๐ป Market Alert: Technical Analysis of the Top Losers (TROY, FTT, ACT, USUAL, PHA, THE)
The crypto market sees volatility as certain coins experience significant downturns. Here's an insightful technical analysis of TROY, FTT, ACT, USUAL, PHA, and THE, detailing key levels and predictions to help you navigate the market!
1๏ธโฃ TROY
Current Price: $0.017
Change: -35%
Resistance: $0.025 ๐ผ (Breaking this level could open the door to a move towards $0.030)
Prediction: TROY is currently testing key support at $0.015. If this level holds, there is potential for a bounce back towards $0.025. However, failing to maintain support at $0.015 could push the price down to $0.010, triggering further losses.
2๏ธโฃ FTT (FTX Token)
Current Price: $1.50
Change: -25%
Resistance: $1.80 ๐ (A breakout above this level may lead to a potential rally towards $2.20)
Prediction: FTT is currently facing downward pressure. A recovery above $1.80 could bring the token back to $2.20. However, if it fails to hold support at $1.30, we could see a continued decline toward $1.00.
3๏ธโฃ ACT (The Act Token)
Current Price: $0.35
Change: -28%
Resistance: $0.40 ๐ (Reaching this level could set the stage for a possible rally)
Prediction: ACT is showing signs of weakness, but if it holds support at $0.30, we may see a reversal towards $0.40. A break below $0.30 could trigger further declines, possibly taking the price to $0.20.
4๏ธโฃ USUAL
Current Price: $0.50
Change: -15%
Resistance: $0.60 ๐ (Breaking this level could send the price soaring towards $0.75)
Prediction: USUAL is facing a minor pullback. If the price breaks the $0.60 resistance, it could see an upward trend towards $0.75. However, failing to hold $0.45 may lead to further losses.
5๏ธโฃ PHA (Phala Network)
Current Price: $0.90
Change: -18%
Prediction: PHA is currently in a corrective phase. If it holds support at $0.80, the price could potentially rise towards $1.20. A break below $0.80, however, could lead to further downside .#BtcNewHolder
