The Altcoins in Cryptocurrency Analysis Today
The worst performing cryptocurrencies are either in a sideways trend or in a downtrend. This is due to the fact that the cryptocurrencies are unable to overcome the overarching resistance levels.
MultiversX (EGLD)
The price of MultiversX (EGLD) has recovered from its previous downtrend, reaching a high of $56.22 before retracing. The altcoin is pulling back after reaching a new high twice. If the current uptrend retraces and stays above the moving average lines, it could continue trading sideways between $35 and $48.
EGLD is currently priced at $42.11 with a market capitalization of $1,322,859,098 and a 7-day loss of 6.46%.
Maker (MKR)
Maker (MKR) has entered a downtrend after hitting a high of $1,648 on October 23. The current price level of $1,277 is the historical price level from September 22.
Currently, MKR is priced at $1,275.30 with a market capitalization of $1,282,462,280 and a 7-day loss of 6.54%.
Bitcoin SV (BSV)
Bitcoin SV (BSV) is declining in a sideways pattern and has reached a low of $48 after falling below the 21-day simple moving average.
The current price for BSV is $48.97 with a market capitalization of $1,028,250,703 and a 7-day loss of 3.93%.
ApeCoin (APE)
The price of ApeCoin (APE) is rising but declining after peaking at $1.60. APE has characteristics such as being priced at $1.39 with a market capitalization of $1,391,965,327 and a 7-day loss of 3.73%.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) was in a sideways trend after breaking above the $329 overhead resistance but has fallen to a low of $164 before starting a sideways trend.
BCH’s current price is $234.39 with a market capitalization of $4,921,999,382 and a 7-day loss of 2.92%.
Hot Take
In summary, the performance of these altcoins in cryptocurrency analysis today shows that they are struggling to maintain an upward trend and are facing resistance levels that are hindering their growth prospects.
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