The crypto currency market suffered great losses today with Bitcoin’s fell below $ 98,000 support. These negative market conditions caused many subcoin to decline to new historical bottom levels. Today, three subcoins and analyzes that see their historical low levels are as follows…
This 3 Altcoin saw the bottoms on January 27
Zerebro (Zerebro)
Zerebro’s price lost 24 %in the last 24 hours and fell to $ 0.0925. The lowest level in the day was $ 0.0921. This harsh decline reveals increasing sales pressure in the market and lack of instant purchasing support.
While Zerebro’s current decrease trend continues, the probability of recovery is weak for now. If this decline acceleration continues, Zerebro’s loss of value will deepen. Thus, investors’ hopes of recovery will decrease further. However, if Zerebro’s price can recover the $ 0.1355 level as a support point, we can see that this pessimistic table is reversed. A recovery movement above this level will carry Zerebro’s price to $ 0.259. This can partially re -trust the trust of investors.
Dymension (DYM)
The DYM fell to $ 0.91 with a decrease of 13.6 %in the last 24 hours. Thus, it reached a new historical bottom level. This decrease took place after the subcoin lost a critical support level of $ 1.00. The negative atmosphere in the market increases the sales pressure on the DYM and makes it difficult to recover.
In order for the DYM to release the current decline trend, it has to re -win the level of $ 1.13 as a support point. If this success is achieved, the DYM price has the potential to recover up to $ 1.37. However, a strong purchase movement in the market is essential to reach this resistance level.
Bio Protocol (BIO)
Today, the BIO decreased to 0.20 dollars with a 12 %decrease and saw a historical low level. This decrease is a reflection of the weak market performance of the token since the first listing price a month ago.
BIO’s price, investor’s lack of confidence and low demand is constantly going down to new bottom levels. However, if the BIO price can make the level of $ 0.25 support, this will provide a positive return in price movements. Following this level, BIO is expected to increase the possibility of recovery by targeting $ 0.38 resistance.
Today, these subcoins, which declined to historical low levels, give some promising signals in the light of technical indicators for recovery, but negative conditions throughout the market make this process difficult. The realization of price movements above key support levels for each may be the key to re -trusting.
