3 Altcoins That Reached All-Time Low Today — January 28

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Ah, the crypto market! A wild beast that dances to the tune of chaos, recovering from Monday’s sharp losses like a drunken sailor trying to find his way home. Yet, amidst this tumultuous sea, some altcoins have found themselves stranded on the shores of despair, their value sinking like a stone in a bottomless well.

BeInCrypto, with the keen eye of a hawk, has spotted three altcoins that have taken a nosedive, forming new all-time lows in the past 24 hours. Buckle up, folks! 🎢

Maga (MAGA)

MAGA has plummeted like a lead balloon over the last 12 days, dropping a staggering 74% since the day Donald Trump took the presidential throne. The once-mighty meme coin now resembles a deflated balloon, its hype fading faster than a magician’s rabbit. 🐇✨

Currently trading at a pitiful $0.00003077, MAGA has hit a new all-time low of $0.00002768, losing critical support levels like a toddler losing their favorite toy. The failure to hold these key levels has sent bearish momentum soaring, leaving investors feeling as confident as a cat in a room full of rocking chairs.

As the enthusiasm surrounding Trump’s presidency wanes, the drawdown may continue. But fear not! MAGA could turn the tide if it manages to reclaim $0.00004196 as a support level. A recovery here might just restore some investor confidence, giving the token a fighting chance to rise from the ashes. 🔥

Pudgy Penguins (PENGU)

PENGU has taken a nosedive of 28% in the past 24 hours, plummeting to $0.0176 during intraday lows, marking a new all-time low. This significant drop is a testament to the intense bearish pressure, highlighting the altcoin’s struggle to maintain any upward momentum in this merciless market. 🥶

The specter of further decline looms large as bearish market cues persist. If the selling pressure continues, PENGU could sink even lower to $0.0150 or beyond. This extended drawdown would leave investors as cautious as a deer in headlights, waiting for the storm to pass before re-entering the market.

However, if PENGU can muster the strength to reclaim the $0.0225 support level, the bearish outlook could be tossed out the window. Such a recovery might just provide the altcoin with a glimmer of hope, initiating a broader upward trend and potentially offsetting recent losses. 🌈

Sonic (S) – Previously Fantom (FTM)

The S token has hit a new all-time low (ATL) in the last 24 hours, reflecting the bearish sentiment that has followed its migration from Fantom to Sonic. The transition has not been met with the fanfare developers had envisioned, leaving the altcoin as vulnerable as a lone sheep in a wolf’s den. 🐑🐺

Currently trading at $0.488, S has formed its new ATL at $0.458 after falling below the critical support of $0.514. The breach of this level has intensified bearish momentum, with traders watching closely to see if the token can stabilize or continue its downward spiral.

If the downturn persists, S could plummet further to $0.400 or lower. But fear not, dear investors! If it can reclaim $0.514 as support, the bearish trend might just reverse, pushing the token towards $0.605 and offering a glimmer of hope for recovery. 🌟

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2025-01-28 18:16