$KITE –
$ALLO –
$BIO –
#NOM The market is seeing sharp downside action as KITE (-22.96%), ALLO (-15.57%), BIO (-12.20%), and NOM (-10.50%) lead the losers list. These tokens are experiencing significant selling pressure, indicating short-term weakness and profit-taking after recent momentum. KITE, trading at $0.2124, is the hardest hit, suggesting that buyers are stepping back or liquidation pressure is increasing. Mid- and small-cap assets like these often see large intraday swings, so caution is advised.
📉 Trading Insight
KITE: Support near $0.200; if broken, next level could be $0.185.
ALLO: Key floor around $0.120; failure may push toward $0.110.
BIO: Monitor $0.027 as support; lower levels could test $0.025.
NOM: Minor support around $0.0052; deeper weakness could hit $0.0048.
Traders should avoid chasing falling prices blindly. Look for signs of absorption, bullish divergence, or volume contraction before considering long positions. Short-term traders may also explore controlled short opportunities if bearish momentum continues. Stop-loss discipline is crucial in these high-volatility scenarios.