Cryptocurrencies Lead Declines: Monero, Ethereum, and Kaspa Face Sell-Off
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According to CoinWorld, altcoins such as Monero (XMR), Ethereum (ETH), and Kaspa (KAS) are leading a significant market correction. Monero rebounded slightly above $400 after a 13% drop but faces the risk of testing the 200-day moving average at $388. Ethereum has fallen 25% over the past five days, currently trading below $2,300 and approaching the key support zone between $2,111 and $2,227. Its Relative Strength Index (RSI) is at 24, indicating an oversold condition. Kaspa is currently near $0.3000, forming a descending wedge pattern and facing the risk of further decline to the support level at $0.02439.
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