- Jito (JTO) shows potential accumulation, but $1.53 support is crucial for stability.
- TRUMP faces volatile swings, with $7.25 as strong support and $7.77 resistance.
- Toncoin (TON) struggles near $3.10 resistance, with weak momentum and low volume.
A sharp turn lower for several trending altcoins – Jito (JTO), TRUMP, Toncoin (TON), and Corite (CO) – has hit the market lately. The sudden drop across these tokens has left investors weighing whether it’s time to buy the dip or exit before prices fall further. While market-wide unease prevails, some indicators hint at potential accumulation on certain assets, while others show growing downside risks.
Jito (JTO) Attempts a Bounce After Steep Decline
Jito took a blow, falling 4.28% in 24 hours, now trading around $1.60. It opened the day near $1.67 and briefly peaked before sliding into a steady decline. A daily low of $1.53 acted as a safety net, attracting buyers and slowing the drop.
The $1.53 support level remains critical. A firm hold above this price suggests buyer confidence. Immediate resistance, however, appears at $1.65 and the previous high near $1.6738, potentially limiting upside moves. Notably, trading volume increased by 16%, indicating active trader interest and possibly suggesting accumulation by some during the dip. A break below $1.53, though, could trigger further selling.
What’s Next for the Volatile TRUMP Token?
The TRUMP token, known for its speculative nature, dropped 1.54% to $7.65. It started higher at $7.77 but couldn’t hold the gains. After touching a daily low near $7.25, it managed a modest recovery.
Resistance looks heavy near the opening price of $7.77, with several rejections seen previously around the $7.70–$7.72 area. On the downside, $7.25 has acted as a support base. High trading volume persisted despite an 18% drop from the previous day, suggesting ongoing speculation.
If the token breaks below support at $7.25, a drop towards $7.00 seems possible. Conversely, a strong move back above $7.77 could rekindle bullish interest.
Is Toncoin (TON) Losing Steam Near Key Levels?
Toncoin is showing signs of fatigue, dropping 1.34% to $3.05 after hitting lows under $2.90. Its recovery is slow, and momentum remains weak. The $3.10–$3.11 resistance zone has repeatedly halted any attempt at a rally.
The sharp decline might indicate a failed breakout attempt. If TON slips below $2.90 again, it could quickly test support near $2.85. Significantly, trading volume plunged by 45%, signaling a distinct cooling-off in market interest compared to other discussed assets. Unless TON can convincingly regain $3.10, further losses appear likely.
Why Is Corite (CO) Trading Frozen?
Corite is moving sideways with minimal price action, now at $0.0004638. The token dropped a mere 0.18%, but that hardly tells the full story. With zero volume recorded in the past 24 hours, the token appears frozen.
The resistance at $0.0004647 and support at $0.0004625 form a tight range. Thin liquidity and low demand make it highly vulnerable. Consequently, CO might face further steps down unless activity revives.
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