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Market Update: Notable Short-Term Declines Across the Altcoin Sector
The past 4 hours have seen some significant pullbacks in the altcoin space. Dusk Network (DUSK) leads the downside with a sharp 15.79% decline, now trading at $0.1115, followed by a broader sell-off across several major projects.
Celestia (TIA) dropped 2.43% to $0.5778, while Gala (GALA) fell 2.4% to $0.0075. Mid-cap assets like Injective (INJ) also retreated 2.37%, settling at $5.351. Quant (QNT) completed the top losers list with a more modest 2.05% dip to $82.48.
The divergence in magnitude—from DUSK's double-digit decline to the steadier losses in other positions—suggests selective profit-taking rather than broad market capitulation. Traders monitoring these assets should watch for support levels and potential reversal signals as the market digests recent moves.