JUP and $ONDO face key resistance levels, making it crucial for them to hold near current support to avoid deeper declines.
XTZ and $MNT show bearish trends; significant resistance and support levels will be critical for potential recoveries.
SUIâs resilience near resistance suggests a potential breakout, while $OMâs support levels are vital to avoid further losses.
As the cryptocurrency market experiences significant fluctuations, investors are closely monitoring Jupiter ($JUP), Ondo ($ONDO), Tezos ($XTZ), Mantle ($MNT), Sui ($SUI), and Mantra ($OM). Each of these assets faces unique challenges and opportunities as they strive to regain the $1 mark.Â
Jupiter ($JUP) at press time is priced at $0.7933, down by 9.23% in the last 24 hours. The tokenâs market capitalization stands at $1.07 billion, with trading volume spiking by 43.70% to $82.63 million. This surge in volume suggests increased market activity, but the price remains under pressure.Â
The primary resistance level is around $0.874, which previously saw significant selling. If $JUP continues its downward trend, the next support level at $0.78 could be critical. The current downward movement and series of lower highs indicate a bearish sentiment.
[Read also: Jupiter (JUP) Price Prediction 2024-2030]
Ondo ($ONDO) also reflects a bearish trend, trading at $0.7285, down by 9.58% in the past day. With a market cap of $1.01 billion and a trading volume up by 14.70% to $120.90 million, the increased trading activity highlights ongoing market volatility.Â
The resistance at $0.8068 remains a significant barrier. If $ONDOâs price drops further, the next support around $0.70 will be crucial. The prevailing trend of lower highs and lows underscores bearish market sentiment.
[Read also: Ondo (ONDO) Price Prediction 2024-2030]
Tezos ($XTZ) is priced at $0.6603, having decreased by 3.69% over the last 24 hours. Its market cap is $656.35 million, with a trading volume increase of 18.67% to $17.49 million. The resistance level at $0.6859 has proven tough to surpass.Â
Should $XTZ fall below the support at $0.66, the next support around $0.65 will be pivotal. The observed downward trend reflects ongoing bearish pressure, compounded by increased trading volume suggesting active selling.
[Read also: Tezos (XTZ) Price Prediction 2023-2030]
Mantle ($MNT) is trading at $0.6002, experiencing a 6.97% drop in the past day. The chart shows a peak resistance at $0.6455, and a crucial support level at $0.60. If $MNT drops below this level, further declines might head towards $0.59. The recent volume surge of 59.53% indicates heightened trading activity but also emphasizes the need to watch the $0.60 support closely.
[Read also: Mantle (MNT) Price Prediction 2024-2030]
Sui ($SUI) has shown slight resilience, trading at $0.9021, a 0.49% increase in the past 24 hours. The token faces resistance around $0.94 and $0.92. If $SUI maintains its current level, it could test these resistance points.Â
However, if the price falls below the support at $0.8944, further decline to around $0.88 may occur. The increased trading volume by 15.97% hints at growing interest, potentially leading to a breakout or further testing of support levels.
[Read also: Sui (SUI) Price Prediction 2024-2030]
Mantra ($OM) is at $0.9561, reflecting a significant 11.54% drop. The key resistance level is $1.0807, with a psychological barrier at $1.00. If $OM holds the $0.95 support, it may stabilize or attempt recovery.Â
[Read also: Mantra (OM) Price Prediction 2023-2030]
However, a break below this level could see further declines towards $0.93. The volume decrease of 2.41% suggests easing selling pressure, though the bearish trend remains strong.
The post Can $JUP, $ONDO, $XTZ, $MNT, $SUI, and $OM Reclaim the $1 Mark? appeared first on Coin Edition.
