The altcoins listed below have extended their downtrend and fallen below the moving average lines.
The altcoin rally has come to an end and the market is now in a downtrend. A few different cryptocurrencies are discussed.
I-KuCoin Token
The price of the KuCoin Token (KCS) has fallen below the moving average lines. At its high of USD 16, the altcoin is facing harsh rejection. The current drop is a setback for the cryptocurrency. In the previous price move, the altcoin recovered from a decline. Buyers are driving the altcoin to its previous high of $29.02.
The uptrend will continue if the buyers break above the $16 barrier. The altcoin will reach the next resistance level at $20. The altcoin is currently trading at $11.17. KCS is the worst performing cryptocurrency. It has the following characteristics:
Price: $ 11.17
Imali yemakethe: $1,900,067,674
Ivolumu yokuhweba: $4,143,721
Ukulahlekelwa kwezinsuku ezingu-7: 18.91%
T Bittensor
The price of T Bittensor (TAO) is falling below the moving average lines. The upside correction is facing another rejection at the 21-day SMA. If the buyers sustain the price above the moving average lines, the altcoin will resume its positive trend. Otherwise, the current decline will remain below the moving average lines. At this point, the altcoin is trading at $604. TAO is the second worst performing cryptocurrency. It has the following characteristics:
Price: $ 575.26
Usonhlamvukazi bemakethe: $12.080.122.460
Ivolumu yokuhweba: $64,795,732
Ukulahlekelwa kwezinsuku ezingu-7: 12.77%
I-Conflux
Conflux (CFX) is in an uptrend as it recovers from a recent decline. The altcoin rose to a high of $0.55 but then fell back. This is the second time the altcoin has encountered rejection at the $0.48 resistance level. Today, the price of the cryptocurrency has fallen below the 21-day SMA. The downside momentum will continue to the low above the 50-day SMA or the $0.35 support.
On the upside, CFX’s uptrend will resume if the resistance at $0.55 is broken. Based on these parameters, CFX is the third worst performing cryptocurrency.
Intengo yamanje: $ 0.4003
Imali yemakethe: $1,995,727,224
Ivolumu yokuhweba: $365,899,003
Ukulahlekelwa kwezinsuku ezingu-7: 10.42%
I-Akash Network
The price of Akash Network (AKT) is falling below the moving average lines. In the recent price action, the altcoin was in a bull market and broke through the overhead barrier at $2.50. Today, AKT has fallen to a low of $4.26. If the price breaks above the moving averages, the altcoin will resume its uptrend. The fourth worst performing altcoin is AKT. Here are some key characteristics:
Intengo yamanje: $ 4.25
Imali yemakethe: $1,652,710,753
Ivolumu yokuhweba: $12,791,095
Ukulahlekelwa kwezinsuku ezingu-7: 10.29%
I-Monero
Monero (XMR) sinks below the moving average lines. The cryptocurrency plunges into a downturn. On March 3, the altcoin rose to a high of $150 before being pushed back. The coin fell as it approached its previous low of $99. On the other hand, the altcoin’s upward momentum remains uncertain as it risks further rejection. The value of the altcoin now stands at $116.44. XMR is the fifth worst performing cryptocurrency. It has the following characteristics:
Price: $ 118.48
Imali yemakethe: $2,180,285,603
Ivolumu yokuhweba: $57,722,614
Ukulahlekelwa kwezinsuku ezingu-7: 9.40%
Umshwana wokuzihlangula. Lokhu kuhlaziya kanye nesibikezelo kuyimibono yomuntu siqu yombhali futhi akusona isincomo sokuthenga noma ukuthengisa i-cryptocurrency futhi akufanele kubhekwe njengokugunyazwa yi-CoinIdol.com. Abafundi kufanele benze ucwaningo lwabo ngaphambi kokutshala izimali.
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- Source: https://coinidol.com/weekly-downtrend-after-rally/
