Market Downturn Alert: These Altcoins Hit Hard in the Past Day
The crypto market experienced notable selling pressure over the last 24 hours, with several major tokens recording significant losses. Here's what happened across the landscape:
MemeCore ($M) led the losses, diving 4.72% to land at $1.4. Not far behind, Bittensor ($TAO) slipped 1.65%, settling around $228.86 as investors adjusted their positions in the AI-focused asset space.
Rain ($RAIN) followed with a 1.19% decline to $0.00763577. Meanwhile, $PUMP dropped 1.02% to $0.00196275, reflecting broader profit-taking in lower-cap tokens. WhiteBIT Coin ($WBT) rounded out the top five losers with a more modest 0.85% pullback, trading at $57.62.
While these moves represent typical market volatility in altcoins, traders and portfolio managers should keep close tabs on support levels and broader market sentiment. Whether this signals a temporary correction or deeper weakness remains to be seen.
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ForkThisDAO
· 2h ago
It has fallen again; I said this wave would pullback long ago, why are they only reacting now?
Retail investors are always the last to know, and the fall is not too bad, but I'm afraid it will break through the support level.
I still can't buy memes like this; it's too difficult to grasp.
Let's see if there are any buy the dip opportunities; a bottom with higher trade volumes is the real signal.
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PoetryOnChain
· 12-20 19:27
It dropped again, TAO couldn't escape this time.
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NestedFox
· 12-20 18:58
Dropped again, MemeCore directly plummeted to 4.7 this time, and TAO couldn't escape either. This is the daily life of altcoins, right?
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CryptoGoldmine
· 12-20 18:55
Watching TAO drop 1.65% and still discussing support levels, but the data volume is simply not enough to assess; only by comparing it to the network growth curve of computing power can we determine the true bottom.
This wave of correction is actually more interesting; it's a good time to accumulate and position. Still, focus on ROI rather than chasing highs and selling lows.
MemeCore dropped 4.72%... a typical low-market-cap coin volatility characteristic. It's recommended to look at the investment return cycle before making a decision.
Market sentiment fluctuations are something we watch passively; what really matters are technological iterations and difficulty adjustment cycles.
This 24-hour decline isn't a big deal; the key is to improve your coin selection efficiency.
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0xSunnyDay
· 12-20 18:32
Here comes another plunge, and this time it's these coins.
When TAO dropped, I knew today wouldn't be a good day.
MemeCore plummeted by 4.72, hilarious. Is it time to cut losses?
Every time they talk about "typical volatility," it's getting annoying, brothers.
Where is the support level? Can someone tell me whether to buy the dip or just stay flat?
Market Downturn Alert: These Altcoins Hit Hard in the Past Day
The crypto market experienced notable selling pressure over the last 24 hours, with several major tokens recording significant losses. Here's what happened across the landscape:
MemeCore ($M) led the losses, diving 4.72% to land at $1.4. Not far behind, Bittensor ($TAO) slipped 1.65%, settling around $228.86 as investors adjusted their positions in the AI-focused asset space.
Rain ($RAIN) followed with a 1.19% decline to $0.00763577. Meanwhile, $PUMP dropped 1.02% to $0.00196275, reflecting broader profit-taking in lower-cap tokens. WhiteBIT Coin ($WBT) rounded out the top five losers with a more modest 0.85% pullback, trading at $57.62.
While these moves represent typical market volatility in altcoins, traders and portfolio managers should keep close tabs on support levels and broader market sentiment. Whether this signals a temporary correction or deeper weakness remains to be seen.