Altcoin

The cryptocurrencies listed below are now trading in the downtrend zone of the chart. Algorand and Chain, for example, have fallen dramatically to the bottom of the chart. There is a chance that Chiliz, Trust Wallet Token and Binary will recover. Let us take a look at some of the cryptocurrencies that had the worst performance overall.

Altcoins have varying levels of upward momentum this week. As they have overcome the resistances above the moving average lines, Litecoin and Binary X have made progress. DASH CRV and APE have improved but are still in a downtrend.

Сryptocurrencies are trading at the bottom of the chart, in the downtrend zone. The coins are under heavy selling pressure as they fall to their own lowest price levels. One advantage of the negative trend is that buyers are attracted to the lower price levels.

As altcoins enter bullish trend zones, cryptocurrencies are making a comeback. However, once the market enters the overbought zone, it is unlikely that prices will continue to rise. If the overbought region rejects cryptocurrencies, selling pressure could return.

Cryptocurrency markets have been under selling pressure since November 6. Altcoins have been falling and as a result have returned to their previous lows.

Compared to other altcoins, PAX Gold has performed very well. PAXG has risen to a new high of $1734.34 and has maintained this level. Buyers have continued the uptrend. With the resumption of the bear market, TON, OKB, LTC and MKR are bumping back to their overarching resistance levels.

Cardano (ADA) has fallen below its moving average line, signaling a downturn in the cryptocurrency. The initial downturn forced the altcoin to fall to its low of $0.34 on November 8.

The bottom of the charts now indicates a significant drop in cryptocurrency. Altcoins are currently trading in the oversold areas of the market. When the current selling pressure stops, buyers are likely to emerge in the oversold area.

Bitcoin Cash (BCH) is in an upward correction and is encountering resistance at $120. The cryptocurrency is bearish as it could hit a low of $110.