Weekly Cryptocurrency Market Analysis: Altcoins Slump And Fall To The Bottom Of The Chart

The worst-performing altcoins have slipped below the moving average lines, while cryptocurrencies continue to fall to the bottom of the chart.

Altcoins are struggling below the moving average as they face further rejection at the moving average lines.

DeXe

The price of DeXe (DEXE) is in a sideways trend but has slipped below the moving average lines. The altcoin fell to a low of $8.48 before rising again. The cryptocurrency will resume its uptrend if buyers push it above the moving average lines. If the altcoin falls below the moving average lines, it will return to its previous low above $7.32.

The worst performing cryptocurrency, DEXE, has the following characteristics:

The current price: $10.48

Market capitalization: $878,435,561.17

Trading volume: $20,031,653.1

7– day loss: 32.06%

Stacks

Stacks (STX) falls below the moving average lines and reaches a low of $0.65. At $0.40, the altcoin approaches its lowest price. The altcoin has slipped into the oversold area of the market. The presence of doji candlesticks has led to a steady price movement. The altcoin ranks second worst in the following parameters:

The current price: $0.6566

Market capitalization: $1,004,042,585.06

Trading volume: $66,446,916.53

7–day loss: 17.03%

Raydium

The price of Raydium (RAY) is falling below the moving average lines after being rejected twice at the $3.50 mark. Buyers have failed to sustain their bullish momentum above the recent high. The altcoin is returning to its lows above the $1.50 support.

Currently, the altcoin has retraced and settled above the $2.00 support. The positive trend of the altcoin will continue once buyers push the price above the moving average lines.

RAY is ranked as the third worst performing cryptocurrency. Here are a few of its key characteristics:

The current price: $2.18

Market capitalization: $631,868,507.16

Trading volume: $36,411,067.12

7–day loss: 16.29%

Jupiter

The price of Jupiter (JUP) is falling below the moving average lines as it approaches the lower price of $0.30. The slide has stalled above the $0.44 support as the altcoin climbs higher. If the altcoin rises above the moving average lines, an uptrend will begin.

JUP will rise to a high of $0.65. If the current support at $0.44 is breached, selling pressure will continue to a low above $0.30. JUP, the fourth worst performing cryptocurrency, has the following characteristics:

The current price: is $0.4643

Market capitalization: $1,370,568,217.63

Trading volume: $37,644,592.25

7– day loss: 16.04%

Vaulta

Vaulta (A) is recovering after falling to the bottom of the chart. The cryptocurrency crashed and found support above the $0.56 level.

Today, the altcoin has reached a high of $0.597. The altcoin will fully recover if it breaks above the $0.68 level. There are long candlestick wicks above the $0.68 level. This indicates strong selling pressure at higher price levels. In the meantime, the altcoin remains near the bottom of the chart, with Vaulta ranking fifth among the worst performing coins.

The current price: is $0.5940

Market capitalization: $932,653,902.72

Trading volume: $30,670,040.98

7– day loss: 13.15%

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