- SEI dropped by 8.26% after rejecting key resistance, with weakening RSI, MACD, and negative funding rates confirming bearish momentum.
- ARB declined by 8.47% as traders took profits and Robinhood-linked controversy fueled whale outflows and technical breakdowns.
- JASMY, WLD, and JTO saw 6–7% losses as key supports broke, token unlocks hit demand, and validator or volume metrics turned bearish.
Several altcoins are experiencing sharp declines despite isolated catalysts in recent weeks. As per CoinMarketCap, five tokens; ARB, SEI, JASMY, WLD, and JTO, led the top loser list within 24 hours.
ARB had the steepest drop at 8.47%, followed by SEI at 8.26%, and JASMY at 7.22%. Meanwhile, WLD and JTO declined by 6.27% and 6.18%, respectively. While individual catalysts led to sell-offs, a broader shift in capital flows, especially Bitcoin’s rising dominance, continues to pressure altcoins across the board.
SEI Faces Resistance Rejection and Weaker Momentum
SEI dropped after hitting a strong resistance between $0.29 and $0.30, which had capped gains since February 2025. The rejection came as daily RSI cooled to 58.05, easing from overbought levels.
The MACD histogram also narrowed, indicating a decline in bullish momentum. Price is now testing the 0.382 Fibonacci level at $0.2665, which is key for near-term direction. A break below this could lead to a move toward $0.2455, the 0.5 Fib level.
Notably, sector rotation into Bitcoin further contributed to the drop. Bitcoin dominance rose to 64.54%, up 0.1% in 24 hours, pulling liquidity from altcoins. At the same time, SEI’s open interest declined by 2.13%, and funding rates turned negative, suggesting reduced confidence in long positions.
Despite a 30.85% rally in the past month, SEI’s TVL only rose 2% to $612 million, raising short-term valuation concerns. Furthermore, regulatory discussions around Wyoming’s stablecoin pilot added uncertainty, despite being structurally positive in the long term.
ARB Declines Amid Profit-Taking and Robinhood-Linked Unrest
ARB’s July 3 peak at $0.3891 followed a 30% gain in June, placing RSI above 76.2, a strong overbought reading. Traders took profits, and whales reportedly moved 16.75 million ARB, valued at $5.85 million, to Binance on July 1.
The drop also coincided with Robinhood’s EU tokenized stock launch on Arbitrum, which received criticism. OpenAI and SpaceX denied involvement in the product, raising legal concerns. This added pressure on ARB, which retraced by 10% following the controversy.
ARB dropped below its 7-day SMA at $0.3358 and faces new resistance at $0.3602. Meanwhile, the MACD turned negative at -0.0016, pointing to increased bearish activity.
Support currently is at $0.313, and further weakness may push prices toward the 200-day EMA at $0.294. The DAO governance vote update, which lowered quorum to 4.5% on July 4, remains a key factor to monitor.
JASMY Breaks Key Support with High Sell Pressure
JASMY fell by 7.1% after breaching the $0.0124 support, the lower edge of its descending channel since mid-May. The breakdown activated stop-losses, increasing sell-side pressure.
RSI dropped to 41.8, firmly within the bearish range. Meanwhile, Chaikin Money Flow stood at -0.06, showing capital outflows. The price now trades below its major moving averages, including the 7-day SMA of $0.01303 and 200-day SMA of $0.01996.
As Bitcoin dominance increased, altcoins like JASMY continued to lose capital. The Altcoin Season Index is at 24, labeling this as “Bitcoin Season.”
Despite negative signals, $235,000 in positive exchange netflows suggest some accumulation. However, trading volume dropped by 53% in 24 hours to $45.7 million, weakening buyer defense.
JTO Cools After ETF Boost and Decline in Validator Revenue
JTO lost momentum following the Rex-Osprey SOL Staking ETF, which briefly boosted Solana-based tokens. SOL retraced from $161 to $152 by July 2, reversing recent optimism. JTO’s weekly gain of 5.73% prompted profit-taking.
Meanwhile, validator income from Jito tips dropped from 66% to 51% of Solana revenue. Technically, JTO trades below its 7-day SMA of $2.14, now priced at $2.07. RSI is at 51.7 and continues trending downward.
The MACD histogram turned negative at -0.0039. Key support is at $2.05, aligned with the 50% Fibonacci retracement level.
WLD Falls After Token Unlock and Weak Demand
Worldcoin unlocked 37.23 million WLD tokens on July 1, worth $34.43 million, flooding the market during low-volume conditions. This represents 2.23% of WLD’s circulating supply and has historically preceded short-term declines.
The price fell through its long-standing accumulation zone of $0.93 to $1.03, weakening sentiment further. RSI dropped to 48, and the MACD histogram turned negative. Current support is at $0.87, the 78.6% Fibonacci retracement of its May rally.
Overhead resistance is now at $1.11. Notably, 24-hour trading volume declined by 31% to $163 million, exposing the token to automated sell-offs. WLD’s correlation to BTC rose to 0.82, compounding losses as capital flowed out of altcoins.
Altcoin Weakness Indicates Broader Market Rotation
Together, SEI, ARB, JASMY, JTO, and WLD declined due to a mix of profit-taking, resistance rejections, and external catalysts.
However, the rising Bitcoin dominance and lower altcoin volume suggest broader structural pressure. Sector-wide movements, technical breakdowns, and token-specific developments combined leading to declines across these five assets.
