Technical Analysis: Severe Losses in #ARKM , #NTRN , $PEPE , $BOME , #PEOPLE , and $DOGS ...
The cryptocurrency market is facing heavy bearish pressure, with ARKM taking a significant hit, dropping 21.23% to $1.473. This steep decline positions ARKM near a crucial support at $1.45. A breakdown below this level could extend losses to $1.40, while a recovery above $1.50 might trigger a short-term bounce. Similarly, NTRN has fallen 21.04% to $0.3730, breaking through critical support levels. Traders should monitor the $0.37 mark, as a failure to hold could push the price toward $0.36, whereas a rebound might target $0.38.
PEPE has also dropped 21.03% to $0.00001705, with strong selling momentum. If PEPE fails to defend $0.000017, it risks a further slide toward $0.00001650. On the other hand, BOME, now trading at $0.005949 after a 20.96% drop, is testing support near $0.00590. A breakdown here could lead to $0.00580, while a recovery could push it back toward $0.0060. PEOPLE and DOGS have experienced losses of 20.80% and 20.64%, trading at $0.04342 and $0.0005102, respectively. PEOPLE is near critical support at $0.043, and DOGS must hold $0.00050 to avoid deeper declines. These steep losses highlight the importance of tight stop-losses and strategic planning for traders looking to navigate these volatile markets.
