Altcoins Decline and Revisit Chart Lows

The lowest-performing cryptocurrencies have fallen to the bottom of the chart.

MNT, FLR, and AERO have dropped to the lowest rankings. Altcoins are likely to attract buyers at their lowest price points.

Sky

Sky (SKY) has fallen below the moving average lines but is being supported by the 50-day SMA. The altcoin is trading above the 50-day SMA support but below the 21-day SMA resistance. If the 50-day SMA support is breached, the altcoin may depreciate further to a low of $0.041. SKY will resume its bullish trend if it breaks above the 21-day SMA resistance. SKY is currently the lowest-performing altcoin.

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  The current price: $0.05753

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  Market capitalisation: $1,320,705,014.74

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  Trade volume: $13,764,346.83

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  7-day loss: 12.24%

Flare

Flare (FLR) has dropped significantly to the bottom of the chart. The coin is nearing its lowest price at $0.0081. The altcoin is likely to continue falling as it faces further rejection at its current high of $0.010. Doji candlesticks are slowing the price movement. Buyers are expected to enter the market once it reaches oversold territory.

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  The current price: $0.01026

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  Market capitalisation: $833,013,271.23

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  Trading volume: $11,225,072.55

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  7-day loss: 8.02%

Mantle

Mantle (MNT) has fallen below the moving average lines and is approaching the bottom of the chart. The cryptocurrency is nearing its recent low of $0.862. Since 21 November, the altcoin has rebounded from its price of $0.862. On the downside, if bears break below the $0.862 support, the altcoin could fall to its lowest price of $0.692.

MNT ranks third-lowest in our ranking of the worst-performing coins. 

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  The current price: $0.9601

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  Market capitalisation: $3,123,623,390.38

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  Trade volume: $44,737,830.04

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  7-day loss: 6.94%

Internet Computer

The Internet Computer (ICP) price has fallen below the moving average lines. The cryptocurrency dropped to its lowest price of $2.74 and is now trading sideways above the $2.80 support. The price has stabilised below the horizontal moving averages. Doji candlesticks are slowing price movements and reflect traders’ uncertainty about the market direction. ICP ranks as the fourth-poorest coin in our rankings.

Aerodrome Finance

The price of Aerodrome Finance (AERO) has dropped significantly as it nears the bottom of the chart. The cryptocurrency has plummeted to a low of $0.40 and, at $0.31, is approaching its lowest price. The altcoin has reached an oversold level, where buyers are expected to be attracted. The moving average lines have a downward slope, indicating a decline. AERO is the fifth-worst cryptocurrency. It has the following characteristics:

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  The current price is $0.6930.

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  Market capitalisation: $1,730,635,943.52

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  Trade volume: $105,104,864.7

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  7-day loss: 2.35%

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.