TECHNICAL ANALYSIS OF TOP LOSERS
1. $QUICK
Price: 0.04784
24h Change: -6.42%
Analysis:
QUICK has seen a significant pullback in the last 24 hours, dropping by over 6%. The price is nearing its psychological support zone at 0.045. If the price falls below this level, further bearish momentum could take over, pushing it towards a lower support region. Look for confirmation in trading volume; a spike could indicate a stronger bearish trend. However, if QUICK rebounds, we could see it challenging the 0.05 level as a resistance
2. $TURBO
Price: 0.005059
24h Change: -4.58%
Analysis:
TURBO has been experiencing a downward correction with a 4.58% loss. The price is hovering around key support levels near 0.005. If it breaks this level, expect more selling pressure, with the next potential support at 0.0048. A reversal from this point would need strong buying volume to sustain any upward momentum, with the immediate resistance around 0.0053. Pay attention to shorter time frame charts for any bullish divergence signaling a possible recovery
3. $IMX
Price: 1.355
24h Change: -4.44%
Analysis:
IMX has seen a decline of 4.44%, bringing its price close to the 1.30 support level. If this level fails to hold, the next significant support could be around 1.25. On the upside, the nearest resistance lies at 1.40. A strong bounce off the current levels could indicate bullish momentum, while a further drop below support would point towards sustained selling pressure
In summary, all three are facing critical support levels, and traders should closely watch for volume trends and any breakouts or breakdowns from these key price zones
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