The price drop of some cryptocurrencies in the table can actually be understood as a temporary setback after strong price increases earlier. This is not necessarily a negative sign but a necessary adjustment phase, helping the value of coins find a more stable level and establish a new support threshold. Upon closer analysis, we can recognize that some coins have surpassed important resistance levels – prices that are usually difficult to decrease sharply in the short term.
Illustrative example from the table:
TRX (TRON):
Although the price has decreased by 21.17% to $0.3333, this is still a much higher level compared to previous periods when TRX was often blocked at the $0.30 threshold. TRX maintaining the price above $0.33 indicates that this coin has surpassed the old resistance level and is adjusting to a new support area. This helps the price of TRX become more stable in the long term.
VET (VeChain):
Currently trading at $0.06766 with a decrease of 10.28%. However, in the past, VeChain has struggled to break through the $0.06 threshold. The current price maintaining above this level proves that the coin has established a strong support level, and this adjustment may create an opportunity for further development.
HBAR (Hedera Hashgraph):
Down 11.79% to $0.28891, but this is a higher price compared to the previous period when HBAR faced resistance at $0.25. Maintaining the price above $0.28 indicates that HBAR has passed the resistance threshold and is establishing a new support level.
Conclusion:
Although the market is experiencing a price decrease, this is a natural and necessary adjustment process to strengthen the foundation for future growth. Coins like TRX, VET, and HBAR are typical examples of overcoming resistance levels and creating price stability, indicating great potential in the future.