$THE , $BICO , $REN , #CATI , #OM , and #RIF : Bearish Moves in Focus...
The cryptocurrency market is seeing significant bearish pressure, with THE leading the decline, down -10.96%, now trading at $2.6960. After failing to maintain momentum, $THE’s sharp drop signals increasing selling pressure, positioning the coin at a critical support zone. If it holds above $2.65, we may see a minor recovery; otherwise, a further slide toward $2.50 could materialize. $BICO, also facing a -4.60% loss, is struggling at $0.4005, with buyers hesitating to step in. A breach below $0.39 might trigger additional downside. Similarly, $REN, currently at $0.03923, is down -4.04%, sitting near its key support. A breakdown could send it spiraling toward the $0.035 zone.
Meanwhile, $CATI and $OM are also under bearish dominance, with declines of -4.00% and -3.82%, respectively. $CATI, at $0.5695, faces critical resistance near $0.58, with a failure to reclaim that level likely inviting further dips. $OM is trading at $3.4381, teetering at an inflection point; a hold above $3.40 might provide short-term relief. Lastly, $RIF, down -3.53% at $0.1313, risks testing the $0.13 psychological level, which could lead to more aggressive selling. Traders should exercise caution as these coins navigate volatile waters, presenting potential for both sharp rebounds and deeper corrections. Stay vigilant for any price reversals or breakdowns.
