Bitcoin Cash

Maker

Bitcoin SV

Bitcoin

MultiversX

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   Nov 16, 2023 at 07:33 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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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/028/900_900_1/xbv9s0g6vzgo3077ctucaefp0ihc6i9h.jpg" width="900" height="563" alt="" title="">
 <p><strong>The altcoins in cryptocurrency <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com today are: EGLD, MKR, Bitcoin SV, APE and BCH. </strong></p>
 <p style="text-align: justify;">The worst performing cryptocurrencies are either in a sideways trend or in a downtrend. This is due to the fact that the cryptocurrencies are unable to overcome the overarching resistance levels.</p>
 <h2 style="text-align: justify;" id="multiversx">MultiversX</h2>
 <p style="text-align: justify;">The price of MultiversX (EGLD) has recovered from its previous downtrend. The upward correction reached a high of $56.22 before retracing. The upside correction has stalled below resistance at $48 since November 5. The upward correction reached the historical price level of March 20.</p>
 <p style="text-align: justify;">The altcoin is pulling back after reaching a new high twice. If the current uptrend retraces and stays above the moving average lines, it could continue. This means that the altcoin will trade sideways between $35 and $48. However, if the price falls below the moving average lines or the $35 support, the downtrend will resume.</p>
 <p style="text-align: justify;">EGLD is the worst performing cryptocurrency over the past week for the following reasons:&nbsp;</p>
 <p style="text-align: justify;">Current price: $42.11</p>
 <p style="text-align: justify;">Market capitalization: $1,322,859,098</p>
 <p style="text-align: justify;">Trading volume: $59,630,799&nbsp;</p>
 <p style="text-align: justify;">7–day loss: 6.46%</p>
 <p style="text-align: justify;"><img width="1024" alt="EGLDUSD_(Daily Chart) – NOV.12.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/a43685be48b78171e62343e12ffd2966.webp" height="535" title="EGLDUSD_(Daily Chart) – NOV. 12, 2023"><br></p>
 <h2 style="text-align: justify;" id="maker">Maker</h2>
 <p style="text-align: justify;">Maker (MKR) has entered a downtrend after hitting a high of $1,648 on October 23. The bulls have tried unsuccessfully to keep the price above the moving average lines. The decline has already reached a low of $1,277. The value of Maker will fall to $1,180 before rising again. The current price level of $1,277 is the historical price level from September 22.</p>
 <p style="text-align: justify;">If the current support holds, the market will resume its uptrend. The second worst performing cryptocurrency is Maker. Below are some distinguishing characteristics:</p>
 <p style="text-align: justify;">Current price: $1,275.30</p>
 <p style="text-align: justify;">Market capitalization: $1,282,462,280</p>
 <p style="text-align: justify;">Trading volume: $79,754,893</p>
 <p style="text-align: justify;">7–day loss: 6.54%</p>
 <h2 style="text-align: justify;" id="img-width-1024-alt-mkrusd_-daily-chart-nov-12-jpg-src-https-cdn-thebittimes-com-images-2023-11-16-a74d974703da77f9cd8ceb33e825e69f-webp-height-535-title-mkrusd_-daily-chart-nov-12-2023-br-br-bitcoin-sv"><img width="1024" alt="MKRUSD_(Daily Chart) – NOV.12.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/a74d974703da77f9cd8ceb33e825e69f.webp" height="535" title="MKRUSD_(Daily Chart) – NOV.12, 2023"><br> <br> Bitcoin SV</h2>
 <p style="text-align: justify;">Bitcoin SV (BSV) is declining, albeit in a sideways pattern. After reaching resistance at $56, the altcoin began a sideways trend. Since October 21, the cryptocurrency value has fallen below the 21-day simple moving average, reaching a low of $48. The current decline will continue until the price reaches a low of $35 or falls below the moving average line. BSV is the third worst performing cryptocurrency according to the following criteria:</p>
 <p style="text-align: justify;">Current price: is $48.97</p>
 <p style="text-align: justify;">Market capitalization: $1,028,250,703</p>
 <p style="text-align: justify;">Trading volume: $65,491,402&nbsp;</p>
 <p style="text-align: justify;">7–day loss: 3.93%</p>
 <h2 style="text-align: justify;" id="img-width-1024-alt-bsvusd_-daily-chart-nov-12-jpg-src-https-cdn-thebittimes-com-images-2023-11-16-121d0d4f7e7080dde424fb09dca93e36-webp-height-535-title-bsvusd_-daily-chart-nov-12-2023-br-br-apecoin"><img width="1024" alt="BSVUSD_(Daily Chart) – NOV.12.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/121d0d4f7e7080dde424fb09dca93e36.webp" height="535" title="BSVUSD_(Daily Chart) – NOV.12, 2023"><br> <br> ApeCoin</h2>
 <p style="text-align: justify;">The price of ApeCoin (APE) is rising, although it is declining. The rising correction has stopped after peaking at $1.60. The long candlestick wick suggests strong selling pressure at higher prices. However, if the altcoin retraces above the moving average lines, a further rise seems speculative. The candle from November 9 has a long wick, indicating strong buying pressure at the current support. If the price of the cryptocurrency remains above the moving average lines, the coin will rise. A break below the moving average line indicates that the decline has resumed.</p>
 <p style="text-align: justify;">In terms of performance, APE is the fourth worst performing coin. It has the following characteristics:</p>
 <p style="text-align: justify;">Price: $1.39</p>
 <p style="text-align: justify;">Market capitalization: $1,391,965,327</p>
 <p style="text-align: justify;">Trading Volume: $75,091,854&nbsp;</p>
 <p style="text-align: justify;">7–Day Loss: 3.73%</p>
 <p style="text-align: justify;"><img width="1024" alt="APEUSD_(Daily Chart) – NOV.12.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/1d089a50ba280bd65700f787e977c511.webp" height="535" title="APEUSD_(Daily Chart) – NOV.12, 2023"><br></p>
 <h2 style="text-align: justify;" id="bitcoin-cash">Bitcoin Cash</h2>
 <p style="text-align: justify;">Bitcoin Cash (BCH) was in a sideways trend after breaking above the $329 overhead resistance.</p>
 <p style="text-align: justify;">The cryptocurrency fell to a low of $164 before starting a sideways trend. The barrier at $269 limits the upside correction. The altcoin is now trading between the moving average lines. The movement between the moving average lines will continue for a few days. At the time of writing, BCH was trading at $234. In terms of performance, BCH is the fifth worst performing coin. It has the following characteristics:</p>
 <p style="text-align: justify;">Price: $234.39</p>
 <p style="text-align: justify;">Market capitalization: $4,921,999,382</p>
 <p style="text-align: justify;">Trading volume: $164,298,107&nbsp;</p>
 <p style="text-align: justify;">7–day loss: 2.92%</p>
 <p style="text-align: justify;"><img width="1024" alt="BCHUSD (Daily Chart) – NOV.12.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/9a298e82a5c1f70d4d1cb3808ba3a977.webp" height="535" title="BCHUSD (Daily Chart) – NOV.12, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">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.</span></i></p> <br>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/weekly-cryptocurrency-analysis-altcoins-fall-after-hitting-a-barrier-at-recent-highs-tbt70532.html">https://thebittimes.com/weekly-cryptocurrency-analysis-altcoins-fall-after-hitting-a-barrier-at-recent-highs-tbt70532.html</a></p>

Weekly Cryptocurrency Analysis: Altcoins Fall After Hitting A Barrier At Recent Highs

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