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. 

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#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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Dare Shonubi

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

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