#oax
toady market analysis
I predict you my faimly coin will dump
The market sentiment appears grim for several hot altcoins, with significant double-digit losses evident across the board. IRIS/USDT leads the downward trend with a sharp decline of 40.02%, trading at $0.01013. This dramatic drop signals heavy selling pressure and highlights the fragility of its support zones. Without a quick recovery above critical levels, IRIS could face further downside, making it a key coin to monitor for potential reversals.
REN/USDT and OAX/USDT are not far behind, plunging by 39.92% and 38.93%, respectively. REN, trading at $0.03538, reflects a similar bearish sentiment, possibly heading toward key demand zones if the selling spree continues. OAX, priced at $0.1048, has experienced aggressive sell-offs, with its market unable to absorb the pressure. Both coins need immediate relief from buyers to avoid deeper corrections. Meanwhile, KEY/USDT, down 31.44% at $0.002591, also exhibits a sharp decline, further emphasizing the broad-based weakness in the market.
In BTC pairs, REN/BTC and OAX/BTC have seen heavy losses of 36.67% and 36.21%, respectively, indicating reduced confidence in these assets relative to Bitcoin. With BTC itself showing resilience in volatile conditions, these altcoins may continue to suffer unless a significant catalyst shifts momentum. Investors should remain cautious and focus on technical support levels while preparing for potential rebounds as oversold conditions could trigger short-term recoveries.
