Crypto
These 3 Altcoins Took The Biggest Hit As Bitcoin Fell To $80,500
Three altcoins face critical support tests after Bitcoin’s drop, while Bitway holds its uptrend despite the broader market sell-off.
BLOCKINSIDERLoadingThree altcoins face critical support tests after Bitcoin’s drop, while Bitway holds its uptrend despite the broader market sell-off.
Three altcoins dropped between 12% and 18% in 24 hours on October 8, while one climbed against the market. These tokens now sit on the edge of key support as outflows deepen and prices slide toward Fibonacci and moving average levels.
Bitway (BTW) moved the opposite way and kept an uptrend alive that began in June. Each chart now carries one level that could decide whether pressure builds or fades.
Zcash (ZEC) traded at $1,138.54 after a 16.67% drop in 24 hours. The decline pushed price through the $1,294.31 level, which now acts as resistance. The Chaikin Money Flow (CMF) indicator reads minus 0.17 and sits below the zero line. The $1,062.37 level stands as the nearest support below.
Outflows drive the bearish case. CMF has fallen from readings near 0.30 in early September, which shows capital leaving the token at an accelerating pace. A loss of $1,062.37 support would expose the $1,000 mark. Below that, the EMA at 957.72 offers the next cushion, while $854.36 stands as the deeper horizontal target if selling continues.
A daily close above $1,294.31 would invalidate the bearish outlook. That move would reclaim the breakdown zone and signal that buyers absorbed the recent outflows. The path would then reopen toward $1,473.08, followed by the $1,688.01 high.
Venice Token (VVV) is tradat $22.258 after a 17.68% decline in 24 hours. The drop carried the price below the 50% Fibonacci level at $22.855 and toward the 61.8% level at $20.079.
The 50-day EMA at $19.852 sits just beneath that Fibonacci level.
The 61.8% Fibonacci level often serves as the bull market support floor, and VVV now tests it. The overlap with the 50-day EMA makes the zone critical. A daily close below $19.852 would expose the 78.6% level at $16.127. Fibonacci test into a trend-level breakdown. The second EMA at $15.664 sits just below that, marking the deeper downside target.
Losing both levels together would turn a Fibonacci test into a trend-level breakdown. The second EMA at $15.664 sits just below that, marking the deeper downside target.
A daily close back above $22.855 would invalidate the bearish view. That move would restore the 50% level as support and shift focus to the 38.2% level at $25.630. A break through that zone would open the way toward $29.064, the 23.6% level.
Pump.fun (PUMP) trades near $0.005 after a 12% decline in 24 hours. Price now sits between the 50% Fibonacci level near $0.005 and the 61.8% level near $0.006. The daily low pierced the 50-day EMA, which also sits near $0.005. The sell-off follows a rally from the September low near $0.003.
A daily close below the 50-day EMA would strip away the trend support that carried the rally. The 50% Fibonacci level offers the first cushion. A break there would send price toward the 38.2% level near $0.005, with the 23.6% level near $0.004 as the deeper target.
A daily close above the 61.8% Fibonacci level would invalidate the bearish outlook. That move would reclaim the breakdown zone and restore the uptrend.
The path would then reopen toward the 78.6% Fibonacci level and the recent high near $0.007. Failure to reclaim that level keeps sellers in control.
Bitway (BTW) trades at $1.376 on the three-day chart, up 13.37% on the current candle against the broader market. Price sits below $1.500 resistance and well above $0.940 support. An ascending trendline from June continues to support the advance.
The uptrend has produced higher highs and higher lows since June, and the latest dip stalled near $0.940 before buyers pushed price back toward resistance. Buyers have defended each pullback to the trendline. A three-day close above $1.500 would clear the final marked barrier and target $2.000, the next level on the chart.
A three-day close below $0.940 would invalidate the bullish outlook, as price would lose both the horizontal support and the ascending trendline. That break would expose $0.550, with $0.388 as the next support.
Further weakness would point toward $0.195, the level that capped the June rebound. Reclaiming $0.940 would be required to revive the uptrend.
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