Technical Analysis: Spotlight on Hot Coins – #BNB , $BTC , #ETH , $DOGE , #PEPE , and $XRP ..
The market has taken a sharp bearish turn, with major coins facing significant losses. BNB is trading at $670.50, down by 6.56%, showing a break below critical support. If BNB fails to reclaim $680, the next downside target lies near $650. BTC, at $98,710.01, has dropped 5.51%, testing key psychological levels. A failure to hold above $98,000 could push BTC toward $95,000, while a recovery above $100,000 could bring back bullish momentum. ETH leads the major losses with a 9.82% drop to $3,494.95, breaching key support levels. ETH needs to reclaim $3,550 quickly to prevent a slide toward $3,400.
On the altcoin front, DOGE has plunged by 17.93% to $0.31831, showing intense selling pressure and approaching $0.31 support. A breakdown here could push it toward $0.30. PEPE, experiencing the biggest drop, is down 20.11% at $0.00001728, nearing critical support at $0.000017. A break below could lead to further capitulation, while a recovery might test $0.000018. XRP has fallen 7.91% to $2.2873, holding just above $2.28 support. Traders should watch for a breakout above $2.30 for a potential reversal, while a break below $2.25 could accelerate losses. The overall market sentiment remains bearish, demanding cautious trading strategies with well-placed stop-losses and profit targets.
