$CTXC , $COS , $UTK , #GTC , #SLF & #DEXE – CRITICAL SELLOFF, OPPORTUNITY OR DANGER?
The market has seen significant downside pressure, with CTXC leading the losers, dropping a staggering -47.16% to $0.5214. COS and UTK followed closely, shedding -26.21% and -22.26%, trading at $0.0113 and $0.1265, respectively. GTC, SLF, and DEXE posted declines of -20.23%, -17.13%, and -10.59%, indicating broad selling pressure across altcoins. This heavy decline highlights both panic-driven exits and potential accumulation zones for opportunistic traders.
For traders, the key strategy is identifying stabilization points. CTXC and COS may test critical supports if selling volume eases, presenting bounce-back opportunities. Watch for strong buying interest near current lows as a signal for potential recovery. However, if momentum remains bearish, coins like UTK and GTC could see further downside pressure, requiring tight stop-losses for risk management. Keep an eye on reversal signals – these dips might turn into profit-making rebound plays for disciplined traders.
