Underperforming altcoins are still trading at the bottom of their respect charts.
Altcoins are in the bearish trend zone. Doji candlesticks have characterized the price movement as a result of traders’ indifference to the market direction.
Virtuals Protocol
The price of Virtuals Protocol (VIRTUAL)has fallen below the moving average lines.
Since June 22, selling pressure has held above the $1.26 support. The crypto price is fluctuating below the moving average lines above the $1.20 support. If the bears break the $1.20 support, the selling pressure will return. The cryptocurrency will return to its $1.00 low. If the altcoin breaks above the moving average lines, it will resume its uptrend.
VIRTUAL, the worst performing cryptocurrency, has the following characteristics:
The current price: $1.44
Market capitalization: $947,508,827.19
Trading volume: $195,384,043.66
7– day loss: 16.11%
Curve DAO Token
Curve DAO Token (CRV) also falls below the moving average lines. The altcoin is being driven to its lowest price level by bears following a sideways trend in the coin. CRV is currently at a low of $0.50. If the current support is broken, the selling pressure will continue until the price drops to $0.39.
On June 18, CRV recorded a significant decline and the altcoin continued its slide. The strong selling pressure is indicated by the long candle wick at the moving average lines.
The altcoin ranks second worst in the following metrics:
The current price: $0.5111
Market capitalization: $693,748,082.42
Trading volume: $117,431,308.12
7–day loss: 13.80%
Jito
Jito (JTO) has fallen to $1.96, below the moving average lines. If the altcoin falls below the moving average lines, the selling pressure will continue until it reaches the lowest price of $1.50. The doji candlestick, which slows down the price movement, was used to describe the market activity.
The sideways trend is indicated by the price of the cryptocurrency fluctuating both above and below the moving average lines. The sideways trend is indicated by the fact that the price of the cryptocurrency fluctuates both above and below the moving average lines.
The current price: $1.96
Market capitalization: $671,078,017.32
Trading volume: $23,372,568.54
7–day loss: 10.36%
Aerodrome
The price of Aerodrome (AERO) is rising after falling to the bottom of the chart. The price of the cryptocurrency has risen to a high of $0.90 after rising above the moving average lines. The recent spike has rejected the upside move twice. AERO is fluctuating below the $0.90 resistance but above the moving average lines. If the boundaries of the trading range are broken, the altcoin will develop a trend.
The current price: $0.7818
Market capitalization: $661,657,154.95
Trading volume: $39,409,048.82
7– day loss: 11.23%
Lido DAO
The price of Lido DAO (LDO) has dropped to the lower part of the chart. The cryptocurrency fell to a low of $0.61 before rising again. During the last price move, the altcoin traded above the $0.60 support but below the $1.10 resistance or moving average lines. Doji candlesticks dominate the cryptocurrency price, causing the altcoin to trade in a range above the existing support. The doji candlesticks show traders’ hesitation about the direction of the market.
Lido DAO is the fifth-worst-performing coin. The following characteristics apply to it:
The current price: $0.7004
Market capitalization: $628,017,686.58
Trading volume: $59,162,222.61
7– day loss: 10.36%
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.
