These Are the 5 Worst Performing Altcoins as Cryptocurrencies Fall Below Moving Average Lines

Ethena has fallen drastically to the bottom of the charts.

As cryptocurrencies fall below moving average lines, the worst-performing altcoins are moving lower. Some altcoins, such as Ethena, have fallen drastically to the bottom of the charts. Others are in the process of falling.

Here's a closer look at the five worst-performing altcoins, based on their price movements over the last seven days:

1. Gnosis (GNO)

2. Pendle (PENDLE)

3. Sui (SUI)

4. Ethena (ENA)

5. Ronin (RON)

Gnosis (GNO) is in a bull market but trending downwards. In the last price action, the altcoin rose to $444 on March 11. Today, the drop has fallen to a low of $265. It is currently moving sideways between $265 and $380. Buyers are trying to push the altcoin above the moving average lines and resistance at $380. The altcoin's uptrend has failed as it has fallen below the moving average lines. The altcoin will resume its uptrend once it breaks through the resistance at $380.

GNO is the worst performing altcoin. It has the following characteristics:

Price: $287.36

Market capitalization: $862,081,540

Trading volume: $8,990,717

7-day loss percentage: 7.46

Pendle (PENDLE) is in a bull market with an upswing. After reaching the overhead barrier at $7.00, the cryptocurrency has dropped and is moving sideways. The cryptocurrency value has slipped below the moving average lines after three rejections at the upper barrier. The altcoin has fallen to a low of $5.00.

The decline is approaching the existing support level of $3.81. Selling pressure will increase if the support level of $3.82 is broken. The altcoin is expected to move in a range if the current support level of $3.82 is maintained.

PENDLE is the cryptocurrency with the second slowest performance. It has the following characteristics:

Price: $5.00

Market capitalization: $1,291,240,477

Trading volume: $44,020,389

7-day loss percentage: 7.49%

The price of Sui (SUI) is in a bear market after a recent decline. After retesting the overhead resistance of $2.00, the cryptocurrency was rejected twice. Today, the altcoin has fallen considerably. SUI fell to a low of $0.76 before recovering. The cryptocurrency has formed a range between the support of $0.76 and the resistance of the 21-day SMA. Once the current support level of $0.76 is breached, selling pressure will pick up again.

According to these parameters, SUI is the third worst performing cryptocurrency.

Current price: $0.8049

Market capitalization: $8,048,878,052

Trading Volume: $88,939,353

7–day loss: 3.72%

The price of Ethena (ENA) has fallen to the bottom of the chart. The altcoin fell sharply to a low of $0.48 before recovering. The cryptocurrency is trading between $0.48 and below the barrier of the 21-day SMA. If the current support level of $0.48 is breached, selling pressure will begin. The altcoin is currently worth $0.50. This is the fourth worst performing cryptocurrency. Here are some critical components.

The current price: $0.5033

Market capitalization: $7,584,779,473

Trading Volume: $56,816,480

7–day loss: 2.94%

The price of Ronin (RON) has returned to the bear market after its recent decline. In the previous price action, the cryptocurrency rose to a high of $4.50 before falling. Today, RON has fallen to a low of $2.01 on June 26. Over the past five days, the $2.01 support has held as the altcoin has fluctuated. RON is trading above the $2.01 support level but below the 21-day SMA resistance line. If these levels are breached, the market will resume its trend. The fifth worst performing cryptocurrency is RON.

It has the following characteristics:

Price: $2.07

Market capitalization: $2,067,955,564

Trading Volume: $8