Technical Analysis: $GAS , $STRAX , $PIVX , MTL, and LSK

The cryptocurrency market's latest 24-hour performance highlights significant losses among key assets, with GAS leading the decliners, experiencing a sharp drop of -12.69% to a last price of $5.378. STRAX follows closely with a -9.09% decline, trading at $0.08035. Similarly, PIVX fell by -8.75%, landing at $0.296, while MTL and LSK recorded losses of -8.39% and -7.07%, trading at $1.288 and $1.052, respectively. This downtrend indicates bearish sentiment, likely fueled by broader market corrections or profit-taking from recent highs. Notably, GAS’s significant drop suggests strong selling pressure, potentially driven by weak buyer support or adverse market conditions.

Technically, all five assets are exhibiting bearish momentum, as evident from their price drops and negative percentages. The retracement seen in STRAX and PIVX signals potential consolidation, with traders eyeing key support levels for re-entry opportunities. MTL and LSK, despite their declines, may witness rebounds if buying interest resurges near current price zones. Meanwhile, GAS, due to its sharper fall, requires closer monitoring as it approaches critical support thresholds, which could either spark a recovery or intensify the sell-off. Traders should exercise caution, keeping an eye on volume patterns and broader market trends to identify potential reversals or further downside risks.