Weekly Cryptocurrency Market Evaluation: Altcoins Will Proceed Their Downward Development as Bears Maintain Promoting

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Sep 17, 2022 at 10:30 // WorthOpens in a new tab.

Bit­coin has dropped to the psy­cho­log­i­cal val­ue stage of $20,000. The most impor­tant cryp­tocur­ren­cy failed to remain with­in the over­bought area of the mar­ket. Sell­ers appeared with­in the over­bought area to renew pro­mot­ing stress.

Equal­ly, alt­coins are falling again to the ear­li­er lows after fail­ing to inter­rupt their respec­tive cur­rent highs. Allow us to talk about the under­per­form­ing cryp­tocur­ren­cies intimately: 


Helium

The val­ue of Heli­um (HNT) is in a down­trend, drop­ping to the low of $4.06. The cryp­tocur­ren­cy is retest­ing the present assist from August 29. The down­trend will pro­ceed if the present assist is dam­aged. How­ev­er, HNT is retest­ing the his­toric val­ue stage from Feb­ru­ary 15, 2021. In Feb­ru­ary 2021, the val­ue stage of HNT was held because it resumed its uptrend. In the present day, the cryp­tocur­ren­cy asset has fall­en into the over­sold zone of the mar­ket. In the mean­time, the alt­coin is under the 20% space of the every day sto­chas­tic. The mar­ket has reached the over­sold space. Addi­tion­al pro­mot­ing stress is unlike­ly. It’s the cryp­tocur­ren­cy asset with the bot­tom effi­cien­cy this week. It has the next traits: 

HNTUSD( Weekly Chart) - September 14.png

Worth: $4.15

Mar­ket cap­i­tal­iza­tion: $914,129,002

Buy­ing and sell­ing quan­ti­ty: $21,501,400 

7‑day loss: 22.36%


EOS

EOS (EOS) is in a down­trend because the bears attempt to break under the shift­ing com­mon strains. The uptrend couldn’t be sus­tained as patrons have been reject­ed on the $1.80 resis­tance stage. Pro­mot­ing stress will resume if the val­ue breaks under the shift­ing com­mon strains. EOS is under the 20% space of the every day sto­chas­tic. The mar­ket has reached the over­sold space. Pro­mot­ing stress could also be eas­ing. EOS, nonethe­less, is the cryp­tocur­ren­cy with the sec­ond worst effi­cien­cy this week. It has the next traits: 

EOSUSD(Daily Chart) - September 14.png

Worth: $1.42

Mar­ket cap­i­tal­iza­tion: $1,506,287,492

Buy­ing and sell­ing quan­ti­ty: $406,901,002 

7‑day loss: 14.04%.


Lido DAO

The val­ue of Lido DAO (LDO) resumed its down­ward cor­rec­tion as the val­ue falls under the shift­ing com­mon strains. The cryp­tocur­ren­cy was before­hand in an uptrend, how­ev­er the upward motion was ter­mi­nat­ed on the $3.00 resis­tance stage. It’s believed that the uptrend has end­ed as the val­ue falls under the shift­ing com­mon strains and the uptrend line. Lido DAO is more like­ly to fall down­wards. It may fall addi­tion­al to the low of $1.40. In the mean­time, the alt­coin is under the 20% space of the every day sto­chas­tic. The mar­ket has reached the over­sold space. The pro­mot­ing stress is more like­ly to ease. It’s the cryp­tocur­ren­cy asset with the third worst effi­cien­cy this week. It has the next traits: 

LDOUSD(Daily Chart) - September 14.png

Worth: $1.70

Mar­ket cap­i­tal­iza­tion: $1,698,208,154

Buy­ing and sell­ing quan­ti­ty: $113,001,720 

7‑day loss: 8.53%


Curve DAO Token 

Curve DAO Token (CRV)) Worth is in a down­ward cor­rec­tion as the val­ue breaks under the shift­ing com­mon strains. The cryp­tocur­ren­cy asset was before­hand in an uptrend when it reached the exces­sive of $1.58. The uptrend end­ed when the val­ue broke under the shift­ing com­mon strains. How­ev­er, the alt­coin will pro­ceed to say no because it faces a rejec­tion of the cur­rent exces­sive. On Sep­tem­ber 11, the alt­coin con­front­ed one oth­er rejec­tion as pro­mot­ing stress resumed. In the mean­time, the August 20 down­trend has proven a can­dle physique test­ing the 61.8% Fibonac­ci retrace­ment stage. The retrace­ment means that CRV will fall to the 1.618 Fibonac­ci Exten­sion stage or $0.67. The alt­coin is at stage 45 of the Rel­a­tive Pow­er Index for the inter­val 14, indi­cat­ing that it’s in a down­trend and will pro­ceed to fall. It’s the cryp­tocur­ren­cy asset with the fourth worst effi­cien­cy this week. It has the next traits: 

CRVUSD(Daily Chart) - September 14.png

Worth: $1.03

Mar­ket cap­i­tal­iza­tion: $3,412,950,971

Buy­ing and sell­ing quan­ti­ty: $117,564,813 

7‑Day loss: 8.51%


Synthetix

Syn­thetix (SNX) is in a down­trend because the alt­coin is expe­ri­enc­ing a rejec­tion on the 21-day line SMA. Because of this, SNX is weak to a dif­fer­ent down­trend. In July and August, patrons tried to main­tain the val­ue above the high­er resis­tance of $4.00, how­ev­er have been reject­ed. In the present day Syn­thetix fell under the shift­ing com­mon strains and resumed its down­trend. In the mean­time, the August 20 down­trend has proven a can­dle physique test­ing the 61.8% Fibonac­ci retrace­ment stage. The retrace­ment means that SNX will fall to the 1.618 Fibonac­ci exten­sion stage or $1.58. The val­ue motion exhibits that the alt­coin is falling again to the ear­li­er low of June 18. The alt­coin is at stage 38 of the Rel­a­tive Pow­er Index for the inter­val 14, indi­cat­ing that it’s in a down­trend and will pro­ceed to fall. It’s the cryp­tocur­ren­cy asset with the fifth worst effi­cien­cy this week. It has the next traits: 

SNXUSD(Daily Chart) - September 14.png

Worth: $2.64

Mar­ket cap­i­tal­iza­tion: $769,444,665

Buy­ing and sell­ing quan­ti­ty: $58,074,818 

7‑day loss: 9.31%

Dis­claimer. This eval­u­a­tion and fore­cast are the non-pub­lic opin­ions of the cre­ator and will not be a sug­ges­tion to pur­chase or pro­mote cryp­tocur­ren­cy and shouldn’t be con­sid­ered as an endorse­ment by Coin Idol. Read­ers ought to do their very own analy­sis ear­li­er than invest­ing in funds. 

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