Amid massive losses recorded within a plunging total crypto market capitalization in the last day, many altcoins are taking the brunt of the market forces. In the last 24 hours, YFI is seen to have led a moderate market plunge with an 11% loss. LEND and OMG, however, are nurturing the common touch with little fewer percentage losses too.
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This version of market watch sheds light on the top market losers of the past 24 hours for investors to consider before diving into investing in their desired cryptocurrencies.
#1. Yearn.finance (YFI tokens 11% Loss):
YFI have quite repulsive market traction within the last 24 hours. Within the last 24 hours, the coin lost around 11% to maintain a week-long market loss which accumulated to 8%.
At the time of writing this piece, YFI is changing hands at $26,067, which is about a 36% negative change in the biweekly time frame.
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The coin failed the support at $26,500 level and sank through the immediate support at $26,100. Before midday, FYI tested the price level at $26,200, but failed to break the level properly and fell below to build strong support at $26,000.
Within the last 30 days, FYI lost around 28% to record the most loss amongst the top loser cryptocurrencies of the ongoing bear markets.
Technical Points:
- General price trend is bearish.
- Next level of key support lies at $26,000
- Immediate resistance level lies at $26,500
#2. Aave (LEND 6% Loss):
LEND begins weekly loss with today’s percentages. Taking a top spot in this category of top losers on today’s list, the coin lost almost 10% within the last two days.
LEND accomplished lustrously within the last year with a 12,093% profit. The coin made losses last month with 34% and has gained around 1% in the last one week. The cryptocurrency is down by around 6% in the last 24 hours.
Currently changing hands at $0.52, it occurs the market sentiment is bullish in the short term. 80% of market respondents are bullish while 20% remain bearish on LEND.
Technical Indicators
LEND/USD glares bullish with prices soaring above the lid of the Bollinger Band. There’s an evident price increase above the Bollinger top where prices may head to the $0.65 level.
- Next major resistance lies at $0.65
- Next key support level at $0.52
- RSI penetrated the 70.0 level and further move upwards seems highly possible.
#3. OMG Network (OMG 5% Loss):
OMG made losses consistently within the week but accrued significantly enough to make today’s list.
Around 50% of market respondents are bearish on OMG and it seems the top coin is moving to accepting more losses in the future.
During the last year, OMG gained roughly 393% and has recorded gains in all other time frames but the 24 hours and 30-day. It recorded a 29% loss since last month and lost 5% since yesterday.
The prevailing price of OMG is $3.91 with an average market cap of roughly 547 million. Also, over $450 million of volumes were recorded since yesterday.
Technical Points
- Next key resistance level lies at $4.0
- Next major support level at $3.65
- Prices may have troubles breaking the present price level at $3.65