Zilliqa

Synthetix

PancakeSwap

Optimism

<ul><li>CAKE experienced a new yearly low as the worst performing cryptocurrency of the week.</li><li>OP, SNX, and ZIL prices dropped, and further bearish market is expected.</li><li>Despite a positive market recovery, these cryptocurrencies failed to take advantage of opportunities this week.</li></ul>COINOTAG is closely examining the biggest altcoin losers in the entire cryptocurrency market, especially between April 21-28.This week, the biggest losers in price in the entire cryptocurrency market are:<ol><li>PancakeSwap (CAKE) price dropped by 21.00%</li><li>Optimism (OP) price dropped by 10.56%</li><li>OKB (OKB) price dropped by 9.77%</li><li>Zilliqa (ZIL) price dropped by 9.06%</li><li>Synthetix (SNX) price dropped by 9.06%</li></ol><h2 id="header-0">PancakeSwap (CAKE), Leader of the Worst Performing Cryptocurrencies</h2>The CAKE price has been dropping since it broke a rising support line on April 19. The line had been present since June 2022. Therefore, its breakage means the end of the upward movement.Additionally, the CAKE price dropped below the $3.20 horizontal support area and experienced a new yearly low in the process. Currently, the digital asset is trading within the $2.60 price level support.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1d0a886b03bf465c98dcaea5c0f82927.png" />If the price drops, a sharp drop could follow up to $0.70. However, if the CAKE token price bounces, it could revisit the $3.20 area.<h2 id="header-1">Optimism (OP) Price is Trading Within a Bearish Market Trend</h2>The OP price has been dropping below a descending resistance line since the beginning of February. More recently, the line was a reason for rejection on April 15 (red symbol).When combined with the $2.0 horizontal support area, the price movement creates a bearish market pattern. This means that a breakout is the most likely scenario.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/aedd3d599aca45508632233fac9d39e9.png" />If OP breaks, the nearest support will be at $1.40, which was created by a rising support line and a horizontal support area. However, if OP bounces, it could reach the $2.40 resistance line.<h2 id="header-2">OKB (OKB) Price is Trading Within a Neutral Pattern</h2>The OKB price has been trading within a symmetrical triangle since February 17. The symmetrical triangle is considered a neutral pattern that has both an exit and a breakout possibility. Currently, the price is trading in the middle of the pattern.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/58a53f2156c445038ab6b3f57b69680e.png" />If the worst performing cryptocurrency breaks, it could drop to the nearest support area at $34. However, if a breakout occurs, OKB could reach a new all-time high at $72.Continue Reading: <a href="https://en.coinotag.com/trash-can-5-cryptocurrencies-with-low-performance-this-week/" rel="noopener noreferrer nofollow">https://en.coinotag.com/trash-can-5-cryptocurrencies-with-low-performance-this-week/</a>

Trash Can: 5 Cryptocurrencies with Low Performance This Week

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