Cryptocurrencies continue to struggle with downward correction. The upside moves are constrained by the moving average lines, indicating a further decline in cryptocurrency. Some of the altcoins are forced to rangebound as buyers and sellers reach a stage of indecision.
Цхилиз
The price of Chiliz (CHZ) is in a sideways movement after failing to break the overhead resistance at $1.00. The altcoin has dropped below the moving average lines as it resumes its sideways movement. CHZ has been fluctuating between the price levels of $0.10 and $0.50. The cryptocurrency has not moved and broken these levels in recent months.
Now, buyers tried to keep the price above the moving average lines but were rejected. On the upside, a break above the $0.50 resistance will catapult the altcoin above the $1.00 overhead resistance. Meanwhile, the altcoin is below the 80% area of the daily stochastic. It is in a bearish momentum. Altcoin is the cryptocurrency asset with the lowest performance this week. It has the following characteristics:
Цена: $ КСНУМКС
Тржишна капитализација: 2,114,045,693 УСД
Обим трговине: $293,421,002
7-дневни губитак: 9.60%
Лидо ДАО
Lido DAO (LDO) is in a sideways trend as it drops below the moving average lines. The cryptocurrency has been in a sideways trend since August 13 after reaching a peak price of $3.10. It is trading between the price levels of $1.55 and $2.50. Since September 25, the price movement has stagnated below the moving average lines. The price movement is characterized by small indecisive candles called doji. These candlesticks indicate that buyers and sellers are in a phase of indecision. The cryptocurrency is trading at $1.60 at the time of writing.
Lido DAO is at level 40 on the Relative Strength Index for period 14, indicating that it is in a downtrend area but has resumed a sideways trend. However, LDO is the cryptocurrency with the second worst performance this week. It has the following characteristics:
Тренутна цена: 1.60 УСД
Тржишна капитализација: 1,598,809,383 УСД
Обим трговине: 24,675,447 УСД
7-Day loss: 7.42%
Цронос
The price of Cronos (CRO) is in a downtrend, but has fallen below the moving average lines after a recent rejection. The upward correction was rejected at the high of $0.125.
Meanwhile, the downtrend from September 26 has shown a candle body testing the 61.8% Fibonacci retracement level. The retracement suggests that CRO will fall to the Fibonacci extension level of 1.618 or $0.10. In the meantime, the altcoin is below the 50% area of the daily stochastic. The market is in a bearish momentum. It is the cryptocurrency asset with the third worst performance this week. It has the following characteristics:
Тренутна цена: 0.111 УСД
Тржишна капитализација: 3,358,500,016 УСД
Обим трговине: $21,520,823
7-дневни губитак: 7.11%
целзијус
Celsius (CEL) is in a downtrend and is dropping below the moving average lines. In the last price action, the cryptocurrency rose to a high of $4.00, but failed to continue the uptrend. The coin is in a sideways movement, fluctuating between $1 and $2.50, and the uptrend will resume when the bulls break the resistance at $2.50. In the meantime, the upward movement is doubtful as the market is characterized by doji candlesticks. The sideways movement will continue as long as doji candlesticks dominate the price action. The altcoin is below the 40% area of the daily stochastic. The market is in a bearish momentum. It is the cryptocurrency asset with the fourth worst performance this week. It has the following characteristics:
Тренутна цена: 1.40 УСД
Тржишна капитализација: 973,941,632 УСД
Обим трговине: $6,274,497
7-дневни губитак: 6.27%
Стеллар
The price of Stellar (XLM) is in a downtrend and has dropped significantly. The cryptocurrency has been in a downtrend for several months. It fell to the low of $0.10 and consolidated back above it. Currently, the price of the cryptocurrency is trading between the moving average lines. The altcoin performs when the moving average lines are broken.
Meanwhile, the downtrend from September 23 has shown a candle body testing the 50% Fibonacci retracement level. The retracement suggests that XLM will fall to the 2.0 level of the Fibonacci extension, or $0.103. Stellar is at the 53 level of the Relative Strength Index for the 14 period, indicating that it is in the upward zone and could continue to rise. Stellar is the cryptocurrency with the fifth worst performance this week. It has the following characteristics:
Тренутна цена: 0.1144 УСД
Тржишна капитализација: 5,719,356,020 УСД
Обим трговине: 187,568,082 УСД
7-дневни губитак: 5.28%
Одрицање од одговорности. Ова анализа и прогноза су лично мишљење аутора и нису препорука за куповину или продају криптовалуте и не треба их посматрати као подршку од стране ЦоинИдола. Читаоци би требало да сами истраже пре него што инвестирају у фондове.
Source: https://coinidol.com/altcoins-struggle-with-downward/