Losers of the Day: $GAS , $PIVX , $RUNE , #BANANA , #STRAX , and #BIO ..
The cryptocurrency market has taken a hit today, with notable drops in some of the top-performing coins. GAS has led the decline, shedding 11.27% to trade at $5.509. Similarly, PIVX followed suit, losing 8.55% and stabilizing at $0.2931. RUNE, a token with a strong past performance, has seen a 7.63% drop, now priced at $3.485. Among the other notable losers, BANANA and STRAX dropped by 7.61% and 7.17%, respectively, while BIO declined 7.01% to $0.5111. These declines come amid lower market confidence and high selling pressure across these tokens.
Despite the setbacks, these coins could present potential bounce-back opportunities for savvy traders. GAS and RUNE, in particular, have been known to exhibit strong recoveries after sharp declines. Monitoring support levels for GAS near $5.20 and RUNE around $3.40 could provide profitable re-entry points. Traders should keep an eye on PIVX, as a sustained move below $0.2900 could signal further downside, while a break above resistance levels for BANANA and STRAX might pave the way for a rebound. Proper risk management is key as these coins navigate this volatile phase.
