These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?
24 Abril 2023 - 7:39AM
NEWSBTC
After weeks of gains, the crypto market finally succumbed to the
bears. According to CoinMarketCap, the total market cap of cryptos
is at $1.12 trillion, a measly 0.22% increase from yesterday. Since
the start of the week, the metric has gone down by 9%. This
was largely caused by economic woes that plagued US equity markets.
With stocks also experiencing meager gains, these cryptocurrencies
are to be avoided, if you are an investor, as they bled the hardest
as major cryptos dropped in value. As the markets continue to
bleed, will these cryptos drop even lower? Related Reading: Shiba
Inu Gets Stuck In Price Range – Will SHIB Break Free? Top 5 Cryptos
Usher In The Week With Losses CFX As Ethereum experiences the
biggest drop compared to its Bitcoin peer, Conflux followed the top
altcoin in the market closely. According to CoinGecko, the token is
down 23% since the past week, signaling to investors CFX’s losing
week. Investors should be cautious of a bearish breakthrough
on $0.2847 as it could bring the token back $0.1471. However, the
bearish scenario might turn into a reality as CoinGlass data points
to a robust bearish presence in the market. ARB As of
writing, ARB is down nearly 21% in the same timeframe. Investors on
the token are closely following the sentiment around Bitcoin and
Ethereum, and with the two biggest cryptos experiencing pain, ARB
is experiencing a magnified bearish sentiment. Investors and
traders on ARB should be cautious about putting more money on the
token. At press time, ARB’s current trajectory puts it on the path
back toward $1.1930. If this comes to fruition, ARB bulls are left
to defend this crucial support. APT Even with
development strongly favoring Aptos continues, the token is not
fairing well amid a bearish takeover. According to CoinGecko, APT
itself is down nearly 20% in the weekly timeframe. ICYMI:
@BwareLabs will be on the next #AptosMoveMonday to celebrate and
share their insights on what it was like leading development on
Aptos Delegated Staking. Chat with Bware and the rest of the Aptos
community on Monday, April 24 at 10am PT 👇https://t.co/L9FWTdsSZM
https://t.co/1k3x5cMxFe — Aptos (@Aptos_Network) April 22, 2023
Currently, the bears have $7.5088 support on their crosshairs. If
APT continues its bearish price movement, a breakthrough on this
support level might see the token drive even lower. CoinGlass data
reveals, however, that this may be a reality for APT investors as
short sellers outnumber long buyers significantly. Welcome,
@helium 🎈 The Helium Network has completed its upgrade and has
finished migrating to Solana. https://t.co/nTICE0Y6aa
pic.twitter.com/CjiHjsANob — Solana (@solana) April 19, 2023
SOL With Helium’s migration being completed in the
background, SOL is following the general market freefall. Recent
market data shows that the token has been down nearly 16% since
last week. The token is currently correlated with ETH, which means
the two cryptos follow each other very closely. At the
moment, the token has stabilized below $21.60. If the bulls keep
this strong defense up, we may see a rebound back to $23.29 in the
coming days. If ETH doesn’t recover by then, we may see the token
back at $20.20. Crypto currently has a total market cap of
$1.12 trillion as of Monday, April 24th. Chart: TradingView.com
Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From
Shanghai Rally FTM Despite Fantoon making the leap for Fantom on
AI, FTM still faced significant market headwinds. According to
CoinGecko, the token is down nearly 21% since last week. It
followed the general market freefall that pulled the entire crypto
market downward. Let’s get to know Fantoon Ai!
🧵https://t.co/zC9F6KPgbB What is it? Fantoon Ai is a super-advanced
txt to image generating Ai built on a custom SD with hundreds of
models (with over 2TB data). It’s fast, works without any highend
HW and creates brilliant visuals in any niche 1/4
pic.twitter.com/J8ToonBCiF — Fantoon Ai: 1st Ai Project of Fantom
is now LIVE! (@Pumpkittens) April 21, 2023 FTM might oscillate up
and below the $0.4260 support in the short to medium term depending
on the general market sentiment. Thus, this dependency on the
general outlook of the crypto market could bring further pain. If
the token’s price doesn’t stabilize on this support level, we might
see a return to $0.3717. (This article is for educational and
informational purposes only and should not be taken as financial or
investment advice. Cryptocurrencies are highly volatile and
speculative assets, and their values can fluctuate widely and
rapidly) Featured image from PublicDomainPictures/Pixabay
Solana (COIN:SOLUSD)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Solana (COIN:SOLUSD)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024