Aster, Midnight, and Ethena face mounting sell-offs
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…
