Recent market faces significant pressure, and today has been quite tough. Multiple cryptocurrencies are weakening simultaneously, with new lows appearing consecutively — AVNT dropped 13.12% in 24 hours, hitting a recent weekly low; ALGO, SUPER, AT, ALLO also reached their bottoms today, with declines of 5.96%, 5.18%, 7.22%, and 8.1% respectively. This is not the end; BICO and CELO even broke through their weekly support levels, with declines of 6.9% and 11.52%. Even JUV did not escape, with a slight correction of 3.08% within 5 minutes.
However, it is worth noting that DEGO performed counter to the trend, rebounding by 5.53% after a short-term dip, which is one of the few bright spots in the market.
From a technical perspective, the continued volume-driven decline combined with multiple assets breaking support levels signals that — clone coins are once again entering a high-volatility liquidation window. Monitoring risks closely is still necessary.
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Recent market faces significant pressure, and today has been quite tough. Multiple cryptocurrencies are weakening simultaneously, with new lows appearing consecutively — AVNT dropped 13.12% in 24 hours, hitting a recent weekly low; ALGO, SUPER, AT, ALLO also reached their bottoms today, with declines of 5.96%, 5.18%, 7.22%, and 8.1% respectively. This is not the end; BICO and CELO even broke through their weekly support levels, with declines of 6.9% and 11.52%. Even JUV did not escape, with a slight correction of 3.08% within 5 minutes.
However, it is worth noting that DEGO performed counter to the trend, rebounding by 5.53% after a short-term dip, which is one of the few bright spots in the market.
From a technical perspective, the continued volume-driven decline combined with multiple assets breaking support levels signals that — clone coins are once again entering a high-volatility liquidation window. Monitoring risks closely is still necessary.