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.
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.
Bitcoin is struggling above $38,000 support in the downtrend zone, while some of the best performing altcoins are trading in the uptrend zone. A few altcoins face the challenge of bears selling on every rally. These altcoins have resumed a new uptrend while others are struggling above the moving averages.