The crypto market experienced a significant collapse at the beginning of this week. Many people preferred to sell their assets in order to balance these decreases. Therefore, this only intensified the downward pressure. Crypto analyst Aaryamann Shrivastava, all today To the lowest levels of times Seeing WLD Coin and two subcoin He’s on the table.
Move (Move)
Move’s price could not rise above $ 0.52 at the beginning of this week, a 30 %sharp decline. This downward trend reflected Bitcoin’s struggles in the general market, led to the formation of $ 0.37, the lowest level of all time in the last 24 hours. It can be difficult to recover without a strong support.
As Bitcoin tries to exceed $ 89,000, wider market conditions can heal. This may have a positive effect on subcoins such as Move and potentially raise their prices up. The key resistance level, which must be overcome for a potential recovery, can help balance the price.
Move Price Analysis. Source: TradingViewAltcoin may experience more losses if the wider market continues to decline or does not reclaim $ 0.52. Going below $ 0.37, the lowest level of all time, may indicate deeper decreases and invalidate the rise appearance for subcoin. The next support level to be followed is $ 0.30.
Polygon (Pol)
The POL price decreased by 24.6 %during the general decline in the market this week and saw the lowest level of all time with $ 0.228. However, since then it has recovered a little and is currently traded for $ 0.254. As the market conditions improve, if the signs of rise continue to emerge, POL has the chance to recover.
In order to recover the latest losses, POL needs to recover the critical support level of $ 0.292. This support can help to compensate for last week’s losses by allowing Altcoin to rise to $ 0.359. A successful violation will also point to a new monthly high level, indicate that the confidence of the investor is refreshed.
Polic Price Analysis. Source: TradingViewHowever, if the decline tendency continues, POL may continue to decline and go below $ 0.228. If this happens, the Altcoin may fall to $ 0.200 and invalidate the rise appearance. Pol’s price movement will depend on wider market conditions and investor sensitivity in the coming days.
WorldCoin (WLD)
The WLD price fell 28 %during the market collapse on Monday, reaching $ 0.86, the lowest level of all time. Subsequently, Altcoin was traded for $ 0.99, showing a slight recovery. Despite the losses, the latest price movement shows the potential of healing depending on wider market conditions and support from investors.
The lowest level of all time took place after WLD lost critical support of $ 1.10. In order for the Altcoin to recover, it must first exceed $ 1.10 and convert this resistance into support. Doing this successfully can help him to compensate for his latest losses by directing the Altcoin towards $ 1.33.
WLD Price Analysis. Source: TradingViewIf the decline tendency continues to be effective on WLD, Altcoin may fall below $ 0.86, the lowest level of recent times to form one of the lowest levels of all time. The lack of investor confidence may further lower the subcoin.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
