- Pendle has been the top loser for the last week of June with a loss of 17%.
- The weakness in the cryptocurrency market might be the effect of Bitcoin’s underwhelming performance.
The top 10 losers for the fourth week of June are Pendle, Gnosis, Ethena, Sui, Lido DAO, Uniswap, Worldcoin, Ronin, Fetch.ai, and BitTorrent. Pendle crypto took the biggest hit of these cryptos with more than 17% lost over the week.
Notably, Bitcoin price was bearish throughout this month. The bearish sentiment of the cryptocurrency has impacted these coins the most.
Technical Analysis of Pendle Price Over Daily Timeframe
Pendle was being traded at $5.08 with an intraday gain of 2.90% at press time. Based on the chart structure, PENDLE was bullish over a longer time frame but had displayed bearishness this month.
The Pendle price has approached the resistance level of $7 twice in the past 2 months. Buyers have attempted again to reach the $7 hurdle but sellers were strong enough and have dragged the price down by 17% over a week.
Gnosis Price Prediction on 1-D Timeframe
Gnosis (GNO) crypto price declined, generating lower lows and lower highs. The lower high swings failed to reach the last swing high over the last few weeks and at press time, the price was below the 200-day EMA.
GNO declined by more than 15% in a week, showing weakness. If the price sustains below the 200-day EMA, sellers may maintain a grip and dominate the trend. On the other hand, if the digital asset price bounces back and surpasses the 200-day EMA, buying momentum would be visible in the next few weeks.
Ethena Price Has Declined by 40% This Month; What’s Next?
The chart structure of ENA crypto displays strong selling pressure this month with a loss of more than 40%. The Ethena price has slipped below the support level of $0.700 and dropped by 11% in a week.
If the digital asset price rebounds and surpasses the 20-day exponential moving average, investors may show interest. Alternatively, if the buyers fail to bounce back, sellers may dominate further.
Sui Price Melted 60% Since April
The Sui price chart displayed a bloodbath since April after a great bullish phase. The price faced resistance from the 200-day EMA and declined by 30% over the past 3 weeks.
If SUI takes support at the $0.800 level and exceeds the 20-day EMA, it could be followed by strong buying pressure. On the other hand, if SUI falls below the $0.800 it may be followed by bearish momentum.
LDO Price Forecast Over Daily Timeframe
On a daily time frame, the Lido DAO crypto price chart has formed a descending triangle pattern and is currently at the support level. Bears may express interest if the digital asset price triggers a breakout from the triangle and sustains.
The Lido DAO price chart displayed slow and steady growth on the larger frame. If the price swings at the support level and rises, the bullish trend could continue for longer.
Uniswap Price Technical Analysis Overview
Uniswap crypto price has taken support at the 200-day EMA after a bearish momentum. Suppose UNI finds support at the 200-day EMA, buying momentum could be seen. By contrast, if the price falls below the 200-day EMA, that would be a bearish sign.
Worldcoin Price Lost 77%
WLD crypto price fell 77% since mid-March. The Woldcoin price is at the major support level of $2.50, positive momentum is expected in the coming sessions. On the contrary, if the price falls below this level, it may result in a bearish forecast.
Ronin Price Technical Analysis
Ronin crypto price has been in a strong bearish trend and has slipped below the 200-day EMA. RON may decline further after a pullback. Otherwise, a sharp reversal can could trigger bullish momentum.
Fetch.ai Price Analysis on 1-D Timeframe
Recently, FET triggered a fake breakout from the 200-day EMA, reflecting bearish momentum. If the price remains below the 200-day EMA, sellers may dominate for the next few weeks.
BitTorrent Prediction Overview
BitTorrent price dropped violently in the past few months and slipped below the 200-day EMA. If the price drops below $0.000000780, bears might maintain the grip. Bouncing back from this level may lead to a reversal.
Conclusion
The top 10 losers of cryptocurrency for the fourth week of June are Pendle (PENDLE), Gnosis (GNO), Ethena (ENA), Sui (SUI), Lido DAO (LDO), Uniswap (UNI), Worldcoin (WLD), Ronin (RON), Fetch.ai (FET), and BitTorrent (BTT). The Bitcoin price has remained bearish for the past few weeks which affected the altcoins negatively.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.