The altcoins listed here are the lowest performing coins that have fallen below the moving average lines.
The implication is that as long as they are in the downtrend zone, the price of altcoins will continue to decline. Analysis of the worst performing altcoins from the previous week by Coinidol.com.
wormhole
Wormhole (W) price is consolidating above the $0.64 support after the recent decline. In previous price action, the altcoin was in a vertical uptrend when it reached the high of $1.94. The crypto asset is declining as it reaches an overbought area of โโthe market. The price action has been stationary due to the dominance of doji candles. Wormhole is worth $0.60 at the time of writing. The altcoin is the worst performing cryptocurrency.
It has the following features:
Price: $0.5999
Market capitalization: $1,079,850,570
Trading volume: $98,095,508
7-day loss: 16.85%
Center
The price of Core (CORE) has fallen below the moving average lines. The cryptocurrency was trading in a bull market before the recent drop. CORE rallied to a high of $4.18 but sold off. The altcoin has fallen below the moving average lines. Today, CORE is worth $1.58 at the time of writing. On the downside, the altcoin is approaching the previous low of $1.20. The uptrend will resume if the previous support of $1.20 holds. Otherwise, it will fall further to another low of $0.60.
CORE is the second worst performing cryptocurrency. It has the following features:
Price: $1.61
Market capitalization: $3,374,768,431
Trading volume: $69,201,635
7-day loss: 13.86%
Helium
Helium (HNT) is in a bull market but has fallen below its moving average lines. In the latest uptrend, the altcoin rose to a high of $11 before experiencing resistance. HNT was forced to move sideways below the recent high and before its decline. The altcoin fell to a low of $3.50 as bulls bought the dips. Helium made an upward correction above the moving average lines but found further resistance at the high of $6.00.
HNT fell below the moving average lines after the recent bounce. The uptrend will resume if buyers sustain the price above the moving averages and break the $6.00 resistance. Due to these characteristics, HNT is the third worst performing coin.
Current price: $4.71
Market capitalization: $1,050,809,735
Trading volume: $13,169,128
7-day loss: 11.59%
LidoDAO
Lido DAO (LDO) price is recovering from the previous downtrend but has fallen further below the moving average lines. On April 13, the altcoin fell to a low of $1.60 as bulls bought the dips. Since April 14, the decline has stalled above the $1.85 support. Selling pressure will increase again if the bears break the current support at $1.85. LDO will retest the previous low of $1.60. The fourth worst performing cryptocurrency is LDO.
Here are some key features:
Current price: $1.77
Market capitalization: $1,770,454,664
Trading volume: $72,760,609
7-day loss: 8.16%
Optimism
The Optimism (OP) price is in an uptrend and is trading in a bull market. OP price has experienced a series of higher highs and higher lows. The altcoin is bearish after reaching resistance at $4.86. On April 13, OP fell to a low of $1.81 as bulls bought the dips. The altcoin rose above the moving average lines but was stopped by the 50-day SMA. At the time of writing, the cryptocurrency is trading at $2.54. The altcoin's uptrend will continue if buyers hold the price above the moving average lines and resistance at $3.00.
OP is the fifth worst performing cryptocurrency. It has the following features:
Price: $2.55
Market capitalization: $10,942,306,049
Trading volume: $193,344,217
7-day loss: 8.80%
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrencies and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
