- WIF crypto price declined by 45% in a month, witnessing sellers’ dominance.
- The trading volume for TAO crypto declined by 122% in the past 24 hours.
- LDO price failed to generate a new higher low.
The top 3 falling coins for today are TAO, WIF, and LDO. When writing, TAO declined by 16.08%, Wifdoghat crypto price lost around 9.15%, while the Lido DAO dropped by 12.19% in the past 24 hours.
TAO Crypto Price at Multi-week Low; What’s Next?
Bittensor (TAO) crypto traded at $1.76 at press time, and the fully diluted market cap was $4.93 Billion. The market capitalization was $1.64 Billion, and the circulating supply was 7,015,397 TAO. The 24-H trading volume was $87.06, with a rise of 122%.
TAO crypto chart has displayed a strong bearish trend, and the price reached a multi-week low of $226.15. The price has declined by forming lower lows and lower highs and heading for the support level of $200.
If the digital asset price takes support on the $200 mark and rises, buyers may show interest in buying a dip. Buying momentum on the support level may attract buyers, leading to a bullish momentum.
Alternatively, selling pressure can be seen if the Bittensor crypto price slips below the $200 mark and sustains. The support level of $200 may be the buyers’ last hope; the price below this level may grab liquidity. The liquidity grab below the $200 level may result in strong selling pressure.
WIF Price is Bearish; Will It Defend the $2 Mark?
Dogwifhat (WIF) traded at $2.05 at the time of writing, and its trading volume dropped by 29% in the past 24 hours. WIF’s market capitalization was $2.04 Billion, and the 24-hour trading volume was $299.92 Million.
WIF crypto price has declined by 33% in a month, which indicates the bears’ dominance. The price has dropped due to resistance from the 20-day EMA, which has triggered a negative pullback.
Suppose the WIF price surpasses the 20-day EMA and trading volume increases, buyers may dominate. The price over the $3 hurdle may attract investors in the long term.
On the other hand, if the price abides below the 20-day EMA, the negative pullback may continue. This pullback may drag down the price below the last swing low.
LDO Price Technical Analysis Over 1-D Timeframe
In a broader time frame, the Lido DAO price has witnessed slow and steady growth and has risen by forming higher highs and higher lows. It seems that the LDO price has failed to develop a new higher low, which may give the sellers a chance.
From the beginning of 2024, the Lido DAO crypto price has displayed bearish momentum. It has declined by facing resistance from a trendline and is yet to slip below the major support level at press time.
Suppose the digital asset price fails to defend the major support level; sellers may drag the price below the $1.50 level. On the other hand, if it bounces back and surpasses the 200-day EMA, the price might gain bullish momentum for a longer time.
More Selling Loading?
The top 3 falling coins for today are TAO, WIF, and LDO. Bittensor and Wifdoghat are strongly bearish, while Lido DAO is mildly bearish. The current cryptocurrency market sentiment is bearish, and these coins are affected more as compared to others.
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.