Altcoins

Top Cryptos Correcting Minor Losses ! What’s Next For Major Altcoins ?

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Highlights

  • The day seems to be rough for altcoins such as Cardano, Dogecoin, and Stellar.
  • Coins like Fantom, Cosmos, and Litecoin had a cheerful day.

Trends on the market charts have been rhythmic, while some coins flourish with their prices topping the daily charts. Some suffer, with prices dipping closer to their support levels. On the other hand, other coins keep up with the momentum of the previous day. Consecutively, while Dogecoin, Stellar, and Cardano suffer. Fantom, Cosmos, and Litecoin are in action.

Losers for the Day

Cardano:

The top-tier altcoin is struggling to keep pace with its fellow coins. The coin at press time is valuing at $2.13 with gains being nil for the day. The trade volume for the last 24-hours is at $1,385,979,496. While the market cap hovers around ~$68,349,809,982. ADA price has been moving along a narrow range, while the sellers seem to have an upper hand over buyers. The coin might dip further by ~4-5% if it fails to rebound.

Dogecoin:

The meme coin at press time is trading at $0.2476, with gains for the last 24-hours being negative by 4.5%. The 24-hour trading volume of the coin stands at around $2,487,422,105. While the market cap is ~$32,617,961,031. Dogecoin price has plunged to its current levels from its level of $0.2546 earlier today. The price is moving around a narrow range currently. It needs to rebound, from plummeting any further.

Stellar:

Stellar at the press time is trading at $0.375, with a dip of 2.2% from the last 24-hours. While the market cap hovers around $9,047,427,123. The trading volume for the last 24-hours stands at ~$630,260,788. The price of the coin has been falling gradually for the past few hours. However, the buyers seem to have stepped in, as the coin shows signs of retracement.

Gainers for the Day

Fantom:

Fantom at press time is trading at $2.42, with gains of around 10.7%. The trading volume for the last 24-hours stands at $710,296,346. While the market cap hovers around $6,136,933,912. The coin has surpassed its resistance level at $2.335 and experienced a slight pullback. However, the coin is rebounding from current levels.

Cosmos:

ATOM at press time is trading at $33.73 with gains of 6.7%. The 24-hour trading volume is at $456,973,331. While the market cap is around $9,572,368,763. A falling wedge pattern is visible on the charts, hinting at a bullish pace. The resistance for the coin is around $34.3 to $34.5.

Litecoin:

Litecoin price is trading at $188.89 with gains of 4.1%. The trading volume for the last 24-hours is at $2,459,499,459. While the market cap hovers around $12,995,732,571. A cup and handle formation can be seen on the charts. The coin might possibly head towards its resistance level of $215 if things fall into place. While $200 remains the threshold level.

While some coins have returned exponentially, others have deterred. Hopefully, altcoins will follow the bullish momentum this fourth quarter.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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