Technical Analysis on Losers – $ORCA , $ACX , $FTT , and More

ORCA is leading the losers' board with a significant 9.07% decline, trading at $5.636. This sharp drop signals strong selling pressure, likely triggered by profit-taking or a market correction after a previous rally. Traders should closely monitor ORCA's support levels around $5.50 for signs of stabilization, while a failure to hold this zone could drive further declines. Similarly, ACX has faced a 7.94% dip to $0.8657, highlighting bearish sentiment. If ACX fails to defend the critical $0.85 support zone, it risks testing lower levels, making it crucial for traders to exercise caution.

Other coins such as FTT, OM, and DEXE are showing minor losses of 2.30%, 1.34%, and 0.51%, respectively, reflecting a more stable trend amidst market-wide volatility. While the losses are less steep compared to ORCA and ACX, these coins remain in a downward trajectory. For FTT, maintaining above $3.20 is key to avoiding further downside, while OM and DEXE appear to be consolidating near their current levels. Overall, traders should closely watch these coins for potential rebounds but remain cautious with tight risk management to navigate current market conditions effectively.

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