Top Losers of the day Don't waste your time Its time to buy $ACT ,$THE and $GFT ...Long trade on these coins ....
Technical Analysis Report: A Look into the Day’s Market Losers
The cryptocurrency market witnessed significant pullbacks, with GFT leading the day’s losers with a sharp 30.10% drop, trading at $0.00534. This decline marks a critical zone as GFT approaches its multi-week low. The downward momentum is likely fueled by weak market sentiment or potential sell-offs from key holders. If this trend continues, the next support level could be around $0.00500, while a recovery above $0.00550 may indicate a potential reversal. Traders should closely monitor GFT for any bounce-back opportunities in the coming sessions.
Other notable decliners include THE and ACT, which shed 14.57% and 11.43%, respectively. THE, currently trading at $2.5221, is testing its immediate support at $2.5000. A breakdown below this level could accelerate losses, while resistance remains at $2.6000. ACT, at $0.5323, is also under pressure, with a critical support zone near $0.5200. On the other hand, $IRIS and $NTRN recorded losses of over 10%, trading at $0.01093 and $0.5296, respectively. These coins are hovering near key support levels, and a breach may spark further declines. However, a breakout above resistance levels could trigger renewed bullish momentum.
Lastly, $JTO and $BANANA also caught the market’s attention with losses of 9.98% and 10.06%, trading at $3.447 and $59.16, respectively. While $JTO remains near its psychological support at $3.40, $BANANA’s current price action indicates potential recovery if it holds above $59.00. Investors and traders are advised to keep an eye on these critical levels for signs of market stabilization or further downward pressure. These pullbacks could present opportunities for disciplined entries at discounted levels, provided market conditions improve.
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