five cryptocurrencies to keep an eye on today

The total cryptocurrency market capitalization suffered a considerable drop today, losing more than 4% of its value.

Data from CoinGecko shows that more than $138 billion left the industry in the last 24 hours, which brought the total value of all crypto assets below the $2.5 trillion mark again.

Amid this downward scenario, check out five cryptocurrencies that traders and investors should focus on this Thursday (25).

Bitcoin

With a 4% drop on the day, Bitcoin lost the $66,000 support that had been holding the price back for the past few days. Our analytics team signaled earlier this week that this would be the most likely scenario for the cryptocurrency.

If it follows the current movement and conditions of its latest chart pattern, BTC is likely to head towards the $61,000 level, which could trigger even bigger declines in some altcoins.

On the other hand, an eventual recovery could drive a new general rise in the market.

Solana

Solana, which the previous day was the best performing cryptocurrency among the largest by capitalization, was unable to maintain its upward momentum.

With a considerable devaluation of more than 8% on the day, the altcoin was once again trading below the US$150 level. Despite still being up over the last seven days, SOL is already in the red over longer periods of time. , which is worrying regarding its long-term trend.

Read more: 4 cryptocurrencies that could reach new highs in April

Toncoin

Only one cryptocurrency among the top 10 in market value operates with a greater drop than Solana today: Toncoin.

As a result, the altcoin reached a weekly devaluation of almost 15%. Furthermore, it is very close to losing the $5 support, which could generate even bigger drops in the coming days.

However, preserving this level could be the beginning of a new price jump.

Dogwifehat

Overall, Dogwifhat has been the worst performer in the cryptocurrency market today, with a staggering drop of over 16%.

Even so, WIF continues to have a positive balance of 19% in the last seven days, which indicates that the general drop may just be a correction. However, memecoin remains in the red over longer periods of time.

Tron

Few cryptocurrencies operate at a high today, with Tron being the best in this regard. With a daily appreciation of 1.4%, will TRX be able to move in the opposite direction of the market or will it soon enter a downtrend?