According to cryptocurrency analysts at Coinidol.com, several cryptocurrencies have experienced significant drops in value, making them the worst performing in the market. BIT, SUI, TWT, RPL, and MKR are all currently struggling. BIT, for example, has fallen below its moving average lines and is expected to continue to decline. The altcoin has reached the oversold zone and has had a particularly poor week of performance.
Rocket Pool (RPL) is currently trading sideways and has reached the oversold zone as well. It is approaching its previous low and is expected to fall further when it hits the resistance of the moving average lines.
SUI has also fallen below its moving average lines and experienced a dip in value. However, the bulls were able to initiate an upward correction, although the altcoin is still in a negative trend.
MKR has been moving sideways since March 16 and failed to break its recent high. It is currently in a negative trend below the daily stochastic threshold.
Finally, Trust Wallet Token (TWT) has also fallen below its moving average lines and is approaching the bottom of the chart. It has fallen to a low value but has corrected higher after breaking out above the 21-day line SMA. TWT is currently trapped between the moving average lines and may enter a range-bound move.
Overall, these cryptocurrencies are all experiencing significant drops in value and have had a poor week of performance.
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