$BTC $ETH $XRP #doge #pepe ? Technical Analysis on Hot Coins: Market Correction in Play 🔍
The cryptocurrency market has entered a significant correction phase, with major coins like BNB, BTC, ETH, DOGE, XRP, and PEPE witnessing sharp declines. Leading the downtrend, PEPE is the most impacted, dropping a staggering 17.16% to $0.00001844. Meme coin enthusiasts are closely watching this dramatic pullback as speculative trading intensifies, potentially signaling a retest of lower support levels.
Meanwhile, XRP has plunged 13.27% to $2.23, breaking below critical price zones, which could lead to further bearish pressure if it fails to reclaim key levels. DOGE is also under significant selling pressure, down 10.67% at $0.35058, reflecting reduced market interest in meme coins overall. Among large caps, ETH has fallen 7.18% to $3,593.40, indicating a possible breakdown in bullish momentum. Similarly, BTC and BNB are both down 5.52%, trading at $99,629.78 and $677.63, respectively. The declines in these blue-chip assets suggest broader market sentiment remains fragile.
Traders should exercise caution as the overall market structure hints at increased volatility. Key support levels must hold for major coins to prevent deeper corrections. Keep an eye on BTC’s $99,000 support and ETH’s $3,500 zone, as any breach could trigger more downside action. For speculative coins like PEPE and DOGE, recovery hinges on renewed market interest or positive catalysts. As sentiment remains bearish, this correction presents a crucial test for both short-term traders and long-term investors.
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