Altcoin

Cryptocurrency markets have been facing heavy selling pressure since Monday, June 13. The altcoins listed below are the worst performing cryptocurrencies this week. Convex Finance and the other altcoins have fallen and broken their historical price levels at the bottom of the chart.

Virtually, cryptos' percentage performances are in the red due to the recent collapse. On Monday, June 13, the blockchain industry collectively collapsed as traders and investors expressed dismay over the current state of cryptos. The cryptos below are the altcoins that have performed the best despite the recent collapse.

The cryptocurrencies below have picked up another round of selling pressure. The upside corrections led to further downside in altcoins. The resistance levels posed a challenge to the recovery of the altcoins.

Cryptocurrencies are taking an upward correction as altcoins break out above the 21-day line SMA. Since May 31, cryptocurrencies have failed to break above the 50-day line SMA, hence the current fluctuations. This week, cryptocurrencies will develop a trend if the moving average lines are broken.

The cryptocurrencies listed below are still deep in the downtrend zone. The bulls have failed to break the 21-day moving average line, hence the downtrend. The altcoins continue to face selling pressure on every rally. This week, these altcoins may continue to fall.

Cryptocurrencies have regained bullish momentum after rising above their previous lows. The bullish momentum has stalled after breaking above the 21-day line SMA. Altcoins failed to continue their upward movement as they failed to break through the next resistance levels.

UST, WAVES, KDA, MKR and HNT are the lowest performing cryptocurrencies this week. Altcoins failed to sustain their recent rallies as they are rejected at their respective resistance levels. The cryptocurrencies could fall further if the previous lows are breached.

Since May 12, cryptocurrencies have managed to hold above their previous lows. Altcoins have made an upward correction as they tried to break through the next resistance levels. Breaking through the next resistance levels will set up a possible rally.

WAVES, FTM, NEAR, CRV and AVAX have dropped significantly to the bottom of the chart. The bears have the upper hand as prices continue to fall after each sell at the resistance level. The worst performing cryptocurrencies have shown no signs of recovery. In other words, there is no attempt at a recovery rally.