Cryptocurrency

Rocket

Mantle

Rocket Pool

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 Oct 17, 2023 at 05:50 // Price
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 <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> Author Coin Idol 
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/aaa/900_900_1/sw7gru9aoumi9437ukkdbnxf7277bid8.jpg" width="900" height="563" alt="The cryptocurrencies have fallen to their lowest levels" title="">
 Five cryptocurrencies showing the biggest price fall of the week are Mantle, Rocket Pool, Conflux, Avalanche, Polygon. Cryptocurrency <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.
 The cryptocurrencies shown in the chart below have fallen to their lowest levels. Given the fact that the cryptocurrency has formed a range at the bottom of the chart, further upside seems unlikely.
 <h2 style="text-align: justify;" id="mantle">Mantle</h2>
 
 The price of Mantle (MNT) has dropped significantly and is currently in a downtrend. The bulls crossed the moving average lines on October 2, but the 50-day line SMA held them back. For three days the altcoin was held between the moving average lines. The break of the 21-day line SMA by the bears signifies the beginning of a new downtrend. MNT is selling for $0.32 at this point. The cryptocurrency asset is oversold. It is unlikely that the cryptocurrency will fall further. Mantle is the worst performing coin due to the following characteristics:&nbsp;
 <img width="980" alt="MNTUSD_(Daily Chart) – OCT. 15.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/17/d047c13844723a5d497340a309e46ef9.webp" height="551" title="MNTUSD_(Daily Chart) – OCT. 15.23.jpg"> 
 
 Current price: $0.3276
 
 Market capitalization: $2,037,238,339
 
 Trading volume: $28,993,717&nbsp;
 
 7–day loss: 17.20%
 <h2 style="text-align: justify;" id="rocket-pool">Rocket Pool</h2>
 
 The price of Rocket Pool (RPL) has dropped significantly and has reached the bottom of the chart. The altcoin fell to a low of $16.85 on October 13, but the bulls bought the dips. RPL made an upward correction, but the upward movement was limited by the resistance at $21 or the 21-day line SMA. If the barrier at $21 is broken, the altcoin will rise above the moving average lines. The uptrend will continue to a high of $29. If the altcoin fails to break above the moving average lines, it will fall or be forced to trade in a range between $17 and $21. RPL is the second worst cryptocurrency based on the following criteria:&nbsp;
 <img width="980" alt="RPLUSD_(Daily Chart) – OCT. 15.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/17/d1744cdcd6c7b049c1ffc909529ad641.webp" height="551" title="RPLUSD_(Daily Chart) – OCT. 15.23.jpg"> 
 
 Current price: $20.12
 
 Market capitalization: $397,250,307
 
 Trading volume: $20,217,773&nbsp;
 
 7–day loss: 14.35%
 <h2 style="text-align: justify;" id="conflux">Conflux</h2>
 
 Conflux (CFX) has been in a sideways trend since the August 17 decline. Selling pressure eased above the $0.11 support level, and the price has been trading in a range between $0.11 and $0.14 since then. These price ranges have not been crossed yet. The altcoin found support above $0.11 on October 9 when the bears broke below the moving average lines. Doji candlesticks have dominated price action since October 1 as the cryptocurrency resumes consolidation above current support. At the time of writing, the altcoin is currently trading for $0.1149. The third worst cryptocurrency is CFX. Below are some of its distinctive characteristics:
 <img width="980" alt="CFXUSD_(Daily Chart) – OCT. 15.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/17/7bb699bfd2239886498066f25199e523.webp" height="551" title="CFXUSD_(Daily Chart) – OCT. 15.23.jpg"> 
 
 Current price: $0.1149
 
 Market capitalization: $609,074,327
 
 Trading volume: $7,418,186&nbsp;
 
 7–day loss: 11.49%
 <h2 style="text-align: justify;" id="avalanche">Avalanche</h2>
 
 The price of Avalanche (AVAX) has dropped below its moving average lines and is currently in a downtrend. The altcoin experienced an upward correction on September 24, ending with a high of $12. Today, the altcoin reached a low of $9.15 and dropped below the moving average. On the downside, the decline will continue if the altcoin declines and falls below the existing support at $8.70. However, if the current support holds, the altcoin will be forced to trade sideways between $8.70 and $11.00. The fourth worst cryptocurrency, AVAX, has the following characteristics:
 <img width="980" alt="AVAXUSD(Daily Chart) – OCT. 15.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/17/574416818dea9ec080db221bda57e531.webp" height="551" title="AVAXUSD(Daily Chart) – OCT. 15.23.jpg"> 
 
 Current price: $9.14
 
 Market capitalization: $6,602,930,984
 
 Trading volume: $53,307,250&nbsp;
 
 7–day loss: 11.29%
 <h2 style="text-align: justify;" id="polygon">Polygon</h2>
 
 Polygon (MATIC) has been moving sideways since June 10 after stopping the downtrend above the $0.50 level. Initially, the altcoin rose to a high of $0.89. As the market entered an overbought zone, the positive momentum could not be sustained. MATIC is currently trading above the support level of $0.50. The existing support has already been unsuccessfully tested by the bears three times. At the time of writing, the altcoin is selling for $0.51. The altcoin's price is currently hovering between $0.50 and $0.59. If Polygon loses its current support, its value will drop even more. The coin with the fifth worst performance this week is MATIC. It has the following characteristics:&nbsp;
 <img width="980" alt="MATICUSD_(Daily Chart) – OCT. 15.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/17/b133fe81db4fa1767aab9781e5a68a4a.webp" height="551" title="MATICUSD_(Daily Chart) – OCT. 15.23.jpg"> 
 
 Current price: $0.5194.
 
 Market capitalization: $5,199,230,645
 
 Trading volume: $160,133,136&nbsp;
 
 7–day loss: 10.00%
 Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and 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.
 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/weekly-cryptocurrency-market-analysis-altcoins-drift-to-the-bottom-of-the-chart-as-buyers-pull-back-tbt66654.html">https://thebittimes.com/weekly-cryptocurrency-market-analysis-altcoins-drift-to-the-bottom-of-the-chart-as-buyers-pull-back-tbt66654.html</a>

Weekly Cryptocurrency Market Analysis: Altcoins Drift To The Bottom Of The Chart As Buyers Pull Back

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