Altcoins Are Ready For A Rally At The Bottom Of The Chart

Altcoins Are Ready For A Rally At The Bottom Of The Chart


May 07, 2025 at 08:56 // News

The altcoins listed below are the cryptocurrencies that have performed the worst this week.


Cryptocurrencies are facing rejection from their recent highs, causing altcoins to fall to the bottom of the chart. Altcoins have started to move sideways while at the bottom of the chart.

OFFICIAL TRUMP


OFFICIAL TRUMP (TRUMP) has fallen below the moving average lines after hitting a high of $16.43. The altcoin has fallen between the moving average lines and reached the low of $10.92. It will be forced to make a move between the moving averages if the support at $10 holds.


On the downside, TRUMP will fall to the low of $8.00 if the downtrend breaks below the moving average lines. The price of the cryptocurrency is trading above the 50-day SMA support but below the 21-day SMA resistance and will resume an uptrend above the 21-day SMA resistance. The worst performing cryptocurrency, TRUMP, has the following characteristics.


The current price:$11.05


Market capitalization: $2,208,111,571.95       



Trading volume: $804,182,285.44


7–day loss: 16.86% 


TRUMPUSD_(Daily Chart) – May 5.jpg

Worldcoin


The price of Worldcoin (WLD) has returned to the bottom of the chart. It traded above the low of $0.59 before rising again. WLD rallied and broke above the moving average lines to reach the high of $1.25.


However, buyers could not sustain the bullish momentum above the recent high and the price fell below the moving average lines. Today, WLD is trading above the 50-day SMA support but below the 21-day SMA barrier. The altcoin will resume its uptrend if it breaks above the 21-day SMA. WLD will return to its low price if it falls below the 50-day SMA.


The current price: $0.8890


Market capitalization: $1,192,858,670.52


Trading volume:  $178,148,655.6


7–days loss: 18.71% 


WLDUSD_(Daily Chart) – May 5.jpg

Ethena


The price of Ethena (ENA) is fallingafter returning to its low of $0.20. Today, the altcoin hasfallen to a low of $0.26 as it continues to slide to thebottom of the chart.


Now the decline has paused above the $0.26 support. ENA will continue its sideways movement above the $0.26 support and below the moving average lines if the current support holds. If the current support is broken, the altcoin will fall to its low price of $0.20.


The current price: $0.2666    


Market capitalization: $1,551,912,776.32


Trading volume: $104,220,936.48


7–day loss: 17.86% 


ENAUSD_(Daily Chart) – May 5.jpg

Celestia


The price of Celestia (TIA) is consolidating above the low of $2.22. The altcoin has reached the oversold region of the market. Buyers are expected to emerge to drive the price higher. The price action is characterized by doji candlesticks that are slowing down the price movement. TIA is trading above the $2.00 support and below the moving average lines.


Buyers have defended the $2.00 support since April 6, 2025. The altcoin will drop to the $2.00 low if it loses the current support.


The current price: $2.32


Market capitalization: $1,452,868,415.97


Trading volume: $57,898,879.95


7-day loss: 17.35%


TIAUSD_(Daily Chart) – May 5.jpg

Optimism


The price of Optimism (OP) has fallen beyond the lower price level. The altcoin has hit a low of $0.61. On the downside, OP will retest the previous low at $0.54 if the downward momentum continues.


Currently, OP is hovering between the support of $0.50 and below the moving average lines/resistance of $0.90.


On the downside, further downside movement of the cryptocurrency is unlikely. OP will resume the uptrend if the upward momentum is maintained above the moving average lines.


The current price: $0.6124



Market capitalization: $1,014,595,676.8



Trading volume: $134,622,756.05



7–day loss: 15.24% 


OPUSD_(Daily Chart) – May 5.jpg


Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.


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