Top losers of the day like $SAND ,$KEY ,$GFT and Soo on .....
The cryptocurrency market has witnessed significant turbulence, with several coins experiencing sharp declines over the past 24 hours. Among the top losers are IRIS, OAX, GFT, REN, KEY, and SAND, all facing steep downward pressure. IRIS leads the pack with a staggering 35.35% drop, trading at $0.01035. Closely following is OAX, which saw a 35.10% decline to $0.1078. These declines reflect heightened volatility and selling pressure, likely triggered by bearish sentiment or profit-taking after recent market movements.
GFT also struggled, dropping 33.96% to $0.01151, while REN and KEY fell by 26.45% and 26.39%, respectively. REN is now trading at $0.04023, while KEY sits at $0.002653, indicating a significant shift in momentum for these assets. Meanwhile, SAND showed some resilience, facing a comparatively moderate decline of 12.19% to $0.6252. Despite this, its performance underscores broader market corrections, particularly among altcoins with lower liquidity or speculative activity.
Traders should exercise caution during such high-volatility periods. These steep declines present potential opportunities for those anticipating a market recovery, but risk management remains critical. Monitoring support levels and volume trends for IRIS, OAX, and GFT, in particular, could provide clues to a potential rebound or continuation of bearish trends. For SAND, its relatively smaller drop may indicate underlying support or market interest, warranting closer attention for a potential reversal.
