Top Crypto Losers: Astar, PancakeSwap, and Immutable Drop Further as Bitcoin Falls Back to $110,000
Aster, PancakeSwap, and Immutable Among Biggest Losers as Crypto Market Faces More Selling Pressure
Aster (ASTER), PancakeSwap (CAKE), and Immutable (IMX) are among the worst-performing tokens in the past 24 hours, as the crypto market faces another wave of selling. Bitcoin dropped to around $110,000 earlier on Thursday after a 2% decline, putting extra pressure on altcoins.
Bitcoin Nears a Key Level
At the time of writing, Bitcoin trades around $111,000, slightly recovering from its earlier dip to $110,000. The coin is trying to stabilize after two days of nearly 4% losses, which erased its gains from Sunday.
Technical indicators show that bearish momentum is growing. The MACD continues to move downward, showing stronger selling activity, while the RSI at 41 indicates weak buying pressure and a possible continuation of the sideways trend.
If Bitcoin manages to bounce back, it could test the 100-day EMA near $113,416. However, if it drops below $109,561, it might fall further toward the 200-day EMA at $108,093.
Aster (ASTER) Faces Further Declines
Aster is trading around $1.30, down about 14% from the previous day. The token reversed from the $1.50 resistance zone and is now aiming for $1.15.
If Aster falls below that level, it could test the key $1.00 support, and possibly reach $0.98. Technical signals show increasing selling pressure, with the MACD crossing below its signal line and the RSI at 40, suggesting more downside before becoming oversold.
If buyers return, a strong move above $1.50 could send the price toward $2.10.
PancakeSwap (CAKE) Tries to Recover
PancakeSwap is up about 3%, rebounding after two days of losses. The token is holding above the 50-day EMA at $2.97 and is testing $3.16 as the next resistance level — a price barrier seen during July and September.
If CAKE fails to stay above $2.97, support may appear near $2.78 (100-day EMA) and $2.59 (200-day EMA). The MACD still shows bearish signals, and the RSI at 49 suggests a weak recovery.
A breakout above $3.16 could lift CAKE toward $3.47.
Immutable (IMX) Risks More Losses
Immutable is holding slightly above $0.50, stabilizing after two days of declines. However, both the 50-day and 100-day EMAs are trending down, signaling potential further weakness.
Support for IMX is seen around $0.457, while the RSI at 40 and the downward MACD show that selling pressure is still increasing.
If the token manages to recover, it may face resistance near the 100-day EMA at $0.616.
