Delayed volatility ensued approximately an hour after the Federal Reserve meeting, with Bitcoin losing the $25,000 threshold. Although the king of crypto reclaimed the critical area at the time of writing, the repeated violations of the support region bring the risk of further declines into sharp focus.
ASR Coin Commentary
The altcoin, which continues the day with losses above 10%, was the crypto most affected by the recent sell-offs. It’s leading the loss column on the Binance exchange. After bouncing from the $2 mark on June 13, the price had jumped to $2.58 today. Now, it’s moving back towards Saturday’s low. If the popular altcoin continues to close below $2.2, the $2.12 and $2.04 support levels could be tested again. The decline needs to end with the price closing above $2.24 for now.
CRV Coin Commentary
Among the falling ones, CRV Coin was one of the most unfortunate. The price went below Saturday’s bottom. The price, which hit the bottom at $0.627 at the weekend, finds buyers at $0.584 at the time of writing. With BTC’s price dropping to $24,800, CRV Coin suddenly tested the $0.573 mark. If the decline continues, a move towards the $0.4 bottom could follow the $0.54 and $0.48 supports. Even though BTC has slightly recovered, CRV buyers are nowhere to be seen in the 4-hour chart.
ATM Coin Commentary
On June 13, the price jumped from $2.25 to $2.98 in two candles. The unsustainable rally has been gradually retreating since that day. The price, which finds buyers at $2.24 at the time of writing, has almost returned to its starting point. ATM Coin, one of the pump coins, has made such rapid ascents several times. While it seems to have bottomed at $2.2 for now, it needs closes above $2.3 to start the rise. The price, which has not seen below $2 since it was listed on the Binance exchange, will have to create a new bottom area if it loses this level. The price, which fell from the $61 ATH level to $2, reveals the ruthlessness of bear markets.
