Altcoin Market Slump: Buying the Dip or Running for Cover?

Several popular altcoins have experienced sharp declines in recent days, leaving investors wondering whether to take advantage of a potential buying opportunity or flee further market losses. A closer look reveals varying levels of support and resistance among Jito (JTO), TRUMP, Toncoin (TON), and Corite (CO). While the market remains volatile, some indicators suggest potential accumulation on certain assets, while others point to growing downside risk. Jito (JTO) is experiencing a notable drop in price, currently trading around $1.60 after falling 4.28% over 24 hours. The recent decline has pushed the token below its key support level of $1.53. This level remains crucial for maintaining stability, and any sustained movement above it suggests potential bullish sentiment.