- AVA faces significant selling pressure, with support at $0.75 and $0.70.
- BUZZ shows strong bearish trends, with key resistance at $0.075 and $0.090.
- PIPPIN struggles with declining sentiment, crucial support at $0.090 and $0.080.
Cryptocurrency markets are facing heightened volatility, with notable declines seen in AVA (Travala), BUZZ (Hive AI), and PIPPIN tokens. These assets have all experienced significant price drops in the last 24 hours, reflecting a shift in investor sentiment.
AVA: A Steep Drop with Limited Recovery Signals
AVA, currently priced at $0.7718, has faced a sharp decline of 14.61% in the past 24 hours. The price has dropped from approximately $0.90, signaling increased selling pressure in the market. The asset’s failure to rebound from this drop suggests a continued bearish sentiment.
Resistance levels for AVA are seen at $0.85 and $0.90. The price would need to break these levels to show signs of recovery. On the downside, support levels are located at $0.75 and $0.70. These areas may act as potential price floors, providing some relief if the downward trend persists.
Additionally, a 35% rise in trading volume indicates heightened activity, possibly driven by panic selling or speculative interest. This suggests that investors are uncertain about the asset’s near-term future.
BUZZ: A Strong Bearish Trend with Increased Market Activity
BUZZ has also experienced a notable price drop, currently sitting at $0.06556 after a 28.96% decline. The price fell from $0.09191, showing consistent bearish pressure throughout the day. The 41.64% increase in trading volume reflects significant market activity, possibly driven by panic selling.
Resistance for BUZZ is seen at $0.075 and $0.090. These levels represent key price points where the asset previously showed signs of stabilization before the current decline. If the price fails to surpass these levels, further declines could be expected.
On the other hand, support is found at $0.060 and $0.050. If these levels are breached, BUZZ could face further losses, as they represent strong psychological barriers.
PIPPIN: Consistent Selling Pressure Leads to Declining Sentiment
PIPPIN, now trading at $0.09295, has fallen by 27.63% in the last 24 hours. The token saw its price peak at $0.1284 before facing consistent downward pressure. Despite a slight increase in trading volume (27.39%), there has been no significant recovery attempt.
Resistance levels for PIPPIN are found at $0.105 and $0.120. If the price cannot reclaim these levels, it may continue to struggle. The support levels at $0.090 and $0.080 are critical, with the latter representing a strong psychological barrier. If these levels fail to hold, further declines may follow.