Altcoins are in a downtrend as the price falls below the moving averages. Recent recoveries have all been staved off as cryptocurrencies face renewed selling pressure. Some of the altcoins have reached lower price 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.
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.