Technical Analysis: Major Losses in #ARKM, #NTRN , $PEPE , $BOME , #PEOPLE , and $DOGS ...
The cryptocurrency market is under significant bearish pressure, with ARKM taking a major hit, dropping 21.23% to $1.473. This sharp decline places ARKM near crucial support at $1.45. A breakdown below this level could extend losses to $1.40, while a recovery above $1.50 could trigger a short-term rebound.
Similarly, NTRN has fallen 21.04% to $0.3730, breaking through key support levels. The $0.37 mark is critical, and a failure to hold could push the price down to $0.36, while a bounce might target $0.38.
PEPE has dropped 21.03% to $0.00001705, showing strong selling momentum. If it fails to hold $0.000017, it could slide further to $0.00001650.
BOME, now at $0.005949 after a 20.96% decline, is testing support around $0.00590. A breakdown could push it to $0.00580, while a recovery might drive it back to $0.0060.
PEOPLE and DOGS have also faced significant losses of 20.80% and 20.64%, trading at $0.04342 and $0.0005102, respectively. PEOPLE is near key support at $0.043, and DOGS must hold $0.00050 to avoid deeper losses.
These steep declines emphasize the importance of tight stop-losses and strategic planning for traders navigating this volatile market.
