Overview

The last 24 hours have been harsh in the cryptocurrency world, with multiple altcoins suffering significant downturns. Traditional finance also faced turbulence, leading to a loss of nearly $200 billion in total market capitalization, dropping from around $3.05 trillion to $2.88 trillion.

Uniswap (UNI)

At the moment, Uniswap (UNI) is valued at $4.22, marking a nearly 10% loss over the last day and around 13% in the last week, making it one of the hardest-hit altcoins. According to CryptoPulse, UNI could dip below a critical support level around $4.7:

“If this week’s candle closes below $4.7, the breakdown is confirmed with a near-term target around $2.”

Zcash (ZEC)

Zcash (ZEC) currently stands at $333, suffering a decline of 9.5% in the past 24 hours. Over the past three months, ZEC has dropped 22%, in stark contrast to its previously strong performance as a leading privacy-centric cryptocurrency.

Aave (AAVE)

Aave (AAVE) has seen a decrease of 8.8% in the last day and nearly 10% over the week, losing more than half its value over the year. AAVE now trades at around $140, with roughly $2.14 billion in market value. Analysts suggest a potential for a 40% move based on current market patterns, as noted by Ali Charts:

“$AAVE is consolidating inside a triangle, setting up for a potential 40% move.”

Pump.fun (PUMP)

Pump.fun is down 8% in the last 24 hours despite being up 46% over the last month. Current trading stands at $0.0027 as negative market conditions cast a shadow over the protocol’s success.

Hyperliquid (HYPE)

Hyperliquid appears steady despite a recent crash, currently experiencing an 8% drop yet showing resilience with over 42% growth on various time scales.

Conclusion

The market turbulence emphasizes the need for vigilance among investors. The fluctuations provide critical insights on market sentiments and potential future movements.