Can $JUP, $ONDO, $XTZ, $MNT, $SUI, and $OM Reclaim the $1 Mark?

As the cryptocurrency market experiences significant fluctuations, investors are closely monitoring Jupiter ($JUP), Ondo ($ONDO), Tezos ($XTZ), Mantle ($MNT), Sui ($SUI), and Mantra ($OM). Each of these assets faces unique challenges and opportunities as they strive to regain the $1 mark.

Jupiter ($JUP) at press time is priced at $0.7933, down by 9.23% in the last 24 hours. The token’s market capitalization stands at $1.07 billion, with trading volume spiking by 43.70% to $82.63 million. This surge in volume suggests increased market activity, but the price remains under pressure.

The primary resistance level is around $0.874, which previously saw significant selling. If $JUP continues its downward trend, the next support level at $0.78 could be critical. The current downward movement and series of lower highs indicate a bearish sentiment.

[Read also: Jupiter (JUP) Price Prediction 2024-2030]

Ondo ($ONDO) also reflects a bearish trend, trading at $0.7285, down by 9.58% in the past day. With a market cap of $1.01 billion and a trading volume up by 14.70% to $120.90 million, the increased trading activity highlights ongoing market volatility.

The resistance at $0.8068 remains a significant barrier. If $ONDO’s price drops further, the next support around $0.70 will be crucial. The prevailing trend of lower highs and lows underscores bearish market sentiment.

[Read also: Ondo (ONDO) Price Prediction 2024-2030]

Tezos ($XTZ) is priced at $0.6603, having decreased by 3.69% over the last 24 hours. Its market cap is $656.35 million, with a trading volume increase of 18.67% to $17.49 million. The resistance level at $0.6859 has proven tough to surpass.

Should $XTZ fall below the support at $0.66, the next support around $0.65 will be pivotal. The observed downward trend reflects ongoing bearish pressure, compounded by increased trading volume suggesting active selling.

[Read also: Tezos (XTZ) Price Prediction 2023-2030]

Mantle ($MNT) is trading at $0.6002, experiencing a 6.97% drop in the past day. The chart shows a peak resistance at $0.6455, and a crucial support level at $0.60. If $MNT drops below this level, further declines might head towards $0.59. The recent volume surge of 59.53% indicates heightened trading activity but also emphasizes the need to watch the $0.60 support closely.

[Read also: Mantle (MNT) Price Prediction 2024-2030]

Sui ($SUI) has shown slight resilience, trading at $0.9021, a 0.49% increase in the past 24 hours. The token faces resistance around $0.94 and $0.92. If $SUI maintains its current level, it could test these resistance points.

However, if the price falls below the support at $0.8944, further decline to around $0.88 may occur. The increased trading volume by 15.97% hints at growing interest, potentially leading to a breakout or further testing of support levels.

[Read also: Sui (SUI) Price Prediction 2024-2030]

Mantra ($OM) is at $0.9561, reflecting a significant 11.54% drop. The key resistance level is $1.0807, with a psychological barrier at $1.00. If $OM holds the $0.95 support, it may stabilize or attempt recovery.

[Read also: Mantra (OM) Price Prediction 2023-2030]

However, a break below this level could see further declines towards $0.93. The volume decrease of 2.41% suggests easing selling pressure, though the bearish trend remains strong.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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