today analysis report.....my crypto faimly you know crypto market go down bearish ....several coin are showing down turn ..like $OOKI ...$KP3R $HARD #rune and#bico
The market is experiencing notable downturns, with several hot coins showing significant declines. OOKI/USDT is leading the plunge, dropping a dramatic 35.50%, signaling intense selling pressure that might indicate a bearish trend continuation if it fails to find support. This drastic drop suggests high volatility and could indicate either capitulation or a possible reversal zone if bulls step in at lower levels. KP3R/USDT follows closely, suffering a 15.49% decline, likely testing critical support levels. If this bearish momentum persists, KP3R might continue to see downward pressure unless there’s an influx of buyers at these discounted levels.
Other coins like HARD/USDT, RUNE/USDT, and BICO/BTC are also facing significant losses, dropping by 11.20%, 9.60%, and 9.59%, respectively. HARD’s double-digit decline highlights a potential resistance rejection, indicating traders’ hesitation to support higher prices under current market conditions. Meanwhile, RUNE’s decline across both USDT and USDC pairings, down 9.60% and 9.57%, suggests a broader weakness in its market outlook. This synchronized decline across multiple pairings is often a bearish sign, reflecting overall market sentiment for RUNE. BICO/BTC’s dip also underscores the bearish sentiment across altcoin pairs, with BTC possibly gaining strength in comparison. Traders should watch for stabilization or reversal signals at these lower levels, as these coins could attract buyers seeking oversold opportunities or momentum traders preparing for potential rebounds.
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🚀Solana is the most popular altcoin in LATAM since the beginning of 2024
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Solana also had an increase in purchase preferenceLikewise, Bitso concluded that its analysis of the data revealed a general increase in preference for Solana, especially in the markets of Argentina, Colombia and Mexico, where an increase in preference was shown that went from 2% to 3% among Argentine users and from 3% to 4% among Colombian and Mexican users. In the case of Brazil, it was reported that the preference remained at the same 4% that it had since last year.
High transaction speed and memecoins, reasons behind Solana's popularityThe exchange claims that Solana's growing popularity in Latin America is due to its "high transaction speed and low commissions," which has led Latin American users to consider it an ecosystem in constant expansion that positions it, according to the exchange, as an "efficient and promising investment."
Likewise, the exchange reported that the growing interest in memecoins within the markets has helped Solana and its ecosystem to also become very popular.
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