FTX stock market crash witherNot so good for Lido and Render assets. The last few days have been pretty tough for these three altcoins. The price of assets, on the other hand, fell by up to 60%.
Solana Price Fails to Recover from Fall
One of Alameda Research’s largest investments, Solana is the second most damaged after FTT. altcoin it happened. Alameda Research is another company that has suffered damage due to its relationship with FTX. SOL price dropped from $36.9 to $14.4 in 72 hours. This 60.78% drop almost reached $12.1 where the critical support is located.
Solana, which has participated in the recovery in the last few hours, is trading around $ 14.02 despite the increase. However, the disappearance of the upward momentum will start a new downtrend in the price.
Lido DAO Price Tries To Rebound
Lido DAOAlthough the altcoin has grown in the last four months, it has fallen by 45.26%. The altcoin, traded at $1.04, is trading far away from the $0.66 support line, unlike other cryptocurrencies. On the upside, the first line of defense before the collapse is located at $1.23. This is likely to provide resistance to any recovery effort.
Koinfinans.com As we have reported, a decrease in the cryptocurrency market will return the Lido DAO price to the $ 0.66 region.
Render Token Continues to Consolidate
Render Token The price had a pretty spectacular month starting mid-October when the altcoin surged 119.33%. However, investors’ dream of getting $1 back has faded after the 53% drop in the last three days. The fate of Render has changed somewhat after registering an 18.46% recovery on November 10. Now RNDR is close to its critical resistance at $0.63.
Cryptocurrency Even if the market turns bearish, RNDR should make a retest in the $0.32 region where the critical support is located. Regardless, the altcoin has technically been consolidating within the same resistance ($0.80) and support levels ($0.32) since June. Therefore, investors should maintain a positive outlook.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.