Maker

KuCoin Token

FTX Token

Resistance

Mantle

<div class="coinidol">
 <div class="info">
 <div class="news_info">
 Feb 03, 2024 at 08:31 // Price
 </div>
 <div class="author-box">
 <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> Author Coin Idol 
 </div>
 </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/e6d/900_900_1/lgfk3ngdbxtz9ypd2es3tpqsarr84uao.jpg" width="900" height="563" alt="" title="">
 The worst-performing cryptocurrencies have come under renewed selling pressure after hitting recent highs.
 As a result, altcoins have slipped below moving average lines, accelerating their decline. Others have been stranded between the moving average lines as they attempt to trend.
 <h2 style="text-align: justify;" id="ftx-token">FTX Token</h2>
 FTX Token (FTT) is in an uptrend as it recovers from its previous decline. Currently, the altcoin has fallen below the moving average lines. Buyers have not been able to keep the price above the $5.50 mark. The altcoin's slump ended after it fell to a low of $1.44 and then recovered.
 The extended candlestick tail points to strong buying at the $1.44 support level. On the upside, the altcoin will resume its positive trend if buyers keep the price above the moving average lines. FTT is now worth $2.14.
 According to these characteristics, FTT is the worst altcoin among cryptocurrencies.
 The current price: $2.19
 Market capitalization: $763,106,441
 Trading volume: $196,155,068
 7–day loss: 15.88%
 <img width="1024" alt="FTTUSD_(Daily Chart) – JAN. 31.jpg" src="https://cdn.thebittimes.com/images/2024/02/03/23f9ed5751be533bb1dc567bdec063ba.webp" height="551" title="FTTUSD_(Daily Chart) – JAN. 31, 2024"> 
 <h2 style="text-align: justify;" id="maker">Maker</h2>
 The price of Maker (MKR) is on an upswing as it recovers from the previous decline. The upswing has ended after reaching a high of $2,265.
 On January 11, 2024, the altcoin was rejected as it rallied to resistance at $2,200. MKR has now fallen below the 21-day SMA but remains above the 50-day SMA. The price movement is expected to be capped by the moving average lines. In other words, the altcoin will develop a trend after the moving average lines are broken. For example, if the altcoin rallies, it will rise above the 21-day SMA with the upside momentum extending to a high of $2,200.
 MKR will trend higher if it breaks above the previous high of $2,200. The second worst performing altcoin is MKR. Below are some notable characteristics:
 Current price: $1,959.94
 Market capitalization: $1,971,378,313
 Trading volume: $52,906,231
 7–day loss: 4.29%
 <img width="1024" alt="MKRUSD_(Daily Chart) – JAN. 31.jpg" src="https://cdn.thebittimes.com/images/2024/02/03/7aac5f1f1ce493a1494740a85d62c9c1.webp" height="551" title="MKRUSD_(Daily Chart) – JAN. 31, 2024"> 
 <h2 style="text-align: justify;" id="mantle">Mantle</h2>
 Mantle (MNT) has resumed its uptrend after crossing the historical price threshold of $0.60. Today, the altcoin is slipping after reaching a high of $0.85. MNT has fallen below the moving average lines. It is predicted that the altcoin will continue to fall.
 However, the price indication predicts that MNT will fall and then reverse at the 1.272 Fibonacci extension or $0.52. MNT is currently worth $0.56. MNT's performance was rated as the third worst. It has the following characteristics:
 Price: $0.568
 Market capitalization: $3,522,528,398
 Trading volume: $106,553,673
 7–day loss: 4.21%
 <img width="1024" alt="MNTUSD_(Daily Chart) – JAN. 31.jpg" src="https://cdn.thebittimes.com/images/2024/02/03/57bdba28a50c808b0c85fc97c50d132c.webp" height="510" title="MNTUSD_(Daily Chart) – JAN. 31, 2024"> 
 <h2 style="text-align: justify;" id="kucoin-token">KuCoin Token</h2>
 KuCoin Token (KCS) was in an uptrend but is now in a sideways trend. The cryptocurrency was in an uptrend after recovering from its previous decline. KCS rallied to a high of $14 but was rejected. The altcoin fell above the moving average lines before entering a sideways trend. KCS has fallen from a high of $14.00 to a low of $9.00. Currently, the market is characterized by small, indecisive candlesticks known as doji. These candlesticks slow down the price movement of the coin.
 KCS is now the fourth worst performing cryptocurrency.
 It has the following characteristics:
 Price: $9.47
 Market capitalization: $1,609,767,970
 Trading volume: $1,639,669
 7–day loss: 3.88%
 <img width="1024" alt="KCSUSD_(Daily Chart) – JAN. 31.jpg" src="https://cdn.thebittimes.com/images/2024/02/03/a7e0297d1a3b7c02caf7105fb75136cb.webp" height="551" title="KCSUSD_(Daily Chart) – JAN. 31, 2024"> 
 <h2 style="text-align: justify;" id="flow">Flow</h2>
 FLOW (FLOW) is down again after recovering from its previous dip. On January 3, the altcoin fell below the moving average lines but remained above the support of $0.71. Since January 3, 2024, the cryptocurrency's upward movement has been slowed by moving average lines.
 Today, the altcoin is retesting its current support of around $0.71, indicating that it will continue to fall. The current support has not been broken since January 3, 2024. If FLOW loses its current support, it will fall even lower, to $0.37. FLOW is the fifth worst performing cryptocurrency.
 The current price: $0.7068
 Market capitalization: $1,050,737,631
 Trading volume: $47,100,276&nbsp;
 7–day loss: 3.90%
 <img width="1024" alt="FLOWUSD_(Daily Chart) – JAN. 31.jpg" src="https://cdn.thebittimes.com/images/2024/02/03/6df65175e18f9ee9e608509b322ea810.webp" height="510" title="FLOWUSD_(Daily Chart) – JAN. 31, 2024">
 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 the research before investing in funds.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/weekly-cryptocurrency-analysis-altcoins-face-strong-resistance-at-recent-highs-tbt78756.html">https://thebittimes.com/weekly-cryptocurrency-analysis-altcoins-face-strong-resistance-at-recent-highs-tbt78756.html</a>

Weekly Cryptocurrency Analysis: Altcoins Face Strong Resistance At Recent Highs

Table of Contents

TheBitTimes

Other articles published on Feb 3, 2024

Solana and BNB holders monitoring Pushd presale

Bitcoin Price Prediction: BlackRock And ProShares’ Bitcoin ETF Volumes Surpass GBTC For First Tim...

Decreasing Profits in Dogecoin: Market Analysis; Bonk Rival Catches Investor Focus

Floki (FLOKI) Responds to SFC Warning, KangaMoon (KANG) and Shiba Inu (SHIB) To Lead Meme Coin Re...

OnePlus Introduces Generative AI Features to OnePlus 11 and OnePlus 12 in China

Bitcoin (BTC) Whale Wallets Show Intriguing but Contrasting Trends

Join our free newsletter for daily crypto updates!