3 Altcoins That Reached All-Time Low Today — January 27
- ZEREBRO dropped 24% to $0.0925, hitting a new all-time low. Reclaiming $0.1355 as support could spark recovery toward $0.259.
- DYM fell 13.6% to $0.91, losing $1.00 support. A rebound to $1.13 is critical for recovery, with $1.37 as the next resistance.
- BIO hit a new low at $0.20 after a 12% drop. Flipping $0.25 to support could target $0.38, boosting investor confidence.
The crypto market is in the red today as Bitcoin fell below the $98,000 support level. Altcoins suffered the wrath of these bearish conditions as losses piled up, resulting in multiple new lows.
BeInCrypto has analyzed three such crypto tokens that have formed a new all-time low today and whether or not they can recover in the coming days.
Zerebro (ZEREBRO)
ZEREBRO’s price dropped 24% in the past 24 hours, now trading at $0.0925 and briefly hitting an intraday low of $0.0921. This sharp decline has resulted in a new all-time low, reflecting intensified bearish sentiment and a lack of immediate buying support for the altcoin.
The ongoing decline poses challenges for ZEREBRO’s recovery, as the current downtrend shows no signs of easing. If this trend persists, the altcoin may experience further losses, deepening concerns among investors and delaying any potential rebound in its price action.
However, if ZEREBRO manages to reclaim $0.1355 as a support level, it could invalidate the bearish outlook. Achieving this milestone might pave the way for a recovery, with the altcoin potentially targeting $0.259 and restoring some confidence in its market performance.
Dymension (DYM)
DYM experienced a 13.6% drop in the past 24 hours, hitting a new all-time low of $0.91 during today’s intraday trading. The decline followed the altcoin’s inability to maintain support at $1.13, further highlighting its ongoing struggle in the current bearish market environment.
If broader market conditions remain unfavorable, DYM could face continued downward pressure, having already lost the critical $1.00 support level. This ongoing decline may extend further, leaving investors cautious as they wait for signs of stabilization or a shift in market momentum.
To invalidate the bearish outlook, DYM must reclaim $1.13 as a support level. Successfully doing so could enable the cryptocurrency to recover to $1.37, offering a potential pathway to restore confidence and reverse its current downtrend.
Bio Protocol (BIO)
BIO has dropped 12% today, extending its downward trend since its initial listing a month ago. The persistent decline reflects weak investor confidence, compounded by challenging market conditions.
The lack of demand and prevailing bearish market sentiment have pushed BIO to set a new all-time low of $0.20 today. This consistent formation of lower lows highlights the token’s vulnerability to further declines unless market interest picks up significantly in the near term.
To invalidate the bearish outlook, BIO must flip $0.25 into a support level. Achieving this milestone could pave the way for a recovery, with the altcoin targeting $0.38 as the next resistance level. A successful rebound would boost investor sentiment and potentially attract fresh inflows.
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