Let's dive into the technical analysis for the losing coins, focusing on $BTC, $SOL , $PEPE , and $DOGS .
Starting with $BTC, currently priced at $57,487.23 with a 2.77% drop, the trend appears to be showing signs of bearish pressure. The key support level lies around $56,800, which is crucial to hold to prevent further declines. If this support breaks, the next target could be around $55,500. On the upside, resistance is seen at $58,500, and a break above this could indicate a potential reversal or at least a short-term relief rally.
$SOL, trading at $127.70 and down by 5.43%, is experiencing a sharper decline. The next support is found at $125, and breaking below this could push SOL towards the $120 level. However, if the bulls can defend this support, a rebound towards the $130-$132 zone could be possible. The current trend remains bearish, and traders should watch for any signs of consolidation before taking long positions.
$PEPE, priced at $0.00000727 with a 4.59% drop, is showing high volatility typical for such small-cap tokens. The immediate support is at $0.00000710, and breaking this could see PEPE testing lower levels at $0.00000700 or even lower. On the other hand, resistance at $0.00000750 needs to be cleared for any meaningful upward movement. Given the speculative nature of $PEPE, traders should be cautious and use strict stop losses.
Lastly, DOGS is witnessing a significant drop of 11.98%, currently at $0.0010210. The coin has fallen sharply and is close to testing the $0.0010000 psychological support. If this level fails, further declines towards $0.0009500 could be on the horizon. Resistance is now around $0.0010500, and any recovery attempts will need to clear this to gain traction. The overall trend remains bearish, with selling pressure dominating.
