Aster (ASTER), Midnight (NIGHT), and Ethena (ENA) are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin (BTC) dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Aster risks breaking below its crucial support

Aster extends the losses for the third consecutive day, dropping below the $0.80 mark. At the time of writing, ASTER is down over 1% after Monday’s 13% fall, testing the S1 Pivot Point at $0.7787.

If the perpetuals-focused exchange token delivers a daily close below this level, it could test its all-time low of $0.5404.

The momentum indicators on the daily chart suggest a…