NewsPrice Analysis

Top Losers for the Day VET Leads With 10% Followed by ZEC 8%, LEND 6%

The week began with a negative market sentiment that swung entirely bearish with BTC taking the lead. Other coins like VET, however, are not lagging in terms of daily loss. With an 8% daily loss, VET takes top position with runners up being ZEC and LEND.

Top Losers

VeChain (VET 7.8%)

VET comes first on this list. Appearing on our list for the second time in a few days, the top crypto made a considerable 7.8% loss in the past 24 hours.

vechain-charts

VET market emotions swing bearish with 40% market responded negatively. As a result, there is much possibility of a downtrend in the short term.

In the one-year timeframe, VET gained around 206% but accrues losses in all other timeframes including the last 30 days.

VET is presently trading at $0.0122 amid a market capitalization of $786 million.

Technical Points

  • Next Key resistance level at $0.0128
  • Next Key Support level at $0.0116
  • RSI fibs at 80.0 oversold

Zcash (ZEC 7.59% Loss)

For the second time this week, Zcash makes our list of top losers. The top cryptocurrency is second on this list have lost around 8% within the last 24 hours. 

Zcash Charts

The coin’s market position is quite negative with 40% of traders being bearish on ZEC. 

Within the last year, ZEC gains 29% and up by 6.4% in the last two months. The coin is currently trading at $59.45 with market cap stabilizing at $592 million. 

Technical Points

  • Short term trend is bearish
  • Next key resistance at $60
  • Next major support level at $57

Aave (LEND 6% Loss)

LEND begins weekly loss with 6% and almost 12% within the last two days which made it feature in the top losers on today’s list. 

aave-charts

LEND accomplished lustrously within the last year with a 14,432% profit. The coin made earnings last month with 39.3% and has gained around 27.4% in the last one week. The cryptocurrency is down by around 6% in the last 24 hours.

Currently changing hands at $0.547, it occurs the market sentiment is bullish in the short term. 80% of market respondents are bullish while 20% remain bearish on LEND.

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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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