The worst-performing altcoins have fallen significantly, while cryptocurrencies have sunk to the bottom of the chart. Price action is defined by doji candlesticks, which form the basis for consolidation.
OFFICIAL TRUMP (TRUMP)
The price of OFFICIAL TRUMP (TRUMP) fell steeply on February 3. The price indicator predicts that TRUMP will fall before rebounding at the Fibonacci extension level of $1.272 or $18.12.
The altcoin pulled back after falling to a low of $15.86, as the price action shows. The cryptocurrency is below the moving average lines but above the $17 support. The altcoin will return to its bullish trend once it breaks above the $17 level and breaks above the moving average lines. The altcoin will rise and reach the high of $49.00 again.
TRUMP is the worst performing coin.
The current price: $17.73
Market Capitalization: $3,550,558,928.64
Trading Volume: $2,301,407,984.6
7–day loss: 40.20%
Official Melania Meme
The official Melania meme (MELANIA) price fell to a low of $1.23 after reaching the $3.46 barrier.
The altcoin retraced and held above the $2.28 support for 48 hours until it started to fall again. Since February 3, selling pressure has eased above the $1.20 support. The altcoin is oscillating above the $1.20 support and the $2.00 resistance. Once the price breaks through the $2.00 resistance, the uptrend will begin.
According to these criteria, MELANIA is the second worst performing coin.
The current price: $1.65
Market Capitalization: $796,223,298.05
Trading Volume: $205,163,932.48
7–day loss: 33.11%
dogwifhat
The sideways trending price of dogwifhat (WIF) has fallen below the moving average lines and reached the bottom of the chart. The altcoin has been drifting sideways since reaching the $4.85 mark. The drop was caused by buyers not being able to sustain the bullish momentum above the $4.50 high. The altcoin is below the moving average when it drops to $0.84. The uptrend will start if the support at $0.84 holds. The altcoin will fall back to its previous low of $0.21 if the current support is broken.
The third worst performing cryptocurrency is WIF.
The current price: $0.839
Market Capitalization: $838,547,893.76
Trading Volume: $452,999,267.74
7–day loss: 29.43%
Filecoin (FIL)
The price of Filecoin (FIL) has been decreasing since December 9, 2024. On the downside, FIL has fallen and surpassed the expected price of 1.618 Fibonacci extension or $3.76. The price of the cryptocurrency broke below the moving average and reached a low of $2.86 before recovering. The altcoin has reached the bottom of the leaderboard.
Currently, the altcoin is hovering above the $3.00 support as it corrects higher. During the recent market action, the altcoin reversed above the $3.00 support. If the current support holds, the market will resume its uptrend. FIL is the fourth worst performing cryptocurrency.
The current price: $3.33
Market capitalization: $2,093,386,968.41
Trading volume: $236,510,115.2
7-day loss: 27.96%
Arbitrum (ARB)
Arbitrum (ARB) has fallen well below the moving average lines. The decline exceeded the projected price level of 1.618 Fibonacci extension ($0.596). On February 3, the altcoin fell to a low of $0.38 before recovering. ARB has returned to the bottom of the chart, although it is still above the $0.40 support.
The altcoin is surging above its current support of $0.40. ARB is the fifth-lowest-performing cryptocurrency. It has the following characteristics:
The current price: $0.4878
Market Capitalization: $2,119,163,429.25
Trading Volume: $430,233,024.97
7–day loss: 24.54%
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their research before investing in funds.
Source: https://coinidol.com/weekly-trump-return-to-bottom/