$FTM , $USUAL , #AUCTION , #BANANA , and $ENA Face Market Pressure – Key Analysis
The cryptocurrency market is showing bearish sentiment as top losers like FTM, USUAL, AUCTION, BANANA, and ENA record significant 24-hour declines. Leading the downward trend is FTM, dropping by -5.85% to a last price of $1.0343, followed closely by USUAL, losing -5.02%, and now trading at $0.2934. The market downturn reflects strong selling pressure, with AUCTION down by -4.47% at $16.02, and BANANA following suit with a -4.39% dip to $67.77. Meanwhile, ENA completes the top five losers, falling by -4.18% to $0.7152. These price movements indicate weak momentum and point toward critical support levels being tested, suggesting that further declines could be on the horizon unless buyer activity picks up.
Traders should monitor these coins closely as current price levels may present short-term trading opportunities. For FTM, strong support lies near $1.00, and failure to hold this level could lead to further downside. Similarly, USUAL faces critical support at $0.2850, making this a key zone to watch for potential rebounds. On the other hand, AUCTION and BANANA are hovering near major trendlines, with buyers likely to step in if their respective supports at $15.50 and $65.00 are tested. ENA, while showing a smaller decline, still warrants caution as it trends toward its $0.7000 support level. With the market experiencing heightened volatility, careful risk management and close observation of volume and momentum indicators are crucial for traders seeking to capitalize on these movements.
