Altcoins Weaken as Selling Pressure Pushes Several into Bearish Zones
Weekly market analysis: several altcoins have lost bullish momentum and face renewed selling pressure, pushing them back toward key support levels and into bearish trend zones. MemeCore (M) is the weakest performer, trading around $1.35 after a 7‑day loss of 28.66%, with support at $1.20 and downside risk to $0.42 if that support breaks. Zcash (ZEC) fell beneath moving averages to $353.87 (7‑day loss 24.66%), with forecasts pointing to $261 before potential oversold bounce. Starknet (STRK) trades near $0.1182 (7‑day loss 16.96%), range‑bound between $0.10 support and $0.16 resistance. Aptos (APT) has dropped to $1.82 (7‑day loss 12.84%) and sits in oversold territory, showing Doji price action and limited-range trading. KuCoin Token (KCS) fell after rejects at $16, trading near $9.19 (7‑day loss 8.37%), with prior lows at $7.19 and $6.29 and visible buying wicks suggesting support around $8.00. Market caps and 24‑hour volumes cited for each token indicate materially different liquidity profiles. The author notes these are personal opinions and not investment advice. Primary keywords: altcoins, bearish trend, support levels, selling pressure, oversold.
Bearish
The article documents multiple altcoins losing momentum, getting rejected at recent highs and moving below moving averages — classic technical signs of a bearish phase. Several tokens show double rejections (resistance tests) and are approaching or have breached key supports (e.g., M at $1.20, ZEC toward $261). Oversold readings for APT and ZEC could induce short‑term bounces, but the dominant pattern is distribution and range contraction rather than accumulation. Low‑cap or lower‑liquidity tokens (like MemeCore) are especially vulnerable to larger drawdowns and volatile moves. Historically, similar clustered weakness across altcoins (e.g., 2018 and 2022 altcoin drawdowns) led to extended sideways markets and periodic capitulation before selective recoveries led by macro catalysts or network‑specific news. Short term: expect continued downside or choppy range trading, increased volatility, and opportunistic buying at clear support levels; risk management (reduced position size, tight stops, avoiding low‑liquidity entries) is advised. Long term: unless supported by fundamental upgrades or broader market bullishness (BTC/ETH rallies, on‑chain adoption signals), these assets may remain depressed until macro sentiment shifts. Overall, the piece signals caution for traders — bias toward bearish positioning or wait for confirmed support retests and volume‑backed reversals before re‑entering.