Weekly Cryptocurrency Market Analysis: Altcoins Remain At Chart Lows As Buyers Jump Back In

The worst-performing altcoins that have fallen to the bottom of their respective charts are listed below.

LDO and PI have frequently fallen below the bottom of the chart as the bears try to push the altcoin into oversold territory. We'll take a look at some of these coins below.

Hyperliquid

The price of Hyperliquid (HYPE) has fallen after hitting a low of $12.19. The crypto asset has fallen after reaching a high of $35.17.

Today, buyers are rallying above the $12.00 support as the altcoin resumes its uptrend. On the upside, the altcoin will continue to rise but will hit a first barrier at the $17.50 high.
However, if the altcoin breaks the current support, HYPE will slide to the low price of $10.00.

The current price: $12.87

Market capitalization: $4,311,628,207.88

Trading volume:  $60,470,374

7–day loss: 26.68% 

Pi

Pi (PI) continued to fall, reaching a low of $0.70. Both the lower price level and the expected price level have been overtaken by the bearish momentum.

However, the bears are finding it difficult to break through the lowest price level. If the bulls hold the current support at $0.70, the PI will remain at the lowest price level. The altcoin is now in the oversold area of the market. In the oversold area, buyers may emerge and push the price higher. PI is the second worst performing altcoin by these standards.

The current price: $0.7010

Market capitalization: $4,755,103,059.2

Trading volume:  $4,755,103,059.2

7–day loss: 25.19% 

PancakeSwap 

The price of PancakeSwap (CAKE) fell below the moving average lines, indicating that the recovery attempt was unsuccessful.

The bears are trying to push the price of the altcoin down to its lowest point. CAKE fell to a low of $1.38 on March 11 before rising above the moving average lines. Resistance at $2.80 has prevented the altcoin from moving higher. If the current barrier is breached, CAKE will reach its high of $3.50. The third worst performing cryptocurrency is CAKE.

Thecurrent price: $1.99

Market capitalization: $590,043,148.48

Trading volume: $73,565,914.18

7–day loss: 22.96% 

Lido DAO 

The price of Lido DAO (LDO) has already fallen to the bottom of the chart. The cryptocurrency has been fluctuating above the current support even after falling to a low of $0.8763. Since March 13, the bears have failed to break the lower price level above $0.8700. The altcoin will rise again as long as the current support at $0.8700 remains intact.

Nonetheless, the price indicator predicts a further decline to $0.4744, which corresponds to the 2.0 level of the Fibonacci extension. LDO is the worst-performing cryptocurrency, coming in fourth place.

The current price: $0.8702

Market capitalization: $781,578,725.17

Trading volume: $63,015,573.36

7-day loss: 19.35%

Kaspa

The price of Kaspa (KAS) has fallen below the moving average lines. The altcoin started trading sideways after falling to a low of $0.0656. The price indication predicts that KAS will continue its downtrend. The altcoin is currently trading above the $0.060 support. If the bears break the existing support of $0.060, the altcoin will fall to the downside.

However, KAS will reverse at the $0.037 Fibonacci extension level of 1.272. In the meantime, the altcoin bounces off the current support. The fifth worst performing cryptocurrency is KAS.

The current price: $0.06568

Market capitalization: $1,704,230,656.8

Trading volume: $69,800,501.48

7–day loss: 19.26% 

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.