Weekly Cryptocurrency Market Analysis: Altcoins Recover But Face Hurdles At Higher Price Levels

The altcoins listed below are the worst performing cryptocurrencies in the last week of September.

Altcoins have crashed and are currently recovering at the bottom of the chart, but this recovery is hampered by obstacles above the moving average lines.

Monero

Monero (XMR) is in a sideways trend after its price drop on June 13. Since June 13, the altcoin has been trading above the $110 support and below the $180 resistance. Today, the altcoin is falling, breaking below the moving average lines and reaching a low of $155. If the altcoin falls below $145, it will reverse its trend. There is a long candlestick tail pointing to the critical support levels. This indicates significant buying pressure at lower price levels. The altcoin is the worst performing cryptocurrency.

The current price: is $154.91

Market capitalization: $2,857,635,003

Trading volume:  $54,516,161

7-day loss: 10.45%

Kaspa 

Kaspa (KAS) is currently in an uptrend but has started a sideways movement below the resistance level at $0.20. The price of the cryptocurrency oscillates above the moving average lines. KAS is trading marginally and the price movement is immobile due to the formation of doji candlesticks. The cryptocurrency is falling after breaking below the moving average lines. The decline has paused above the $0.16 level. KAS is the second worst performing coin.

The current price: $0.1623

Market capitalization: $4,658,620,484

Trading volume: $30,830,168

7-day loss: 2.07%

Fantom 

The price of Fantom (FTM) has recovered from its slump and has risen above the moving average lines. The altcoin rose to a high of $0.53 before being rejected again. The altcoin fell to a low of $0.35 before recovering. The cryptocurrency has reached a high of $0.72 but remains below resistance at $0.75. 

FTM is currently trading in a range above the moving average lines but below the resistance level of $0.75. If the bulls fail to break through the resistance at $0.75, the altcoin will come under pressure again. FTM is the third worst performing coin based on these metrics. 

The current price: $0.6803

Market capitalization: $2,159,638,279

Trading volume: $137,243,765

7–day loss: 1.64% 

Mantle 

Mantle (MNT) is on a downward slide after hitting resistance at $1.51. The altcoin fell to a low of $0.55 before resuming consolidation above the current support. MNT has recovered and the price is breaking above the moving average lines. The altcoin rose to a high of $0.66 before being beaten back. The bulls have failed to break the barrier since August 5. Upward moves were repelled three times, forcing the altcoin into a sideways trend. The uptrend will resume as soon as the price breaks above the moving average lines.

The current price: $0.6447

Market capitalization: $4,009,469,159

Trading volume: $53,432,889

7–day loss: 0.94% 

Aptos 

The price of Aptos (APT) has been in a sideways pattern since reaching resistance at $20. The altcoin has been trading above the $5.00 support but below the $20 resistance level. APT has regained its bullish momentum, breaking above the moving average lines and reaching a high of $8.17. It will fully recover from its dip if buyers keep the price above the $10 high. The market will rise to a high of $18. APT is the fifth worst performing cryptocurrency.

The current price: $8.21

Market capitalization: $9,180,905,854

Trading volume: $124,243,282

7–day loss: 0.46% 

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.