The lowest-performing cryptocurrencies are trading in the negative trend zone and near the bottom of the chart.
Altcoins face a further decline while in the negative trend zone.
Dash
Dash (DASH) is in decline as it falls below the 21-day SMA support. However, buyers are attempting to purchase the dip. DASH will rise and return to its previous high of $120 if buyers sustain the price above the 21-day SMA barrier. If DASH falls below the 21-day SMA barrier, it will drop much further, below $50 or the 50-day SMA support. The lowest-performing currency, DASH, has the following characteristics:
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The current price: $70.37 -
Market capitalization: $879,028,328.59 -
Trading volume: $257,684,334.91 -
7–day loss: 29.51%
UNUS SED LEO
The UNUS SED LEO (LEO) price has dropped significantly below the moving average lines. LEO plummeted to $8.67 before recovering. The cryptocurrency is correcting upwards but has become stuck at the 21-day SMA barrier. The long candlestick wicks point to the 21-day SMA barrier, indicating significant selling pressure at the recent peak. If LEO falls below the 21-day SMA level, it will be forced to trade in a range above $8.70. A break above the moving average lines will push the cryptocurrency to its previous high of $9.70. In the meantime, the cryptocurrency is trading below its previous high.
LEO is the second poorest in the following metrics:
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The current price: $9.23 -
Market capitalization: $8,517,104,249.03 -
Trading volume: $1,353,449.9 -
7–day loss: 27.10%
Canton
The price of Canton (CC) fell to a low of $0.093 as bulls bought the dips. The cryptocurrency is correcting higher but has stalled at its high of $0.14. A break above the $0.14 high would take the cryptocurrency to its previous high of $0.19. In the meantime, the cryptocurrency is trading below the resistance level of $0.14. Canton ranks third on our list of the worst-performing coins. Some of the most significant criteria are listed below.
The current price: $0.1830
Market capitalization: $4,587,700,309.62
Trading volume: $77,787,989.46
7–day loss: 16.41%
Decred
Decred’s (DCR) price has remained above the moving average since the recent price increase. The cryptocurrency asset is currently trading above the moving average lines but below the $44 resistance level. An upward surge will begin if buyers maintain bullish momentum above the $44 high, and the cryptocurrency will reach its previous high of $69. The extended candlestick wicks indicate significant selling pressure at the most recent peak. DCR is the fourth-worst cryptocurrency in our rankings.
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The current price: $35.41 -
Market capitalization: $606,199,295.79 -
Trading volume: $30,153,914.77 -
7–day loss: 7.96%
Jupiter
The price of Jupiter (JUP) has resumed its sideways trend, falling below the moving average lines. On the chart, the cryptocurrency asset is trading at the bottom, below the moving average lines and above the $0.33 support. Doji candlesticks, which have small bodies and indicate uncertainty, are evident in the price action. The moving average lines have impeded the upward movement since October 10. The cryptocurrency will rise to the highs of $0.55 and $0.68 if it breaks above the moving average lines. JUP is the fifth-worst cryptocurrency.
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The current price: $0.3478 -
Market capitalization: $1,119,692,116.09 -
Trading volume: $43,898,601.71 -
7–day loss: 1.82%
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-altcoins-negative-trend/