NewsPrice Analysis

Top Cryptos Losing Value: BAND 11.7%, SNX 9.88%, LEND 9.38%


The crypto markets are trying to maintain a dynamic equilibrium. With BTC hovering around the $10,400 mark, alternate ups and downs have kept the market pace at a considerable level. No particular set of cryptos today take the lead. Most, including BTC, smart contracts, defi and other types of altcoins are almost behaving in very random manners. 

#1. Band Protocol (BAND 11.8% Loss):

Band trading

BAND makes the first position on our top losers’ list. The coin is down by around 11.78% in the last one day.

Around 35% of respondents are bearish on BAND and the coin gears up for some more losses in the short-term.

The price record is unimpressive. Starting from the one month longer term of 39% loss, BAND has drowned by roughly 15% within the last week. Accordingly, there has been around 1% loss since the last hour.

Current price of BAND is $8.30 as the coin continues to document a lower market cap at around $168 million.

Technical Points

  • Prices slipped through support at $8.4
  • Next level of major Support at $8.2
  • Next key resistance remains at $8.6

#2. Synthetix Network Token (SNX 9.88% loss):

SNX trading

SNX grabs second place in this wave of top losers’ list. The coin lost around 9.88%.

SNX obtained some loss occasionally within the month. The coin dipped by 12.6% within the last 30 days. In the 14-day timeframe, as well, SNX lost around 26% but still gains roughly 1,151% within the last year.

Technical Points

Prices spiked through the $5.0 $5.2 and $5.4 level comfortably. Building a string of weak support at 5.2, SNX plunged through $5.4 level. With the immediate support at $5.3 the next key support lies at $5.2

  • Next key support at $5.2
  • Next key resistance at $5.5
  • RSI broke through the 70.0 level upwards. A little retracement to 50.0 is imminent.

#3. Aave (LEND 9.38% Loss):

Lend price chart

LEND takes the third position of top losers on today’s list. The coin is down by almost 9.38% since yesterday.

LEND executed brilliantly within the last year with a 15,810% revenue. The coin earned incomes last month with 45.4% and has gained around 12.50% within the last seven days. The coin is down by almost 10% in the last 24 hours.

Currently trading at $0.667, it occurs the market attitude is bullish in the short term. 87% of market respondents are bullish while 13% remain bearish on LEND.

Technical Points

  • Key resistance level at $The next
  • Next major support lies at $0.660
  • RSI plummets towards the 50.0 area. 
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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.

Dare Shonubi

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

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