The recent market has been under considerable pressure, and today was indeed a tough day. Multiple cryptocurrencies moved downward simultaneously, with new recent lows appearing consecutively—AVNT fell 13.12% in 24 hours, hitting a weekly low; ALGO, SUPER, AT, and ALLO also bottomed out today, with declines of 5.96%, 5.18%, 7.22%, and 8.1% respectively. That's not all; BICO and CELO even broke through this week's support levels, dropping by 6.9% and 11.52%. Even JUV didn't escape, with a slight pullback 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, making it one of the few bright spots in the market.
From a technical perspective, the continuous volume-driven decline combined with multiple assets breaking support levels indicates a clear signal—the altcoin market has entered a high-volatility liquidation window. Risks must be closely monitored going forward.
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The recent market has been under considerable pressure, and today was indeed a tough day. Multiple cryptocurrencies moved downward simultaneously, with new recent lows appearing consecutively—AVNT fell 13.12% in 24 hours, hitting a weekly low; ALGO, SUPER, AT, and ALLO also bottomed out today, with declines of 5.96%, 5.18%, 7.22%, and 8.1% respectively. That's not all; BICO and CELO even broke through this week's support levels, dropping by 6.9% and 11.52%. Even JUV didn't escape, with a slight pullback 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, making it one of the few bright spots in the market.
From a technical perspective, the continuous volume-driven decline combined with multiple assets breaking support levels indicates a clear signal—the altcoin market has entered a high-volatility liquidation window. Risks must be closely monitored going forward.