The week gradually coming to an end actually marked the onset of what’s thought to be a supposed short bearish trend. As predicted, both bitcoin and many altcoins are sharing the brunt of the market brutality.
At the moment, BTC is changing hands around $11,400 while ETH seems to have retraced back to the $440 price mark. Amid the ongoing price purging among top cryptos, relatively lower market cap coins like LINK, XTZ and MIOTA are also accruing decent losses.
#1. Tezos (XTZ 9% Loss):
Tezos is trading at $3.11 with an extra downtrend apparent in the short term. The coin facilitates a poor market feeling as traders swing bearish, driving its price towards lower heights.
Tezos is down 9% in the past 24 hours. In the 2-week condition, however, the coin also lost about 15% while i recorded around 190% gain in the yearly scale.
XTZ/USD 24-hour graph demonstrates certain crucial resistance levels. The initial exists at $3.10 while the next lies instantly upwards at $3.2. As prices attempted to burst of those two zones, the following resistance at $3.4 proved a bit difficult, making XTZ price fall flat back to the $3.10 area.
- Next major resistance lies at $3.4
- Next major support lies at $3.0
- The Resistance Strength Index has penetrated the 80.0 RSI level and may cause a retracement shortly.
#2. ChainLink (LINK 8% Loss):
Also captioned in today’s top losers, we analyze Chainlink.
This precious crypto which has already fulfilled more than 60% gain within the last 30 days is filing some losses this time around.
The Coin is up by over 715% in the last year and up to 60% within the last month. Although it forfeited 0.6% in the last hour, LINK is also unfavorable in the daily condition.
- Next major resistance at $15.0
- Next major support level at $14.50
- Resistance Strength Index joined the 80.0 overbought condition and may ride prices down in a reasonable correction.
LINK is trading at $14.78 and its market cap is fluctuating around $5.6 billion.
#3. IOTA (MIOTA 7% Loss):
MIOTA is the final coin in this category of top loser’s roster of the day.
The top loser lost around 7% in the last 24 hours. The coin’s market sentiment is nearly completely bullish with 90% positivity.
MIOTA is still up by nearly 37% since last year and up by 1.0% since the last hour. The coin, regardless, was enhanced by 13% within the last month but is down by around 5% in the last seven days.
MIOTA is currently trading at $0.339 with its 24-hour market cap stable at roughly $1 billion. In addition, the coin’s exchange volumes within the last day are approximately $30 million.