📉 Market Spotlight: Key Coins Facing Correction - STEEM, HIVE, QKC, and LISTA
The crypto market saw notable corrections today, with STEEM/BTC plunging by -10.63% to 0.00000227 BTC ($0.2232). This steep decline may signal bearish sentiment after failing to hold key support levels. A retest of support at 0.00000220 BTC is likely, while resistance at 0.00000240 BTC needs to be reclaimed to revive bullish momentum. Traders should closely monitor RSI levels to identify potential oversold conditions.
Similarly, HIVE/BTC dropped -10.36% to 0.00000346 BTC ($0.3402), suggesting that selling pressure remains dominant. The pair broke its key support near 0.00000350 BTC, and the next major support stands at 0.00000340 BTC. If it rebounds, upside resistance at 0.00000360 BTC could test the strength of any recovery. Meanwhile, QKC/BTC and LISTA/BNB fell by -9.09% and -8.77%, respectively. QKC/BTC touched 0.00000010 BTC, with weak volume indicating limited buying interest. LISTA/BNB, now at 0.0006613 BNB ($0.4657), needs to defend its support zone to avoid deeper corrections.
While the short-term outlook remains bearish, these corrections might provide attractive entry points for traders targeting long-term accumulation. Keep an eye on volume and candlestick patterns for reversal signals, and use stop-loss levels to mitigate further risks.
#CryptoTrading #TechnicalAnalysis #STEEM #HIVE #QKC #LISTA