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LINK, XTZ, MIOTA Record Losses As Markets Swing Bearish


Chainlink [LINK] and many other altcoins today are taking the brunt of the force between YFI and BTC. The crypto markets are experiencing a massive plunge which in turn, is causing a general downtrend among cryptos of different classes. 

Also featured in today’s top losers, we analyze Chainlink. This valuable crypto which has already attained more than 105% gain within the last one month is documenting some losses this time around.

ChainLink (LINK 11.9% Loss):

The Coin is up by over 560% in the last year and up to 105% within the last month. Although it lost 0.6% in the last hour, LINK is also negative in the daily timeframe.

Technical Indicators

  • Next major resistance at $17.0
  • Next major support level at $16.0
  • Resistance Strength Index joined the 80.0 overbought condition and may ride prices down in a reasonable correction.

LINK is trading at $16.8 and its market cap is fluctuating around $4.0 billion.

#2. Tezos (XTZ 10% Loss):

Tezos is changing hands at $3.85 with extra downtrend obvious in the short term. The coin nurtures a good market emotion as traders swing bullish, driving its price towards higher heights.

Tezos (XTZ 10% Loss)

Tezos is down 12% in the past 24 hours. In the 2-week timeline, however, the coin has progressed by about 18.5% while it also recorded around 220% in the yearly scale.

Technical points

XTZ/USD 24-hour graph indicates three important resistance levels. The first exists at $3.80 while the next lies immediately upwards at $4.0. As prices tried to break out of those two zones, the following resistance at $4.0 proved a bit difficult as prices fell flat to break the level.

  • Next major resistance lies at $3.8
  • Next major support lies at $4.0
  • The Resistance Strength Index has penetrated the 80.0 RSI level and may cause a retracement shortly.

#3. IOTA (MIOTA 9.1% Loss):

MIOTA is the last coin in this classification our top loser’s roster of the day. The top loser is down by 9.1% in the last 24 hours. The coin’s market sentiment is almost entirely bullish with 90% positivity.

#3. IOTA (MIOTA 9.1% Loss):

MIOTA is still up by nearly 60% since last year and up by 1.0% since the last hour. However, the coin improved by 52.5% within the last month and is up by around 2.7% in the last seven days.

MIOTA is currently trading at $0.377 with its 24-hour market cap stable at $1 billion. In addition, the coin’s exchange volumes within the last day are $30 million.

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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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