3 Altcoins That Reached All-Time Low Today — February 3
These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
The crypto market’s sharp decline in the past 24 hours has triggered widespread losses, with Bitcoin’s crash impacting altcoins significantly. Some tokens faced even deeper corrections, hitting new all-time lows amid the sell-off.
BeInCrypto has identified three major tokens that reached a new all-time low despite their prominence in the market.
Arbitrum (ARB)
Arbitrum’s price saw a significant 40% decline over the past 24 hours, dropping to a new all-time low of $0.345. This sharp fall comes amid increased market uncertainty, raising concerns about the altcoin’s short-term stability.
The decline followed Arbitrum’s failure to maintain support at $0.473, which has left the token vulnerable. If the altcoin falls further below $0.345, it could form new lows, exacerbating investor losses and creating a bearish outlook. The market sentiment remains fragile amidst the recent drop.
ARB Price Analysis. Source:
TradingView
Despite the significant loss, Arbitrum has managed to recover slightly, currently trading at $0.416. This recovery offers a potential opportunity for the altcoin to reclaim the $0.473 support level. If successful, the token could see a rebound, invalidating the current bearish outlook.
Blur (BLUR)
BLUR experienced a 26% drop over the past day, trading at $0.124. The $0.103 level marked a new all-time low for the altcoin. This steep decline has raised concerns among investors, signaling potential further downside if the current trend persists.
This all-time low marks the first since August 2024, highlighting the altcoin’s vulnerability. If BLUR continues its current trajectory, it could fall below the $0.100 threshold, further eroding investor confidence. Continued bearish pressure may extend the downtrend, leading to greater losses.
BLUR Price Analysis. Source:
TradingView
A successful recovery to $0.125 and flipping this level into support would shift the momentum. If BLUR can maintain this support, a rally toward $0.170 or higher is possible, invalidating the bearish thesis. This rebound could offer hope for those looking for a recovery.
Daddy Tate (DADDY)
DADDY experienced a 30% drop during the intra-day low today, forming a new all-time low at $0.0317. Initially gaining traction as a meme coin backed by Andrew Tate, its price has since faced significant losses. This sharp decline signals increased uncertainty around the token’s future performance.
Despite the steep drop today, DADDY had already been on a downtrend for the past three weeks. After failing to secure the $0.0680 support level, the altcoin continued its slide. A sustained decline could push the meme coin closer to $0.0300, amplifying investor concerns.
DADDY Price Analysis. Source:
TradingView
Reclaiming $0.0459 as support would invalidate the bearish outlook for DADDY. If the meme coin successfully flips this level into support, it could signal a potential recovery. Breaking through $0.0541 would strengthen the bullish case, offering hope for a price reversal and renewed investor interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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