Struggling Cryptocurrencies: A Look at the Worst Performers
Are you curious about cryptocurrencies that are underperforming in the market? Here’s a deep dive into the worst-performing coins:
Akash Network
Akash Network (AKT) is currently experiencing a sideways trend post its recent rise. The altcoin hit a peak of $6.24 before retracing its steps. It then dropped to a low of $3.00 before bouncing back slightly. Currently trading between $3.90 and $6.00, AKT might resume its climb if it breaks the $6.00 resistance level. Here are the key stats:
- Price: $4.62
- Market capitalization: $1,796,908,634
- Trading volume: $10,656,748
- 7-day loss percentage: 13.54%
Immutable
Immutable (IMX) is on a downward trend but showing signs of correction. With a high of $3.60 in its recent rally, IMX is currently fluctuating between $1.80 and $2.60. The altcoin could resume an upward trajectory if it overcomes the $2.60 and $3.60 resistance levels. Here are the key stats:
- Price: $2.22
- Market capitalization: $4,443,802,868
- Trading volume: $54,643,529
- 7-day loss percentage: 11.14%
Bittensor
Bittensor (TAO) faced rejection at the $720 resistance level, causing a drop to $386. While the altcoin briefly rose above the moving averages, it lost momentum around the 50-day SMA. TAO is now expected to decline further towards $291. Key stats include:
- Current price: $387.11
- Market capitalization: $8,126,241,123
- Trading volume: $22,751,761
- 7-day loss: 10.85%
Ronin
Ronin (RON) is currently in a downtrend but has surpassed the moving averages. Despite reaching a high of $4.53, it struggled to sustain the momentum and dropped below the moving averages. With a current value of $3.13, RON is showing signs of recovery. Key stats:
- Current price: $3.13
- Market capitalization: $3,130,398,863
- Trading volume: $20,054,487
- 7-day loss: 10.41%
Axie Infinity
Axie Infinity (AXS) is trading within a range of $6.80 to $8.50 as it awaits a breakout above the $8.50 resistance level. Once this barrier is breached, AXS may target $11.50. The current value stands at $8.23. Here are the key stats for AXS:
- Price: $8.30
- Market capitalization: $2,224,211,553
- Trading volume: $92,120,650
- 7-day loss: 8.85%
Hot Take: Keep an Eye on the Underperformers
As you navigate the turbulent waters of the cryptocurrency market, it’s crucial to monitor the worst-performing coins for potential opportunities. Understanding the trends and factors affecting these underdogs can provide valuable insights for your investment strategy.
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