bullish

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<p>During the week, the cryptocurrency market displayed mixed cues as the BTC price struggled to cross the $60k hurdle. While the majority of altcoins faced bearish pressure, popular altcoins Celestia (TIA), dYdX (DYDX), and Ordinals (ORDI) have emerged as the <strong>top crypto losers</strong> of this week. </p> 
<h2 class="wp-block-heading" id="h-top-crypto-losers-a-detailed-analysis"><strong>Top Crypto Losers: A Detailed Analysis</strong></h2> 
<p>TIA has showcased the sellers’ dominance and remained on the top of the losers index. Also, DYDX and ORDI conveyed signs of the selloff and continued to underperform the market. </p> 
<p>Investors are closely watching to see if these tokens have reached their lowest points or if further drops are likely. </p> 
<h2 class="wp-block-heading" id="h-celestia-tia-faces-bearish-pressure-what-s-next"><strong>Celestia (TIA) Faces Bearish Pressure: What’s Next?</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/price-prediction/celestia/">Celestia</a> (TIA), the modular blockchain promised to revolutionize scalability, has been caught in a bearish spiral. Hovering near the crucial support zone at around $4.50, TIA’s price action indicated a follow-up selloff this week.</p> 
<p>Completed a 7-day bearish streak, losing around 26% this week, <strong>TIA price</strong> dragged below the key moving averages. It conveyed intense selling pressure on the chart, an indicator as to why this cryto features among top crypto losers.</p> <iframe loading="lazy" title="Santiment Chart: Price (TIA), Volume (TIA)" width="800" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2024-03-02T18%3A29%3A59.883Z&amp;dt=2024-08-31T18%3A29%3A59.883Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bcelestia%3BTIA%5D%3B%5B1%3Bvolume_usd%3Bcelestia%3BTIA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>TIA Price Volume Chart&nbsp; |&nbsp; Source: Santiment</p> 
<p>At press time, Celestia (TIA) traded at $4.56. It was accompanied by an intraday decline of over 0.89%, revealing bearish cues. This boasted a market cap of around $64139 Million and a circulating supply of 141.03 Million.</p> 
<p>The ongoing price action showed that it has reached the make-or-break zone around $4.50, and investors are in trouble. Last week, it showed a fakeout and faced rejection from the $6 mark, leading to a bearish reversal.</p> 
<p>The $5 mark needs to be crossed for a confirmed reversal for a significant bounce. Conversely, it has breached the $4.30 mark.</p> 
<h2 class="wp-block-heading" id="h-dydx-dydx-reached-make-or-break-level-breakdown-imminent"><strong>dYdX (DYDX) Reached Make Or Break Level: Breakdown Imminent?</strong></h2> 
<p>dYdX (<a href="https://www.thecoinrepublic.com/2024/08/17/dydx-price-gains-15-this-week-price-correction-incoming/">DYDX</a>), a layer-2 decentralized exchange operating on a proof-of-stake blockchain, has experienced a massive decline recently. Trading in a sustained downtrend, the token exhibited a severe correction of over 60% in the last two months.</p> <iframe loading="lazy" title="Santiment Chart: Price (DYDX), Volume (DYDX)" width="800" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2024-03-02T18%3A29%3A59.883Z&amp;dt=2024-08-31T18%3A29%3A59.883Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bdydx-chain%3BDYDX%5D%3B%5B1%3Bvolume_usd%3Bdydx-chain%3BDYDX%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>DYDX Price Volume Chart &nbsp; |&nbsp; Source: Santiment</p> 
<p>At press time, <strong>DYDX price</strong> traded at $0.925 with a notable decline of over 2.60%. It underlined the bearish pressure. Its market cap decreased to $51.49 Million, and the token slipped to the 100th position based on the market cap.</p> 
<p>Its technical favors the bear cartel, representing signs of a downtrend and exhibited underperformance. The daily RSI looked oversold, and the CMF indicator sailed below the zero line, observing strong selling pressure.</p> 
<p>Recently, the token breached the crucial support zone of $1. It gave a strong conviction that it might retest the lower levels in the coming sessions.</p> 
<h2 class="wp-block-heading" id="h-ordinals-ordi-diminished-gains-could-it-defend-25-mark"><strong>Ordinals (ORDI) Diminished Gains: Could It Defend $25 Mark?</strong></h2> 
<p>The largest BRC-20 token of the Ordinals ecosystem, <a href="https://www.thecoinrepublic.com/2024/08/26/can-heightened-sentiments-trigger-a-bullish-reversal-in-ordi/">ORDI</a>, has been trading with a bearish bias. It has faced significant losses for the past few weeks.</p> 
<p>Trading inside a falling channel, <strong>ORDI crypto</strong> faced the channel’s top and underwent a rejection. This led to a decline of over 20% this week.</p> <iframe loading="lazy" title="Santiment Chart: Price (ORDI), Volume (ORDI)" width="800" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2024-03-02T18%3A29%3A59.883Z&amp;dt=2024-08-31T18%3A29%3A59.883Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bordi%3BORDI%5D%3B%5B1%3Bvolume_usd%3Bordi%3BORDI%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%226h%22%7D" scrolling="no"></iframe> 
<p>ORDI Price Volume Chart | Source: Santiment</p> 
<p>With this significant drop, altcoin has fallen below the key moving averages. It is poised to crack the prompt support zone of the $25 mark.</p> 
<p>ORDI traded at $27.84, rising over 1.20% in the past 24 hours. Meanwhile, the surge comes with a 2% rise in trading volume, which means a lack of investor optimism.</p> 
<p>The Bulls need to defend the $25 mark for a significant surge. It has to sustain above the 20-day EMA mark for a meaningful recovery ahead. The $35 mark is the prompt hurdle to crack for the next bullish leg up.</p> 
<p>Conversely, suppose the $25 mark is breached on a closing basis. If this happens, ORDI could revisit the $20 support level in the coming sessions.</p> 
<p>While abovementioned coins feature among the top crypto losers this week, it remains to be seen what the coming months has in store.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/09/01/from-tia-to-ordi-here-are-top-crypto-losers-this-week/">From TIA To ORDI: Here Are Top Crypto Losers This Week</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

From TIA To ORDI: Here Are Top Crypto Losers This Week

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