Imitation coin market retraces to hold ground
According to the past 24 hours’ data, most mainstream imitation coins are generally under pressure and have pulled back. SOL is slightly down by 1.8% near $114.59; DOGE’s decline has widened to 5.7%, trading at $0.09373, reflecting cautious market sentiment.
Major coins such as XRP, UNI, and AVAX are all down in the 4–5% range. Among them, XRP has fallen from 1.574 to 1.494, testing key support levels. ADA remains around 0.24, with a relatively mild decline, indicating that some capital is defending.
From a technical perspective, imitation coins are generally facing pullback pressure on the daily timeframe, but the declines are relatively rational, with no sign of panic selling. Coins with stronger long-term fundamentals, such as LINK and ATOM, show greater downside resilience. MATIC and FTM have the smallest declines, or may be supported by incoming funds.
It is recommended to watch whether major support levels can be effectively defended. If the bottom area is confirmed, the rebound momentum may strengthen afterward.
#加密货币 #山寨币 #Technical Analysis
Risk warning: Digital asset prices can fluctuate dramatically. The analysis above is for reference only and does not constitute investment advice.
According to the past 24 hours’ data, most mainstream imitation coins are generally under pressure and have pulled back. SOL is slightly down by 1.8% near $114.59; DOGE’s decline has widened to 5.7%, trading at $0.09373, reflecting cautious market sentiment.
Major coins such as XRP, UNI, and AVAX are all down in the 4–5% range. Among them, XRP has fallen from 1.574 to 1.494, testing key support levels. ADA remains around 0.24, with a relatively mild decline, indicating that some capital is defending.
From a technical perspective, imitation coins are generally facing pullback pressure on the daily timeframe, but the declines are relatively rational, with no sign of panic selling. Coins with stronger long-term fundamentals, such as LINK and ATOM, show greater downside resilience. MATIC and FTM have the smallest declines, or may be supported by incoming funds.
It is recommended to watch whether major support levels can be effectively defended. If the bottom area is confirmed, the rebound momentum may strengthen afterward.
#加密货币 #山寨币 #Technical Analysis
Risk warning: Digital asset prices can fluctuate dramatically. The analysis above is for reference only and does not constitute investment advice.