ZkPass ($ZKP) has experienced a significant 25% price drop in the last 24 hours, marking a 35% decline since its listing on December 19. The broader altcoin market is also under pressure, with the relative strength index (RSI) hitting record lows. Analysts attribute the decline to airdrop-related selling, weak overall crypto sentiment, and a fear index currently at 24. The market is closely watching the support level near $0.135, which could indicate whether ZkPass is undergoing a temporary correction or a more prolonged downturn. The altcoin's performance reflects broader market challenges as investors remain cautious.