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.

Since the January 3, 2024 price drop, the Dogecoin price has fallen below the moving average line.

Dogecoin Price Forecast: Bearish Long-term

The selling pressure has stopped above the current level of support at $0.073. Over the last two weeks, the bears were unable to maintain their bearish momentum at the $0.070 support level.

The cryptocurrency did fall to lows as low as $0.074 or $0.075 but then corrected higher. DOGE currently trades at $0.074, below the moving-average lines. If the current support level breaks, then the market will drop above $0.070. The altcoin currently trades at $0.079.

Dogecoin indicator reading

The price bars remained below moving average lines over the last week, but price action stopped above current support. Price bars are characterized as small, unreliable candlesticks called dojis. DOGE shows a bearish cross with the 21-day SMA below the 50 day SMA.

Technical Indicators

Key Resistance Levels - $0.12 & $0.14

Key Support Levels - $0.06 and $0.05

What is the future of Dogecoin cryptocurrency?

DOGE's 4-hour chart shows a sideways movement after the January 3 price drop. The altcoin's price is hovering between $0.076 - $0.086. Moving average lines have restricted the upside. DOGE is on a downward trend as it has been rejected at the SMA 21-day.

The DOGE/USD pair was predicted to fall even further, possibly as low as $0.070. The resistance at $0.087 was resisted by the moving average line.

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 research the market.