The worst-performing cryptocurrencies are in varied phases of decline.
Some altcoins hold slipped into oversold territory available in the market. Others are correcting upwards as cryptocurrency costs strategy back from their most modern decline.
dogwifhat
The value of dogwifhat (WIF) has persisted to descend however has reached bearish exhaustion. On August 5, the altcoin fell to a low of $1.07 sooner than bettering. After peaking at $4.85, the altcoin is in decline. The cryptocurrency fell after investors did no longer care for it above the $5.00 resistance degree. If the present strengthen of $1.00 holds, the altcoin will alternate in a differ of $1.00 to $5.00.
Within the period in-between, WIF is bearish and drawing shut the present strengthen degree of $1.00. WIF is currently value $1.33. This is the 2nd week when WIF will get in Coinidol.com worst performers checklist.
Last week WIF become the worst performing altcoin.
The present set up: $1.34
Market capitalization: $1,340,357,355
Trading volume: $246,369,449
7-day loss percentage: 20.22%
Sui
Sui (SUI) is slipping below the transferring common traces. The cryptocurrency has fallen into the oversold territory of the market. SUI fell to a low of $0.46 sooner than bettering. The altcoin reversed higher and broke out above the transferring common traces, reaching a high of $1.11. Investors hold did no longer sustain the bullish momentum above the most fresh high. The cryptocurrency has pulled back above the transferring common traces, indicating a persisted upward motion. SUI will descend if the set up drops below the transferring common traces.
SUI is now value $0.83. It is the 2nd lowest performing cryptocurrency.
The present set up: $0.8267
Market capitalization: $8,266,367,411
Trading volume: $200,759,429
7-day loss percentage: 11.90%
Celestia
The value of Celestia (TIA) has fallen considerably. The altcoin fell from a high of $21 to a low of $4.85. The selling stress has resulted in bearish fatigue because the set up hovers above the $4.00 strengthen. Since July 5, the altcoin’s plod has slowed and the set up has fluctuated between $4.00 and $7.00. At the moment time, the altcoin is slipping because the bears retarget the present strengthen degree of $4.00. TIA will resume a determined building if investors care for the set up above the $7.00 resistance degree. TIA is the third worst performing coin in response to these metrics.
The present set up: $4.85
Market Capitalization: $5,163,106,480
Trading Volume: $57,931,186
7–day loss: 10.32 %
Bonk
Bonk (BONK) is in a sideways building and trading below the ceiling of $0.00003500. The above resistance has been retested three instances all during the sideways building. Investors hold no longer resumed the uptrend above the most fresh high. The cryptocurrency falls below the transferring common traces every time the overhead barrier is retested. BONK is falling below the transferring common traces and drawing shut the present strengthen degree of $0.00001500. The sideways motion will proceed if the present strengthen holds. The value motion is determined by the doji candlestick, which is slowing down the set up motion.
This is the fourth worst performing cryptocurrency. There are plenty of key substances right here.
The present set up: $0.00001737
Market Capitalization: $1.61B
Trading Volume: $96.54M
7–day loss: 9.69%
Ondo
Ondo (ONDO) is in a downtrend after reaching resistance at $1.40. The value of the cryptocurrency asset has fallen to $0.67, matching its old low of April 30. The altcoin has returned to its historical set up of April 30.
On August 5, the altcoin hit a low of $0.50 sooner than bettering to its historical set up of $0.68. If the present strengthen degree holds, the uptrend will resume. Within the period in-between, the altcoin is trading above $0.64 however below the transferring averages. The uptrend will resume as soon as the set up breaks above the transferring common traces. ONDO is the fifth worst performing coin.
The present set up: $0.6823
Market Capitalization: $6,824,654,021
Trading Volume: $Seventy 9,992,951
7–day Loss: 9.61%
Disclaimer. This diagnosis and forecast are the non-public opinions of the author. They get no longer appear to be a advice to aquire or sell cryptocurrency and can fair aloof no longer be considered as an endorsement by CoinIdol.com. Readers could per chance per chance also fair aloof enact their review sooner than investing in funds.
