Altcoins Lack Strength and Enter Bearish Trend Zone

The weakest-performing altcoins lack the strength to sustain a bullish trend, as they encounter selling pressure at higher price levels.

These altcoins have been rejected at their most recent highs, with most returning to the lower end of the chart.

MemeCore

MemeCore’s (M) price is falling below the moving average lines. The cryptocurrency has established support at $1.20 and is attempting to rebound. Bullish momentum was halted twice at the $1.40 level. The altcoin is now declining towards its current support at $1.20. If the altcoin falls and holds above the $1.20 support, it will be forced to trade within a range. If this support is breached, the price may drop further to $0.42.

Currently, the altcoin is moving towards its support level of $1.20. M is the lowest-performing altcoin.

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  The current price is $1.35.

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  Market capitalization: $1,406,780,699.15

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  Trading volume: $34,217,325.09

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  7–day loss: 28.66% 

Zcash

Zcash’s (ZEC) price has dropped below the moving average lines, reaching a low of $347. Price predictions indicate that the bearish momentum will continue until it reaches $261. ZEC is approaching the market’s oversold level, where buyers are expected to emerge and push prices higher.

Meanwhile, the altcoin continues to trend downward towards the anticipated price level. Zcash ranks second-lowest by these metrics.

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  The current price: $353.87

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  Market capitalization: $5,805,915,297.39

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  Trading volume: $1,311,767,880.49

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  7–day loss: 24.66% 

Starknet

Starknet’s (STRK) price is falling below the horizontal moving average lines. Selling pressure has decreased to a low of $0.119. The decline is expected to continue until the price reaches $0.100.

Since August, the bottom price has remained stable as the altcoin resumes consolidation. Doji candlesticks characterise the price action, indicating that the altcoin is trading within a range. The altcoin has remained range-bound, trading above the $0.100 support and below the $0.160 resistance. STRK ranks third on our list of the worst-performing coins.

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  The current price: $0.1182

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  Market capitalization: $566,392,829.63

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  Trading volume: $132,320,554.42

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  7–day loss: 16.96%

Aptos

Aptos’ (APT) price is falling below the downward-sloping moving average line. The cryptocurrency has dropped to a low of $1.83, surpassing its previous low of $3.00. APT has fallen significantly into the oversold category. Buyers are likely to gravitate towards the lowest price point.

Currently, the price action is characterised by small, indecisive candles known as Doji. As a result, the altcoin is now moving within a limited range. APT is the fourth-worst cryptocurrency in our rankings.

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  The current price: $1.82

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  Market capitalization: $1,344,002,587.38

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  Trading volume: $159,527,742.52

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  7–day loss: 12.84%                   

KuCoin

KuCoin Token (KCS) is falling below its upward-moving average. The cryptocurrency was rejected twice at the $16 level and has fallen to a low of $9.28. The altcoin is approaching its previous lows of $7.19 and $6.29. The bottom of the chart features extended candlestick wicks, which suggest significant buying pressure at lower prices. The decline could stall above the $8.00 price level.

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  The current price: $9.19

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  Market capitalization: $1,192,306,828.04

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  Trading volume: $12,247,962.03

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  7–day loss: 8.37%

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is 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.