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Top Altcoins Losing Value: VET 7.8%, ZEC 6.9%, BNB 5.2% – Digital Market News


crypto down trend

The week has been very brutal in the crypto ecosystem. Market sentiments swung entirely bearish with BTC taking the lead. 

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Other coins like VET, however, are not lagging in terms of daily loss. With a  24% daily loss, VET takes top position with runners up being ZEC and BNB.

#1. VeChain (VET 7.8%):

VET comes first on this list. Appearing on our list for the second time in a few days, the top crypto made a considerable 7.8% loss in the past 24 hours.

VET market emotions swings bearish with 50% market negatively responding. As a result, there is much possibility of a bearish trend in the short term.

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In the one-year timeframe, VET gained around 205% but accrues losses in all other time frames including the last 30 days.

VET is presently trading at $0.010 amid a market capitalization of $659 million.

Technical Points

  • Next Key resistance level at $0.0128
  • Next Key Support level at $0.0095
  • RSI fibs at 30.0 oversold

#2. Zcash (ZEC 6.9% Loss):

For the first time this week, Zcash makes our list of top losers. The top cryptocurrency is second on this list have lost around 6.9% within the last 24 hours. 

The coin’s market position is quite positive with 70% of traders being bullish on ZEC. 

Within the last year, ZEC gains 74% but lost 34% in the last two months. The coin is currently trading at $61.87 with market cap stabilizing at $630 million. 

Technical Points

  • Short term trend is bearish
  • Next key resistance at $62
  • Next major support level at $60

#3. Binance Coin (BNB 5.2% Loss):

Coming third on this list, BNB joins the calibre of top losers with roughly 5.2% loss within the last 24 hours.

BNB has a quite disappointing market sentiment. Many market observers believe in the short term possibility of a bearish run. With around 30% market pressure, BNB emits moderate possibility for the further plunge.

Technical Points

  • A major support is building at the $27.5 level
  • Next level of key resistance lies at $28.0
  • RSI swings into a horizontal pattern at the 50.0 level.

As of present, BNB is changing hands at $27.34 amid a market cap of around $3.4 billion.

The post Top Altcoins Losing Value: VET 7.8%, ZEC 6.9%, BNB 5.2% appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

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