Altcoins Showing Downtrend Signs: Analysis of Worst Performing Coins

Immutable

Immutable (IMX) has been on a downward trend and recently slipped below moving averages. While currently at $1.07, it faces a critical support level at $1.05. If this support breaks, IMX could drop back to $0.90. The coin is oversold, indicating a possible uptrend if support holds.

Key Stats:

Current price: $1.07
Market capitalization: $1,791,342,150.06
Trading volume: $84,164,429.92
7-day loss: 20.06%

cat in a dog world

cat in a dog world (MEW) is currently trading bearish but within an uptrend zone. Despite being below the 21-day SMA, it holds above the 50-day SMA. The altcoin might face selling pressure towards $0.007.

Key Stats:

Current price: $0.008127
Market capitalization: $723,282,459.75
Trading volume: $116,191,661.14
7-day loss: 16.52%

Beam

Beam (BEAM) is currently in a bearish position, traversing a sideways trend near the bottom. With a price range of $0.012 to $0.022, it faces crucial support and resistance levels.

Key Stats:

Current price: $0.01539
Market capitalization: $760,231,326.40
Trading volume: $12,688,971.08
7-day loss: 16.19%

Helium

Helium (HNT) is currently in a downtrend but moving sideways. Despite a recent resistance at $8.50, it is now trading between $6.00 and $8.00, facing a critical support level at $6.00.

Key Stats:

Current price: $5.92
Market capitalization: $1,009,634,691.36
Trading volume: $9,137,963.67
7-day loss: 13.78%

Worldcoin

Worldcoin (WLD) has seen a significant downturn, falling to the bottom of the chart. With a recent low at $1.70, it faces a critical support test. Buyers are defending the $1.40 level, indicating a potential reversal.

Key Stats:

Current price: $1.71
Market capitalization: $1,031,317,828.54
Trading volume: $180,413,764.14
7-day loss: 13.45%

Disclaimer: This analysis is based on personal opinions and not investment advice. Readers should conduct thorough research before making investment decisions.