This week saw 80% of the top 100 cryptocurrencies enjoy a massive bullish market. However, some coins still managed to experience a drop in their value. In the last couple of days, coins like Quant and Klaytn, although they had enjoyed a largely smooth rise through the chart level, suffered some regression, by some 30% even.
However, for some coins, like Chain, Maker, and Casper, the downtrend only continued. However, buyers in these coin markets keep trying vehemently to keep the price level up.
On the 25th, the CSPR market broke out of the Bush channel within which it was moving. As the SuperTrend indicates, Casper’s price has since continued to decline and has hence lost the support level at $0.04300. However, the Relative Strength Index indicates that the market is at the edge of a bullish phase.
Current price: $0.04235
Market capitalization: $446,832,914
Trading volume: $20,528,720
The Super-trend indicator shows that since the 22nd, the market has continued to rise in a stepwise manner. The market has been dropping at significant points, all for the price to see a sharp rise. For a long time, KLAY experienced a decline in value before its buyers eventually got a foothold at $0.11860. After the retest of $0.24050, the price is expected to reach a new high after the retest of $0.24050. However, TSI remains above the signal line.
Current price: $0.2506
Market capitalization: $775,989,547
Trading volume: $170,679,999
The XCN coin has, since the 19th of the month, continued to move within an asymmetrical triangle. It has experienced a significant drop from $0.07250 to the current price of $0.05210. The SuperTrend has turned red since the 20th, except the price spiked up to $0.05290 earlier in the week. The bearish trend can be expected to continue, however.
Current price: $0.05211
Market capitalization: $1,117,187,365
Trading volume: $6,684,787
The Parallel Channel, like the Super-trend, shows that the price of QNT has been bullish, despite the large fluctuations in price. All through September, till the 17th of October, the price moved below the centerline until the breakthrough occurred. However, ever since the price reached $227.60, it has retested the support level at $159.60 twice, although it has failed to reach the peak again. The retest move saw the coin price reach a 30% decline, although RSI and TSI suggest that the coin had already become oversold at that point.
Current price: $167.67
Market capitalization: $2,024,198,800
Trading volume: $66,806,964
MKR has seen a steady drop in two weeks or thereabouts. However, the coin started to rise after the last low was formed. The coin price increased significantly enough to be observed by the SuperTrend. The indicator has turned green, with the RSI also breaking above the center line, signifying a potential new bullish trend.
Current price: $924.87
Market capitalization: $906,318,060
Trading volume: $45,771,230
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