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matic-network
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polkadot
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tron
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bitcoin
Bitcoin (BTC) $ 17,225.09
ethereum
Ethereum (ETH) $ 1,281.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 290.01
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.39223
binance-usd
Binance USD (BUSD) $ 0.99956
dogecoin
Dogecoin (DOGE) $ 0.098171
cardano
Cardano (ADA) $ 0.314995
solana
Solana (SOL) $ 13.72
matic-network
Polygon (MATIC) $ 0.925808
polkadot
Polkadot (DOT) $ 5.44
tron
TRON (TRX) $ 0.054002
Thursday, December 8, 2022
HomeCoinsAltcoinThe Charts of These 4 Altcoins Have Turned Extraordinarily Bearish

The Charts of These 4 Altcoins Have Turned Extraordinarily Bearish

  • The crypto market cap has dropped beneath the $1 trillion market this previous week.
  • ATOM, MATIC, DOT and SNX all noticed their costs drop over the past 24 hours.
  • All 4 altcoins have seen their respective each day 9 and 20 EMAs cross bearishly.

The crypto market cap has damaged beneath the $1 trillion mark after the current FTX debacle. At the moment, the crypto market monitoring web site, CoinMarketCap, exhibits that the entire crypto market cap is round $847.75 billion following a 2.82% drop over the past 24 hours.

Polygon (MATIC), Cosmos (ATOM), Polkadot(DOT) and Synthetix (SNX) have all seen their costs drop over the past 24 hours.

Polygon (MATIC)

MATIC’s worth has dropped 11.46% over the past 24 hours, taking its worth right down to $0.9585 at press time. In comparison with the 2 crypto market leaders, BTC and ETH, the altcoin has weakened towards each by 8.20% and 10.06% respectively.

Every day chart for MATIC/USDT (Supply: CoinMarketCap)

The worth of MATIC is at the moment buying and selling beneath the each day 20 EMA line. There was quite a lot of volatility in MATIC’s worth because it nosedived to $0.8152 earlier than pumping again up above $1, solely to drop again right down to its present stage once more.

The each day chart for MATIC expresses combined sentiment because the relative positions of the 9 and 20 EMA traces present some bullishness. Nevertheless, the each day RSI line is positioned beneath the RSI SMA traces and is sloped in the direction of oversold territory.

Cosmos (ATOM)

ATOM is buying and selling at $10.99 at press time after an 8.54% drop in worth over the past day. It has additionally weakened towards BTC and ETH by 5.44% and seven.16% respectively.

Every day chart for ATOM/USDT (Supply: CoinMarketCap)

ATOM’s worth is buying and selling beneath the each day 9 and 20 EMA traces after the 2 crossed bearishly this previous week. This bearish cross within the two EMA traces was accompanied by a bearish RSI cross with the RSI SMA line.

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Polkadot (DOT)

Following a 2.09% drop in worth over the past 24 hours, DOT is buying and selling at $5.71 at press time. The altcoin was nevertheless in a position to strengthen towards BTC by 1.26% throughout this time interval, however weakened towards ETH by 0.87%.

DOT/USDT each day chart (Supply: CoinMarketCap)

Much like ATOM, the worth of DOT is buying and selling beneath the each day 9 and 20 EMA traces after the 2 traces crossed bearishly this previous week. As soon as once more, the bearish cross of the each day 9 and 20 EMA traces was accompanied by a bearish RSI and RSI SMA cross.

Synthetix (SNX)

SNX is down 9.66% and is at the moment buying and selling at $1.74 in accordance with the crypto market monitoring web site. As well as, it has weakened towards BTC and ETH by 6.49% and eight.41% respectively.

SNX/USDT each day chart (Supply: CoinMarketCap)

The each day chart for SNX worth tells an analogous story to the opposite altcoins on this article as a bearish cross within the each day 9 and 20 EMA traces triggered a detrimental impulse to drive the altcoin’s worth to commerce beneath the each day 9 and 20 EMA traces.

As well as, the each day MACD and MACD sign traces have flagged a bearish sign after the 2 traces crossed. The gradient of the each day MACD histogram for SNX has additionally sloped negatively over the past 5 days.

Disclaimer: The views and opinions, in addition to all the data shared on this worth evaluation, are printed in good religion. Readers should do their very own analysis and due diligence. Any motion taken by the reader is strictly at their very own threat. Coin Version and its associates won’t be held chargeable for any direct or oblique harm or loss.

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