Coinidol.com: The cryptocurrencies listed below are in a downturn and moving towards the bearish trend zone.
Altcoins are expected to continue falling while in this bearish zone. DoubleZero is the only coin that has significantly underperformed, having dropped below its lowest price threshold. Let’s examine some of these coins.
DoubleZero
DoubleZero (2Z) is in a downturn as it approaches its lowest price level. Previously, the altcoin surged to a high of $0.94 before declining sharply. Today, the cryptocurrency has fallen to a low of $0.33 and may decline further. If bearish pressure persists, the altcoin could return to its low of $0.13. DoubleZero, the worst-performing coin, has the following characteristics:
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The current price: $0.2774 -
Market capitalization: $1,159,698,213.73 -
Trading volume: $332,521,082.42 -
7–day loss: 36.13%
Pump.fun
Pump.fun (PUMP) has dropped below the moving average lines. The bearish momentum has been halted by support at the 50-day SMA. The crypto price is currently trading above the 50-day SMA support but below the 21-day SMA resistance. If the 50-day SMA support holds, PUMP will be confined to a narrow trading range. However, if the 50-day SMA support is breached, the price could fall to $0.0045 or $0.0035. PUMP ranks as the second-worst performer in the following metrics:
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The current price: $0.00441 -
Market Capitalization: $1,929,230,915.46 -
Trading Volume: $335,520,350.24 -
7–day loss: 24.20%
Plasma
Plasma (XPL) has declined significantly since reaching a high of $1.692. Buyers were unable to sustain bullish momentum above $1.70. Today, the cryptocurrency has fallen to a low of $0.70. If selling pressure continues, the altcoin may reach its lowest point at $0.39. XPL is ranked third on our list of the worst-performing coins.
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The current price: $0.446 -
Market capitalization: $1,301,438,537.38 -
Trading volume: $1,194,636,865.19 -
7–day voss: 19.08%
Aster
The price of Aster (ASTER) is declining but moving sideways. The cryptocurrency’s price has dropped from a peak of $2.42 to a low of $1.52. It is currently hovering above the $1.50 support, awaiting the next trend direction. However, a breach below the $1.50 support level will push the altcoin down to $1.28. ASTER is ranked as the fourth-worst cryptocurrency in our rankings.
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The current price: $1.37 -
Market capitalization: $2,770,346,039.61 -
Trading volume: $1,630,408,170.79 -
7–day loss: 15.95%
Ethena
Ethena (ENA) is falling below the moving average lines in a sideways pattern. Previously, the altcoin was in a sideways trend below the $0.85 level. The ENA price has dropped and is approaching the $0.50 support. The upward trend will resume if the current support level of $0.50 holds. If this support is breached, ENA will fall to $0.40. ENA is ranked as the fifth-worst cryptocurrency and has the following features:
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The current price: $0.418 -
Market capitalization: $3,966,162,241.59 -
Trading volume: $313,910,517.45 -
7–day loss: 12.85%
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/weekly-after-hitting-resistance/