Altcoins STRK, DFI, MANA Struggle Below Key Moving Averages

Altcoin bears have tightened their grip on the market, with Starknet (STRK), DeFiChain (DFI), and Decentraland (MANA) all struggling below key moving averages. This indicates a bearish trend, with selling pressure dominating the market. STRK, in particular, has been deemed heavily oversold, with a Z-score reading of -1.14 indicating significant bearish influence. This suggests that a short-term rebound is possible, especially if the bulls defend the current position. However, the asset has yet to signal any trend reversal, and any sustained recovery would require a decisive move above the 50-day moving average.

DFI, on the other hand, is experiencing tremendous intraday selling pressure. The rejection of the moving averages and lower-high patterns indicates that there is no demand to buy at the current session. The token has been experiencing a continuous sequence of lower highs and lower lows throughout the session, with intraday attempts at recovery facing resistance near the 30-day and 50-day moving averages. The proximity of DFI’s current price to session lows and the prevailing negative Z-score further confirm weak market sentiment.

MANA, meanwhile, shows signs of early stabilization. It has recently rallied against the 50-day and 200-day moving averages, suggesting that it may be developing a bottom. However, confirmation using volume and potential breakout is needed. The price has remained largely below the 50-day moving average at $0.232 and the 200-day moving average at $0.242, with the shorter-term moving averages, MA7 and MA30, currently positioned at $0.230 and $0.231, respectively. This indicates a pause in selling momentum, but the trend remains inconclusive.

Overall, the technical conditions for these altcoins are worsening. All of the assets are trading beneath vital moving averages, which suggests that the selling side is at the helm. The situation is not stable, as the oversold signals of STRK and unforgiving selling of DFI show that MANA is close to recovering marginally. Traders should be wary—the volatility may be gathering under the surface. The consistent positioning of prices below major moving averages underscores a bearish market structure, with these assets having failed to break through critical resistance levels. The overall sentiment remains cautious, with STRK’s oversold Z-score warranting monitoring for a technical rebound, while DFI continues to face intense sell-side pressure with no signs of stabilization. MANA, although less volatile, has yet to confirm a reversal.