Crypto GuestPosts

After recent highs, the worst-performing cryptos are now under renewed pressure to sell.

Altcoins are now falling below the moving average line, which has accelerated their decline. Some altcoins have been stuck between moving average lines while they try to trend.

FTX Token

FTX Token is on an upward trend as it recovers its decline. The altcoin is currently below the moving-average lines. The price of the altcoin has not been able stay above $5.50. After falling to a low price of $1.44, the altcoin recovered.

The extended tail of the candlestick indicates that there is strong buying going on at $1.44. The altcoin's positive trend will continue if the price is kept above the moving-average lines. FTT is worth $2.14.

FTT, according to these characteristics is the worst altcoin of all cryptocurrencies.

The current price is $2.19

Market capitalization: $763.106.441

Trading volume: $196,155,068

7-day loss: 15.88%

Maker

Maker's (MKR), which is recovering from its previous decline, is currently on an upward trend. The upswing ended after it reached a peak of $2,265.

The altcoin failed to reach $2,200 on January 11, 2024. MKR is now below the SMA of 21 days but still above the SMA of 50 days. Moving average lines are expected to cap the price movement. The altcoin is expected to develop a new trend once the moving averages are broken. If the altcoin rallies it will go above the SMA of 21 days with an upward momentum that reaches a maximum price of $2,200.

MKR's trend will be higher if the coin breaks through its previous high of 2,200 dollars. MKR is the second-worst performing altcoin. Below are some noteworthy characteristics:

Current price: $1,959.94

Market capitalization: USD 1,971,378,313

Trading volume: $52,906,231

7-day loss: 4.29%

Mantle

Mantle's (MNT) uptrend has resumed after it crossed the historic price threshold of $0.60. The altcoin has slipped today after hitting a high of $0.85. MNT is now below the moving-average lines. The altcoin is expected to continue falling.

The price indicator predicts MNT to fall and then reverse itself at the 1.272 Fibonacci Extension or $0.52. MNT currently has a value of $0.56. MNT was rated the third-worst performer. It is characterized by the following:

Price: $0.568

Market capitalization of $3,522,528,398

Trading volume: $106,553,673

7-day loss: 4.21%

KuCoin Token

KuCoin Token KCS was on an upward trend but now has a sideways tendency. After recovering from its prior decline, the cryptocurrency was in a positive trend. KCS reached a high of $14 but was rejected. Altcoins rose above moving average lines and then entered a sideways movement. KCS is down from a high $14.00 to $9.00. The market is currently characterized by small and indecisive candles known as doji. These candlesticks are known to slow down the movement of the coin's price.

KCS has now become the fourth-worst performing cryptocurrency.

The following are its characteristics:

Price: $9.47

Market capitalization: $1.609,767.970

Trading volume: $1,639,669

7-day loss: 3.88%

Flow

After recovering from the previous dip, FLOW (FLOW), is now down again. On January 3, FLOW (FLOW) fell below the moving-average lines, but remained above support $0.71. Moving average lines have slowed the upward movement of cryptocurrency since January 3, 2024.

Altcoins are retesting their current support, which is around $0.71. This indicates that they will continue to drop. Since January 3, 2024, the current support has never been broken. FLOW will drop even further if it loses the current support. It could fall to $0.37. FLOW is currently the fifth-worst performing cryptocurrency.

The current price is $0.7068

Market capitalization: $ 1,050,737.631

Trading volume: $47,100,276

7-day loss: 3.90%

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should research the market.

Altcoins could see a further drop as the worst performing cryptocurrencies are trading in a bearish market trend zone.

Cryptocurrencies have lost their current level of support. We will discuss a few different crypto-currencies.

ORDI

ORDI has fallen below its moving average but remains above the support of $48. After reaching a peak of $91 on Jan. 2, the previous trend is over. Altcoins have been on a downward trend for the past three weeks. ORDI is still above $51 as the downward momentum has slowed. ORDI currently has a value of $56. The current support has held since December 17,2023. If the current support is maintained, ORDI's upward trend will resume. If buyers are unable to maintain the price above the high of the last few days, the price may move between $51-$66. Breaking above the moving-average lines will signal a resumption in the trend. By these measures, ORDI has the lowest performance among cryptocurrencies.

Current price: $56.50

Market Capitalization: $ 1,186,403,063

Trading volume: $187,271,077

7-day loss: 11.17%

WOO

WOO's price is currently trading below moving average lines, and it could continue to fall. Bulls bought the dips on January 23 when the altcoin dropped to $0.32. Altcoins are falling as they face further rejection. If the bears continue to fall below the $0.32 support level, the downward trend will continue until $0.23. If the current level of support holds, then the sideways trend is likely to resume. The cryptocurrency price will fluctuate between $0.32 to $0.42. The altcoin WOO is the second-worst performing altcoin. Below are some of the most striking features:

Current price: $0.3541

Market capitalization of $790.172.114

Trading volume: $13,274,065

7-day loss: 7.57%

Mantle

Mantle's (MNT) price is dropping below the moving-average lines, but remains above the $0.59 level of support. Altcoins have reached a point of bearish exhaustion, and are consolidating above $0.59. Over the last week, the price of cryptocurrency has been consolidating over the current support. According to the price indicator, if the current support level is broken, altcoins will fall lower and reverse higher than the $0.54 mark. Altcoin is currently at a low price of $0.60. MNT was rated as the third-worst performing altcoin. It is characterized by:

Current price: $0.6097

Market Capitalization: $ 3,791,705,144

Trading volume: $64,791,360

7-day loss: 7.39%

Litecoin

Litecoin's (LTC), price has dropped below the moving-average lines. Altcoins are trading within the range from $60 to $70. Litecoin now has a value of $67.69. The altcoin has now reached its highest price of $68. As the trend is established, the price of cryptocurrency will fluctuate in its range. Litecoin's price will return to a positive trend if the moving average line or $70 resistance is broken. Litecoin has the fourth-worst performance of all cryptocurrencies. It is characterized by the following:

Current price: $67.68

Market Capitalization: $ 5,683,357.372

Trading volume: $250,897,551

7-day loss: 6.49%

Astar

Astar (ASTR), which has recovered from its recent downturn, is currently on the rise. Altcoins have risen to $0.19, but adoption is still difficult at this price. Since January 3, altcoins have been fluctuating under the resistance level $0.20. If the price of cryptocurrency drops below the moving-average lines, the selling pressure will increase. The altcoin trades above the moving-averages, but below the barrier. ASTR has the lowest performance of all the cryptocurrencies.

Current price: $0.1796

Market Capitalization: $ 1,487,278,842

Trading volume: $29,067,618

7-day loss: 6.16%

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.

Binance coin's (BNB) price has fallen below moving average lines, but is still above the 50-day SMA.

BNB Price Long-Term Forecast: Bearish

The decline will continue as long as the bears do not break below the SMA of 50 days. The price decline is a result of the buyers failing to maintain the price above $340, the upper resistance level.

BNB is currently trading at a low price of $290.80. BNB's price could be stuck between moving averages if the support of the 50-day SMA holds. While the market is determining the next move, it will oscillate around the moving averages. If the current support level was breached, then the market would fall to a low price of $281.

BNB indicator display

The price bars are above the 50-day SMA but between the moving average line. The bears will gain an edge if the current support is broken. With the current decline, horizontal moving average lines tend to trend lower.

Technical indicators

Key Resistance Levels - $300. $350. $400

Key support levels - $200, $150, $100

What is next for BNB/USD?

BNB reached a low of 291 dollars on the 4-hour chart before consolidating above this level. BNB traded between the $291 level and the moving-average lines over the last 48 hours. If the current support level was breached, however, the market could drop to a minimum of $281. The support level is being retested by the long candlestick tails.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.