Weekly Cryptocurrency Market Analysis: Altcoins Lose Rate In The Bearish Trend Zone

The worst performing altcoins have fallen below the moving average lines. This decline accelerated while in the bearish trend zone.

Altcoins like Maker and Jupiter have both fallen to the bottom of their charts.

Pi

Pi (PI), which peaked at $2.99, is now losing value. The cryptocurrency fell to $1.51 before rising again. The altcoin risks a rejection at the $2.00 high, while it has been stabilizing above the $1.60 support since March 2. The PI will fall again, but it will reverse at the low of $1.13 if the $1.60 support is broken.

However, the uptrend will resume if the current support of $1.60 holds. The PI is the worst performing currency by these standards.

Hyperliquid

Hyperliquid (HYPE) has fallen below the moving average lines. The downtrend has weakened after falling as low as $14.65. HYPE rose to a high of $35.17 on December 21, 2024, but was pushed back twice.

The selling pressure has eased and the altcoin has risen further above the $14.00 mark. According to these criteria, HYPE is the second worst performing coin.

The current price: is $15.68.

Market Capitalization: $5,238,802,229.92

Trading Volume:  $129,593,387.11

7–day Loss: 20.12% 

Jupiter

Jupiter (JUP) is approaching the bottom of the chart after a sharp decline. The altcoin has lost value since its high of $1.92. The price indicator predicts a possible decline to the Fibonacci extension level of $1.618 or $0.594. JUP has fallen to a low of $0.57 based on price activity. The expected price level was exceeded by the bearish momentum. 

On the negative side, the altcoin will reach its low price of $0.4490 if the downward momentum continues.

The current price: $0.5584

Market Capitalization: $1,502,760,183.16

Trading Volume: $78,537,504.77

7–day Loss: 19.67% 

Maker

Maker (MKR) is at the bottom of the chart and is bearish. The cryptocurrency has pulled back and dropped to $781. According to the price tool, MKR should reach $744.73, which is the 1.618 level of the Fibonacci extension. 

Moreover, the currency is approaching the bottom of the chart. The price of the altcoin will return to its positive trend as soon as it crosses the moving average lines. MKR is the fourth worst performing cryptocurrency. It has the following characteristics.

The current price: is $1,336.74

Market capitalization: $1,139,180,718.67

Trading volume: $112,276,724.85

7-day loss: 5.46%

Litecoin

Litecoin (LTC) falls below the moving average lines. The cryptocurrency has been moving sideways, fluctuating between the $100 support and the $130 resistance. The $130 resistance level is indicated by extended candlestick wicks. The recent high indicates significant selling pressure.

Long candlestick tails leading below the $100 support have been used to describe Litecoin's decline. This indicates that there is a lot of buying pressure at the lower price points. The altcoin will perform once the limits of the trading range are broken. 

LTC is the fifth worst performing cryptocurrency. It has the following characteristics:

The current price: $104.05

Market Capitalization: $7,861,436,286.81

Trading Volume: $805,364,319.74

7–day Loss: 14.31% 

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.