Cryptocurrencies are bearish after being rejected at superior resistance levels.
Nexo (NEXO) is in an uptrend but is facing resistance at $1.21. The altcoin has retreated below the 21-day SMA line. NEXO will resume its uptrend if the price rises above the 21-day SMA. The altcoin will rise and reach the resistance at $1.21 again. A break above this resistance will signal a resumption of the uptrend.
Conversely, the downtrend will resume if the price breaks below the 50-day SMA line. The current uptrend must end. NEXO will continue to fall below $0.57. Selling pressure will ease once buyers appear in the oversold zone. NEXO is the lowest performing crypto asset this week. It has the following features:
Price: $0.8636 Market capitalization: $863,295,357
Trading volume: $16,133,161 7-day loss: 21.27%
Helium (HNT) price is in a downtrend as it dips below the moving average lines. The cryptocurrency drops to $3.98 as the bulls buy the dips. In the previous uptrend, HNT rose to $57. Today, the altcoin dropped to $3.98, the market’s oversold zone. Selling pressure is likely to ease as buyers emerge in the oversold territory. The second worst performing cryptocurrency this week. It has the following features:
Price: $1.59 Market capitalization: $404,305,403
Trading volume: $11,661,522 7-day loss: 19.37%
Flow (FLOW) price is in a bearish trend as the altcoin has dropped below the moving average line. On August 28, the cryptocurrency dropped to $1.67 as the bulls bought the dips. The altcoin has fallen into the oversold area of the market. Meanwhile, the altcoin is fluctuating between $1.67 and $2.16. FLOW is above 40% of the daily stochastic area. The cryptocurrency is in bullish momentum. It is the fourth worst performing cryptocurrency this week. It has the following features:
Price: $1.87 Market capitalization: $2,582,785,482
Trading volume: $30,325,556 7-day loss: 12.93%
Chiliz (CHZ) is in a sideways trend as the cryptocurrency fluctuates below the overhead resistance of $1.00. Today CHZ is trading between the moving average lines. The cryptocurrency will develop a trend when the moving average lines are broken. Below 80% of daily stochastics. The cryptocurrency is in bearish momentum. However, CHZ is the fifth worst performing cryptocurrency this week. It has the following features:
Price: $0.1933 Market capitalization: $1,719,427,07
Trading volume: $245,564,454 7-day loss: 12.62%