The cryptocurrencies listed below have lost their positions due to the recent decline.
The best performing altcoins have recovered above the moving average lines and resumed a positive trend.
SKY
The price of SKY (SKY) is correcting upwards while remaining in a horizontal trend. The altcoin is gaining momentum and is on track to break through the $0.095 mark. The cryptocurrency value has been declining every time it crosses the $0.095 overhead resistance. Currently, the altcoin is above the moving average lines and has reached a high of $0.074.
On the upside, the long candlestick wicks indicate strong selling pressure at higher price levels. The altcoin will gain value if it trades above the moving average lines.
SKY is the cryptocurrency with the best performance.
The current price: $0.07422
Market capitalization: $1,584,176,166.32
Trading volume:Â $7,507,486.25
7-day gain: 10.35%Â
Hyperliquid
Hyperliquid (HYPE) is in an uptrend and reached a high of $39.93. The bullish momentum was pushed back near the $40 mark. Buyers were unable to sustain the positive momentum above the recent high. The altcoin has retreated after finding support above the moving average lines. HYPE is rising as it crosses above the 21-day SMA. The altcoin will rise and test the $40 level.
However, the altcoin will fall if the bears break the 21-day SMA support. HYPE will fall to a low of $25. HYPE is the second best performing cryptocurrency.
The current price: $34.52
Market capitalization: $11,543,344,434.15
Trading volume:Â $387,136,232.63
7–day gain: 3.61%
QUANT
QUANT (QNT) is correcting upwards but is still in a horizontal trend. Since 28 May, the upward trend has come to a halt at the $120 mark. If the $120 level is broken to the upside, QNT will rise to a high of $170. QNT will fall to the low of the 50-day SMA support or to $92 if the 21-day SMA support is broken.
Meanwhile, QNT will rise if it trades above the moving average lines. QUANT is the third-highest performing cryptocurrency.
The current price:$114.77
Market capitalization: $1,385,610,710.8
Trading volume:Â $30,119,570.63
7-day gain:Â 3.35%
PAX Gold
PAX Gold (PAXG) is in a steady uptrend. However, the upswing has come to a halt just below $3,500. The price of the cryptocurrency oscillates above the moving average lines, but remains below $3,500. The uptrend will continue once the price breaks above the $3,500 mark.
On the other hand, the altcoin will fall if the price drops below the moving average lines. PAXG will fall to a low of $3,200. PAX Gold is the fourth best performing altcoin. Here are some of its characteristics.
The current price: $0.09977
Market capitalization: $2,981,006,518.06
Trading volume: $24,462,555.32
7–day gain: 1.91%
Cronos
Cronos (CRO) is in a sideways trend at the bottom of the chart. The price of the cryptocurrency is above the moving average lines but below the resistance of $0.11.
Currently, the upward movement is being held back by the resistance at $0.105. If the altcoin falls below the moving average lines, it will drop to as low as $0.08. In the meantime, the altcoin is trading above the 21-day SMA in anticipation of a positive trend. CRO is the fifth best performing altcoin.
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.
