BTC has been trying to find buyers below another resistance zone while recovering rapidly for weeks. The first red candle on the weekly chart is about to close. However, the fact that the $40,000 support is still being held is positive. So, which cryptocurrencies were the losers of the day?
BONK Coin Commentary
We had mentioned that the sales made by the team over-the-counter could drive the price down. Similarly, we wrote that the Binance listing, much like with PEPE Coin, could be the final stage for an all-time high (ATH). As expected, BONK Coin continues the day with double-digit losses.
The parabolic rally has ended, and if the $0.0000199846 region is also lost, sell-offs could accelerate. The second major support in the ongoing decline is at $0.0000131579.
FTT Coin Commentary
The FTX bankruptcy committee announced a plan that client assets will be returned at their bear market bottom value, which is an absolute disgrace because customers entrusted their cryptocurrencies to the exchange, which is not a bank. Customers should have their altcoins, which could appreciate 5-10 times in value, returned directly to them.
Probably because the exchange does not have enough altcoins on hand, they will follow this path, and it is demoralizing. Users would not be willing to use the exchange again even if it reopens under such circumstances. Also, the reopening plan that was announced to be revealed in mid-December has still not been declared. In short, it seems like the empty dreams for FTT Coin have now come to an end. If the price loses $3.42, it could fall back to $2.21 and $1.3.
Despite speculative rises, FTT Coin remains one of the riskiest altcoins in the long term.
BEAMX Commentary
It rose quickly and is falling back just as fast. Although BEAMX Coin, which was only listed last month, could steadily increase towards $0.024, demand is fading. In the coming days, if there are closures below $0.018, a pullback to $0.0159 and $0.0134 could continue.
BTTC Coin Price Forecast
The excitement in the Tron ecosystem benefited it the most, but every rise has an end. The price of BTTC Coin is also reversing with decreasing demand. The negativity in BTC price and the profit-taking triggered by recent rapid rises are normalizing these declines.
There are two targets here. Either the price will continue the rally with closures above $0.00000142, or it will lose the $0.00000113 level and add a zero in front. For now, the BTC negativity supports the downward direction.
TRB Coin Reviews
A common feature of today’s most falling altcoins is that they have recently made impressive rallies. This shows that profitable investors are focusing on profit-taking. If BTC can remain strong, the capital withdrawn from here could shift to other cryptocurrencies that have not yet risen to the expected level.
The increasing demand in the RWA field was going to push TRB Coin to the ATH region above $160, but profit-taking intensified at the $133 resistance. Those who bought at $7 had valid reasons to sell. Now, if the price currently at $106 starts to see closures below $100, it could retreat to $73 and $55.
