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Wednesday, November 25, 2020

Crypto Tokens Losing Value on August 24th: YFI, AMPL, MIOTA.

Amid disappointing losses recorded within a plunging total crypto market capitalization in the last day, many altcoins are carrying the brunt of the market forces.

In the last 24 hours, YFI is seen to have a minor 2% loss. AMPL and MIOTA, however, are nurturing the common touch with little fewer percentage losses too.

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This version of market watch sheds light on the top market losers of the past 24 hours for investors to consider before diving into investing in their desired cryptocurrencies.

#1. Yearn.finance (YFI):

YFI had a neat market grasp within the last 24 hours. In the timeframe described, the coin received around 2.7% loss to balance up a week-long market gain which accumulated to around 110%.

At the time of writing this piece, YFI is trading at $13,183.49 while plunging towards the $13,000 mark. This is about a 150% difference in the biweekly time frame.

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The coin overcame the $14,000 resistance level but failed the next opposition at $14,100. Before midday, FYI tested the price level at $14,100 but failed to break the level properly. It later fell below to build key support at $14,000.

Within the last 30 days, FYI gained around 1,000% to register a substantial profit amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $14,200
  • Next level of major support at $14,000
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

#2. Ampleforth (AMPL):

AMPL receives the next spot amidst this wave of market losers with 3.2%loss

AMPL is immediately changing hands at $0.764018 as the market capitalization sinks to $242 million. The coin’s exchange volume in the last 24 hours is approximately $23 million.

Technical Points

AMPL halted at the resistance level at $0.715 to crash below the level. Finally, the coin dipped all the way to $0.711 with a 12% loss

Below this level, the additional level of key resistance lies at $0.73 where prices have assessed and declined in the past.

  • Next major resistance $0.73
  • Next major support at $0.70
  • RSI approaching overbought condition at 70.0

#3. IOTA (MIOTA):

MIOTA  is down by 2.97% in the last 24 hours. The coin’s market sentiment is almost evenly distributed with 55% positivity.

MIOTA is still up by nearly 60% since last year and up by 1.0% since the last hour. However, the coin improved by 52.5% within the last month and is up by around 2.7% in the last seven days.

MIOTA is currently trading at $0.38 with its 24-hour market cap stable at $1 billion. In addition, the coin’s exchange volumes within the last day are $30 million.

Technical Indicators

  • Next major resistance level at $0.40
  • Next key support at $0.36
  • RSI at 10.0 oversold condition
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