Lido Dao, Worldcoin (WLD) and Notcoin had a poor week, losing the most. Amidst the mixed sentiment and significant recovery in the market, these top crypto losers in terms of price still failed to retain momentum.
The global crypto market cap displayed a rise of over 3.89% to $2.4 Trillion.
Notably, BTC recovered, surging over 4% intraday which fueled the positive sentiment among the other altcoins, except LDO, WLD and NOT. These coins were the top crypto losers price a price perspective and were still trading on the backfoot.
Lido Dao (LDO) Reached Critical Juncture: What to Expect Next?
Lido Dao (LDO) token experienced a significant dip. It fell to its most vital pivotal support zone of $1.50, below its key moving averages.
Trading in a downtrend, LDO was in a make or break situation. The bulls were trying their best to secure the demand zone to avoid any rash selloff.
In the past, LDO token took support multiple times and rebounded from there, which was anticipated this time again.
At press time, LDO was trading at $1.59 with an intraday surge of 1.16%, reflecting a pullback on the chart. It has a market cap of $1.42 Billion and ranked 66.
LDO took support near the $1.50 where it bottomed out. Until the $1.50 mark is breached, there won’t be a sell-off.
Crypto Losers: Notcoin (NOT) Displayed Range Breakdown
Based on the TON network, NOT,a play to earn token reflected low investor interest. It displayed a significant retracement in the past few weeks.
Recently, it broke out of a falling wedge pattern, but failed to hold the gains. In the turnaround which led to a notable push from the supply region, it lost 20% of gains this month.
This week, NOT fell by over 10% and stayed on the second position among the top losers.
At press time, NOT was trading at $0.0140 with an intraday surge of 2.36%, reflecting neutrality on the chart. The monthly return ratio is -20.30% and 1782.0% yearly, reflecting short term correction.
Still, NOT is trading above the 38.2% Fib zone and managed the gains close to the 20 day EMA mark. Once it sustains at the $0.01500 mark, it may continue to ourperform.
Crypto Losers saw Liquidations at Equilibrium
Per the data from Coinglass, the short and long liquidations were at equilibrium, which means that neither the bulls, nor the bears have gained an upper hand. Nonetheless, looking at these top 3 crypto losers, it appeared bears were more dominant in their trading.
Liquidations Data | Source: Coinglass
Worldcoin (WLD) Retested 52 Week Low Mark: Recovery Imminent?
Worldcoin (WLD) declined sharply to its 52 week low support mark of $2, reflecting a sentiment. For the past few weeks, it continued to drop and was under the sellers control.
At press time, WLD was trading at $2.34 with an intraday surge of 6.30%, reflecting neutrality on the chart. It has a market cap of $682.47 Million and was ranked at 106.
Sellers have an upper hand as they continue to add short positions. Leading to a severe fall over 30% monthly and 70% in the last three months.
Price action signifies the lower low swings and the token persisted in stretching the downfall and continued to showcase a sell on bounce structure.
Negative Funding Rate Observed in WorldCoin
Amidst the significant pullback, the negative funding rate was observed on the futures trading platform, which signifies a bearish stance.
Funding Rate Chart | Source: Coinglass
At press time, the funding rate was noted at -$0.058% which cleared that bears have maintained their upper hand.
Undoubtedly, LDO, WLD and NOT were shown their underperformance and stayed in the red this week. However, the trend never exists the same and these altcoins can shift their trajectory ahead.
Investors have to closely track these and find a significant opportunity to accumulate at the dips.