Altcoins Drift To The Bottom Of The Chart As Buyers Pull Back
The post Altcoins Drift To The Bottom Of The Chart As Buyers Pull Back appeared on BitcoinEthereumNews.com. Oct 17, 2023 at 05:50 // Price Five cryptocurrencies showing the biggest price fall of the week are Mantle, Rocket Pool, Conflux, Avalanche, Polygon. Cryptocurrency analysis by Coinidol.com. The cryptocurrencies shown in the chart below have fallen to their lowest levels. Given the fact that the cryptocurrency has formed a range at the bottom of the chart, further upside seems unlikely. Mantle The price of Mantle (MNT) has dropped significantly and is currently in a downtrend. The bulls crossed the moving average lines on October 2, but the 50-day line SMA held them back. For three days the altcoin was held between the moving average lines. The break of the 21-day line SMA by the bears signifies the beginning of a new downtrend. MNT is selling for $0.32 at this point. The cryptocurrency asset is oversold. It is unlikely that the cryptocurrency will fall further. Mantle is the worst performing coin due to the following characteristics: Current price: $0.3276 Market capitalization: $2,037,238,339 Trading volume: $28,993,717 7–day loss: 17.20% Rocket Pool The price of Rocket Pool (RPL) has dropped significantly and has reached the bottom of the chart. The altcoin fell to a low of $16.85 on October 13, but the bulls bought the dips. RPL made an upward correction, but the upward movement was limited by the resistance at $21 or the 21-day line SMA. If the barrier at $21 is broken, the altcoin will rise above the moving average lines. The uptrend will continue to a high of $29. If the altcoin fails to break above the moving average lines, it will fall or be forced to trade in a range between $17 and $21. RPL is the second worst cryptocurrency based on the following criteria: Current price: $20.12 Market capitalization: $397,250,307 Trading volume: $20,217,773 7–day loss: 14.35% Conflux…
The post Altcoins Drift To The Bottom Of The Chart As Buyers Pull Back appeared on BitcoinEthereumNews.com.
Oct 17, 2023 at 05:50 // Price Five cryptocurrencies showing the biggest price fall of the week are Mantle, Rocket Pool, Conflux, Avalanche, Polygon. Cryptocurrency analysis by Coinidol.com. The cryptocurrencies shown in the chart below have fallen to their lowest levels. Given the fact that the cryptocurrency has formed a range at the bottom of the chart, further upside seems unlikely. Mantle The price of Mantle (MNT) has dropped significantly and is currently in a downtrend. The bulls crossed the moving average lines on October 2, but the 50-day line SMA held them back. For three days the altcoin was held between the moving average lines. The break of the 21-day line SMA by the bears signifies the beginning of a new downtrend. MNT is selling for $0.32 at this point. The cryptocurrency asset is oversold. It is unlikely that the cryptocurrency will fall further. Mantle is the worst performing coin due to the following characteristics: Current price: $0.3276 Market capitalization: $2,037,238,339 Trading volume: $28,993,717 7–day loss: 17.20% Rocket Pool The price of Rocket Pool (RPL) has dropped significantly and has reached the bottom of the chart. The altcoin fell to a low of $16.85 on October 13, but the bulls bought the dips. RPL made an upward correction, but the upward movement was limited by the resistance at $21 or the 21-day line SMA. If the barrier at $21 is broken, the altcoin will rise above the moving average lines. The uptrend will continue to a high of $29. If the altcoin fails to break above the moving average lines, it will fall or be forced to trade in a range between $17 and $21. RPL is the second worst cryptocurrency based on the following criteria: Current price: $20.12 Market capitalization: $397,250,307 Trading volume: $20,217,773 7–day loss: 14.35% Conflux…
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