The crypto money market experienced harsh fluctuations on February 17th. Bitcoin (BTC) and Ethereum (ETH), especially many subcoin depreciated. The general movement of the market worried investors, while volatility rose. Especially some Altcoins drew attention by giving great losses. Here are the most valuable crypto beings of the day and the reasons for falling.
Jupiter (JUP): Double -digit loss
The price of Jupiter (JUP) fell 10 %in the last 24 hours and fell to $ 0.84. The general sales pressure in the crypto market negatively affected the price of the JUP. Investors began to reduce risky assets due to the uncertainty of the market.
Technical analysis data show that JUP tested the support level. If the level of $ 0.80 cannot be maintained, there may be more decrease. However, if the market recovers, the JUP is able to react to $ 0.90. In the short term, volume increase may be decisive in price movements.
Litecoin (LTC): Crypto money drop trend is getting stronger
Litecoin (LTC) fell to $ 124.52 with an 8 %loss. The sales pressure in the market led to a decline of LTC to critical support levels. Increased uncertainty in the crypto market caused investors to turn to safe ports.
The level of $ 120 for LTC is seen as an important support point. If it falls below this level, the price may decline to $ 110. In order for bulls to gain strength again, the level of $ 130 needs to be exceeded. However, as long as the general trend in the market is negative, this rise can be difficult.
Raydium (ray): sales pressure is increasing
Raydium (Ray) lost 7 %in the last 24 hours and fell to $ 4.91. Ray, which is connected to the Solana ecosystem, was negatively affected by the general market conditions. Investors began to close their risky positions with the increase in volatility.
Technical indicators show that Ray is trying to find support at $ 4,80. If this support level cannot be maintained, a decrease may be experienced towards $ 4.50. However, if the bulls come into play again, the price may be possible to reach $ 5.20.
Will the fluctuation in the crypto money market continue?
The crypto market faced harsh sales on February 17th. The decline in Bitcoin and Ethereum also affected Altcoins. Investors should carefully follow the mobility in the market in the coming days. If the market is generally recovered, a purchase opportunity may arise for falling crypto assets. However, if the uncertainty continues, moresales pressure visible.
