3 Altcoins That Reached All-Time Low Today
The cryptocurrency market has suffered huge losses in the past 24 hours due to bearish macroeconomic trends. Bitcoin fell to $80,000, triggering a drop in the bench coins.
Beincrypto analyzed three altcoins that struggled as market conditions deteriorated.
Arbitrator (ARB)
Price of arbitration The current trading price is $0.365 in the past week. Earlier today, Altcoin’s date low was $0.343, marking a new all-time low. The continued decline reflects a wider market struggle, with investors remaining cautious due to uncertain market conditions and ARB facing bearish pressure.
The death cross formation in late January exacerbated the decline of ARB, which exacerbated the deterioration of macroeconomic trends. If sales pressure persists, AltCoin can extend its losses and test the next all-time low of $0.300.
However, potential market recycling can provide arbitrator There is a chance to rebound. If investor sentiment improves and broader conditions stabilize, ARB may climb to $0.473. A breakout above this level will invalidate the bearish outlook.
Astra (ASTR)
After a 21% decline in the past week, Ast was at its all-time low of $0.0294 today. The current transaction price is $0.0315. Altcoin is looking for recover. The recent decline has exacerbated bearish sentiment, raising concerns about further shortcomings of market conditions that have not improved.
Moving within the descending channels, Astor is still vulnerable to further losses. Altcoin may drop to $0.0270 before attempting a rebound to test the channel’s lower trendline as support.
However, if broader market conditions stabilize, ASTR can recover momentum and climb to $0.0367. A breakout above this level will invalidate the bearish outlook and signal potential recovery.
Even (even)
Celo reached a new all-time low today, dropping to $0.329 before recovering slightly at $0.350. this Altcoin The past week has dropped 17% after not holding $0.399 as support. Continuous sales pressure puts Celo under bearish control, thus limiting its chances of immediate recovery.
The ongoing three-month downtrend weighs heavily on Celo, pushing it into deeper lows. If the bearish momentum remains Altcoin can Slide further at its all-time low of $0.329. This situation could make Celo tests $0.300 or less, enhancing extended negative sentiment in the market.
If Celo recoups $0.399 as a strong support level, there may be a reversal. Such a move will invalidate the bearish look and open the door to recovery. A successful breakthrough that exceeds this threshold could push Celo to $0.467, restoring investor confidence and indicating a potential trend reversal in the asset.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
