. ACT, following close behind, is down 11.87%, trading at $0.5369, indicating potential bearish momentum in the short term. Meanwhile, COW has dipped by 9.78% to $0.3894, and CETUS slipped by 8.59% to $0.3405, both showing resistance to any upward price movement, suggesting that buyers are hesitant to commit. Lastly, PNUT experienced an 8.41% drop, trading at $1.1039, reflecting a lack of buying enthusiasm despite its recent listing status. These declines across new listings may hint at broader market caution or profit-taking behavior.
From a technical perspective, these coins are trading near significant retracement levels. THE and ACT are testing critical support zones, where a breakdown could lead to further downward pressure. PNUT and COW are also approaching their key Fibonacci retracement levels, which could serve as potential entry points for reversal trades if supported by increasing volume. However, a failure to maintain these levels could trigger further sell-offs. For CETUS, the market sentiment appears weak, and traders should watch for signs of consolidation before re-entry. These conditions present opportunities for short-term scalpers but demand cautious risk management as volatility remains high. Traders should monitor key support and resistance zones for breakout or breakdown scenarios to optimize their positions.
