🔍 Technical Analysis on Hot Decliners: WRX, BLZ, AKRO, and PNUT Face Heavy Selling Pressure 🔍 The

🔍 Technical Analysis on Hot Decliners: WRX, BLZ, AKRO, and PNUT Face Heavy Selling Pressure 🔍

The cryptocurrency market is witnessing a sharp correction, with coins like WRX/USDT, BLZ/USDT, BLZ/BTC, AKRO/USDT, and PNUT/USDT showing significant losses. Leading the downward trend is WRX/USDT, which has plummeted 60.34%, trading at $0.0970. This steep decline reflects a potential breakdown of key support levels, signaling bearish sentiment among traders. If WRX fails to recover above its psychological resistance, it could face further downside risks.

BLZ/USDT and BLZ/BTC have also faced intense selling pressure, down by 46.25% and 42.50%, respectively. The sharp drop in BLZ suggests a loss of momentum, likely due to profit-taking or reduced market demand. Meanwhile, AKRO/USDT has declined 38.66%, trading at $0.002402, indicating weakening buyer interest. For both BLZ and AKRO, critical support levels must hold to avoid deeper corrections and maintain long-term viability.

Lastly, PNUT/USDT and PNUT/FDUSD have shown relative resilience compared to others, down by 22.04% and 22.01%, respectively, trading around $0.8034. These declines reflect broader market sentiment rather than specific project weaknesses. Overall, the market remains fragile, and traders should closely monitor key levels for all these assets. A recovery in broader market conditions may provide opportunities for bounce trades, but caution is advised in the current volatile environment.