Despite the overall crypto market's recovery, not all altcoins are seeing positive gains. While Bitcoin remains steady at $102,200, several altcoins are struggling to regain momentum and are facing sharp declines. Three altcoins have particularly experienced significant corrections and formed new all-time lows.

Animecoin (ANIME) has continued its decline shortly after being listed, hitting a new low of $0.0433. The downward trend indicates weak investor confidence and limited buying pressure, making the altcoin susceptible to further losses. There is a risk of ANIME dropping below $0.0400, emphasizing the need for price stabilization to prevent more sell-offs.

Pudgy Penguins (PENGU) witnessed a 28% decline in the last 24 hours, reaching a low of $0.0152. The continuous bearish movement suggests instability, with potential further downside risks. Reclaiming $0.0200 as a support level could reverse the bearish trend and trigger a recovery in market sentiment.

Sonic (S) – previously known as Fantom (FTM) has also been on a downtrend, forming new lows at $0.4348. The lack of sustainable support levels poses risks of further declines below $0.4348. Reclaiming $0.5149 as support could indicate a reversal in momentum, potentially restoring investor confidence in Sonic.

Overall, these altcoins are navigating challenging market conditions, with potential opportunities for recovery if key support levels are reclaimed. Investors are advised to monitor these altcoins closely for any signs of a turnaround.