The Worst-Performing Cryptocurrencies Are Falling Dramatically
Several altcoins, including FXS, XMR, WEMIX, PENDLE, and JUP, are currently at the bottom of the chart as they continue to experience a downtrend.
Frax Share (FXS)
FXS has fallen below the moving average lines after reaching a resistance zone of $11. The altcoin is now stabilizing below the moving average lines and forming indecisive candlesticks known as doji. However, it is being rejected at the 50-day SMA, indicating potential further losses. Currently, FXS is valued at $9.00.
Key Characteristics:
- Current price: $9.06
- Market capitalization: $903,039,931
- Trading volume: $28,504,855
- 7-day loss: 11.07%
Monero (XMR)
XMR has also fallen below the moving average lines after a dramatic decline from the $170 resistance level. Although it has corrected higher, it remains below the moving average lines. Currently trading at $124.86, XMR’s performance is the second worst among cryptocurrencies.
Key Characteristics:
- Current price: $125.00
- Market capitalization: $2,299,075,059
- Trading volume: $112,193,652
- 7-day loss: 10.75%
WEMIX (WEMIX)
WEMIX is falling below the moving average lines after being rejected at the $4.00 high. The altcoin is currently trading at $2.20 and is defined by doji candlesticks above the existing support. WEMIX ranks as the third worst performing altcoin.
Key Characteristics:
- Price: $2.22
- Market capitalization: $2,160,252,135
- Trading volume: $2,276,801
- 7-day loss: 4.35%
Pendle (PENDLE)
PENDLE is experiencing a smooth uptrend and has reached a high of $3.17. As long as the price bars remain above the moving average lines, the uptrend will continue. PENDLE is currently the fourth worst performing coin.
Key Characteristics:
- Price: $3.15
- Market capitalization: $817,582,133
- Trading volume: $49,180,325
- 7-day loss: 3.62%
Jupiter (JUP)
JUP is currently on a downward trend and has reached a low of $0.26. However, its decline has slowed down as it consolidates above the existing support at a trading price of $0.50. JUP ranks as the fifth worst performing cryptocurrency.
Key Characteristics:
- Current price: $0.4788
- Market capitalization: $4,794,836,434
- Trading volume: $221,689,024
- 7-day loss: 3.30%
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