The Top 10 Cryptocurrency Losers of the Fourth Week of June

The top 10 losers for the fourth week of June are Pendle, Gnosis, Ethena, Sui, Lido DAO, Uniswap, Worldcoin, Ronin, Fetch.ai, and BitTorrent. Pendle crypto took the biggest hit of these cryptos with more than 17% lost over the week.

Pendle (PENDLE) crypto lost more than 17% over the week, making it the biggest loser among the top 10. The Pendle price encountered a resistance level at $7 two times in the past two months.

In the fourth week of June, the cryptocurrency market displayed a bearish trend, with the top 10 losing cryptos being Pendle, Gnosis, Ethena, Sui, Lido DAO, Uniswap, Worldcoin, Ronin, Fetch.ai, and BitTorrent. Bitcoin price remained bearish throughout this month, and the sentiment impacted these coins.

Here's a technical analysis overview of these coins over different timeframes.

Pendle Price Analysis on 1-D Timeframe

Pendle was trading at $5.08 with an intraday gain of 2.90% at press time. Based on the chart structure, PENDLE was bullish over a longer time frame but displayed bearishness this month.

The Pendle price has approached the resistance level of $7 twice in the past 2 months. Buyers attempted again to reach the $7 hurdle, but sellers were strong enough and dragged the price down by 17% over a week.

Gnosis Price Prediction on 1-D Timeframe

Gnosis (GNO) crypto price declined, generating lower lows and lower highs. The lower high swings failed to reach the last swing high over the last few weeks and at press time, the price was below the 200-day EMA.

GNO declined by more than 15% in a week, showing weakness. If the price sustains below the 200-day EMA, sellers may maintain a grip and dominate the trend. On the other hand, if the digital asset price bounces back and surpasses the 200-day EMA, buying momentum would be visible in the next few weeks.

Ethena Price Has Declined by 40% This Month; What’s Next?

The chart structure of ENA crypto displays strong selling pressure this month with a loss of more than 40%. The Ethena price has slipped below the support level of $0.700 and dropped by 11% in a week.

If the digital asset price rebounds and surpasses the 20-day exponential moving average, investors may show interest. Alternatively, if the buyers fail to bounce back, sellers may dominate further.

Sui Price Melted 60% Since April

The Sui price chart displayed a bloodbath since April after a great bullish phase. The price faced resistance from the 200-day EMA and declined by 30% over the past 3 weeks.

If SUI takes support at the $0.800 level and exceeds the 20-day EMA, it could be followed by strong buying pressure. On the other hand, if SUI falls below the $0.800 it may be followed by bearish momentum.

LDO Price Forecast Over Daily Timeframe

On a daily time frame, the Lido DAO crypto price chart has formed a descending triangle pattern and is currently at the support level. Bears may express interest if the digital asset price triggers a breakout from the triangle and sustains.

The Lido DAO price chart displayed slow and steady growth on the larger frame. If the price swings at the support level and rises, the bullish trend could continue for longer.

Uniswap Price Technical Analysis Overview

Uniswap crypto price has taken support at the 200-day EMA after a bearish momentum. Suppose UNI finds support at the 200-day EMA, buying momentum could be seen. By contrast, if the price falls below the 200-day EMA, that would be a bearish sign.

Worldcoin Price Lost 77% 

WLD crypto price fell 77% since mid-March. The Woldcoin price is at the major support level of $2.50, positive momentum is expected in the coming sessions. On the contrary, if the price falls below this level, it may result in a bearish forecast.

Ronin Price Technical Analysis

Ronin crypto price has been in a strong bearish trend and has slipped below the 200-day EMA. RON may decline further after a pullback. Otherwise, a sharp reversal can could trigger bullish momentum.

Fetch.ai Price Analysis on 1-D Timeframe

Recently, FET triggered a fake breakout from the 200-day EMA, reflecting bearish momentum. If the price remains below the 200-day EMA, sellers may dominate for the next few weeks.

BitTorrent Prediction Overview

BitTorrent price dropped violently in the past few months and slipped below the 200-day EMA. If the price drops below $0.000000780, bears might maintain the grip. Bouncing back from this level may lead to a reversal.