Crypto Tokens Losing Value on August 28th: BAND 10%, LEND 7%, OMG 5%

Amid an impressively looking market capitalization, however, the crypto market is providing uneven percentages of market ruins among various cryptocurrencies.

Leading the pack of losers today, we see BAND, LEND, and OMG altogether accumulating losses substantial enough to be noticed. 

Although these coins, especially LEND and OMG have listed gains in past days, they are now undergoing some price corrections. This may take a while before lines fall back in pleasant places.

#1. Band Protocol (BAND 10% Loss):

BAND is the most disappointing loser on today’s list. 

Band trading view

With 10% loss today, the coin depletes its previous gains to around 0% for the previous week.

With around 8% market pessimism, BAND delivers a narrow bearish signal and may plunge slightly further as a result.

BAND waned the prominent resistance at the $13 level and has set extra support at $12.5. 

In the condition that a price dip arises, the next level of minor support lies at $12.2. Although an upside action is most likely from here, extra resistance lies up the chart at $13.0 area.

Technical Indicators

  • Next major resistance at $13.0
  • Next major support level at $12.2
  • Resistance Strength Index returned form the 80.0 overbought condition.

BAND is now trading at $12.5 and its markets are valued at $256 million. 

#2. Aave (LEND 7.3% Loss):

LEND looks to end a weekly performance with today’s percentages. Taking a top place in this classification of top losers on today’s list, the coin losses around 8% within the last 24 hours.

LEND obtained radiant results within the last year with a 17,875% profit. The coin made revenue last month with 173% and has gained around 20.9% in the last one week. The cryptocurrency is down by around 8% in the last 24 hours.

Currently changing hands at $0.78, it happens the market emotion is bullish in the short term. 71% of market respondents are bullish while 29% remain bearish on LEND.

Technical Points

  • Key Support level at $0.75
  • Key Resistance level at $0.80
  • RSI indicator levels at the oversold levels.

#3. OMG Network (OMG 5% Loss):

After its prominent rebranding from OmiseGo, OMG is taking a top spot in the free markets. The coin is down by 5% since the last day.

OMG trading view
Show More

Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

Related Articles

Back to top button