Altcoins Facing Strong Rejection at Recent Highs as Bears Push Prices Down
Altcoins are experiencing a strong rejection at recent highs, with prices falling below moving average lines and entering negative trend territory. As a crypto investor, it is important to stay informed about the market movements of different altcoins to make informed decisions.
Chiliz (CHZ) Downtrend Resumes
The price of Chiliz (CHZ) has fallen below the moving average lines, signaling a continuation of its downtrend. Despite an initial upward correction, the altcoin was rejected multiple times at the $0.167 resistance level, leading to a decline in value. The current price of CHZ is $0.08089, with a market capitalization of $719,871,077 and a 7-day percentage loss of 29.77%.
Main Characteristics of CHZ:
- Price: $0.08089
- Market capitalization: $719,871,077
- Trading volume: $60,977,186
Wormhole (W) Enters Oversold Territory
Wormhole (W) has also fallen below moving average lines, dropping from a high of $1.66 to a low of $0.33. The altcoin is currently trading at $0.3714, with a market capitalization of $3,703,863,580 and a 7-day loss of 27.32%.
Main Characteristics of W:
- Price: $0.3714
- Market capitalization: $3,703,863,580
- Trading volume: $66,271,594
Akash Network (AKT) Recovers from Bottom
Akash Network (AKT) is currently trading in a bull market, with the altcoin recovering from its bottom near the $2.50 support level. The current price of AKT is $3.11, with a market capitalization of $1,209,948,047 and a 7-day loss of 27.06%.
Main Characteristics of AKT:
- Price: $3.11
- Market capitalization: $1,209,948,047
- Trading volume: $39,445,422
Starknet (STRK) Trading Near Bottom
Starknet (STRK) has fallen below moving average lines, reaching the bottom of the chart with a current price of $0.73. The altcoin has a market capitalization of $7,330,399,613 and a 7-day loss of 26.67%.
Main Characteristics of STRK:
- Price: $0.73
- Market capitalization: $7,330,399,613
- Trading volume: $87,109,970
Injective (INJ) Faces Selling Pressure
Injective (INJ) is currently facing selling pressure in a bull market, with prices dropping below moving average lines. The altcoin is valued at $21.06, with a market capitalization of $2,103,093,838 and a 7-day loss of 26.05%.
Main Characteristics of INJ:
- Price: $21.06
- Market capitalization: $2,103,093,838
- Trading volume: $143,857,088
Hot Take: Stay Informed About Market Trends to Make Informed Decisions
As a crypto enthusiast, keeping track of the market trends and performance of different altcoins is crucial for making informed investment decisions. By staying informed about the current status of various cryptocurrencies, you can navigate the volatile crypto market more effectively.
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