The cryptocurrency market is facing significant downside pressure as ARKM took a major hit, falling by 21.23% to $1.473. This sharp decline puts ARKM near a crucial support at $1.45. A decline below this level could extend losses to $1.40, while a recovery above $1.50 could lead to a short-term recovery. Similarly, NTRN declined by 21.04% to $0.3730, breaking through critical support levels. Traders should keep an eye on the $0.37 mark as a failure to hold could push the price towards $0.36, while a recovery could target $0.38.
PEPE also declined by 21.03% to $0.00001705, with strong selling momentum. If PEPE fails to defend $0.000017, it risks sliding towards $0.00001650. On the other hand, BOME, which is now trading at $0.005949 after a 20.96% decline, is testing support near $0.00590. A decline here could lead to $0.00580, while a recovery could push the price back towards $0.0060. PEOPLE and DOGS have seen losses of 20.80% and 20.64%, trading at $0.04342 and $0.0005102, respectively. PEOPLE is close to a crucial support at $0.043, while DOGS should hold at $0.00050 to avoid deeper declines. These sharp losses highlight the importance of tight stop losses and strategic planning for traders looking to navigate these volatile markets.
