Waves

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.

PrimeXBT is a brand making waves recently, letting traders short Bitcoin and the stock market during the recent downtrend while still allowing them to go long when the market is ready to rebound.

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.

The altcoins listed below are the lowest performing cryptocurrencies that have fallen significantly.

Bitcoin and the worst performing altcoins are trading in the bearish trend zone. This means that cryptocurrencies are capable of further downside moves.

Waves and the other altcoins have continued to fall as cryptocurrencies lose their current support levels.

Bitcoin has held above the $45,400 level since April 1. This has supported Moonbeam, SKALE Network, and Aave to advance to their previous highs.

Altcoins RUNE, ZEC, WAVES and LUNA are marking higher highs and higher lows in the uptrend zone. This is an indication of a possible upward movement as the BTC price fluctuates in a narrow range.