Top Crypto Losing Value : AMPL 35%, OMG 13%, SNX 10%

The crypto markets today appear to have plunged into a bearish picture. This is the excess of the last 24 hour since when the bears took charge of the general markets direction and resumed a severe selling pressure.

Today’s market watch features top losers which have driven the bear markets in downward trend.

Alongside Bitcoin and many other cryptocurrencies that dived into a seemingly bottomless pit, AMPL is leading on with a significant 37% loss.

#1. Ampleforth (AMPL 35% Loss):

AMPL receives the initial spot amidst this wave of market losers with roughly 35% loss. 

Today’s loss is a continuation from the last 24 hours in which AMPL has lost almost 80% in value altogether. 

AMPL is immediately changing hands at $1.35 as the market capitalization sinks to $340 million. The coin’s exchange volume in the last 24 hours is approximately $86 million.

Technical Points

AMPL failed at the resistance level $1.6 and has been consolidating below the level for sometime Finally, the coin dipped all the way to $1.25 with a 35% loss

Below this level, the additional level of key support lies at $1.20 where prices have been assessed in the past.

  • Next major resistance $1.60
  • Next major support at $1.20
  • RSI approaching overbought condition at 70.0

#2. OMG Network (OMG 13% Loss):

Following some impressive gains already made last month,  OmiseGo, OMG is taking a top spot in the free markets. The coin is down by 13% since yesterday. 

About 35% of market respondents are bearish on OMG and it looks like the top coin is liable to submitting more losses to cancel out its weekly gains. 

Within the last one year, OMG attained 305% and has listed gains in many other time frames since last year. It lists 181% gains since last month. The coin records 18% loss in the last week. Approximately 1.4% gain has also been recorded in the last hour.

The current price is $4.42 with an average market cap of $616 million. Also, more than $580 million of volumes was seen in the past 24 hours.

Technical Points

  • Prices set support at the $4.2 level
  • The next level of major resistance lies at $4.6
  • Resistance Strength Index (RSI) is flat at 10.0 oversold condition.

#3. Synthetix Network Token (SNX 10.7% Loss):

SNX grabs the third rank in this wave of top loser’s list. The coin has lost around 10.7% since the past 24 hours. 

Preceding today’s loss, although, SNX obtained some profit within the week invariably. The coin advanced by 5.6% within the last 7 days. Also, in the one-month timeframe, SNX earned 55.4% and still gained roughly 1,400% within the last year.

Technical Points

Prices fell through the $7.0 level all the way down to the $6.0 area.  Building a string of support around SNX established tough support at the $6.1 level. With the immediate resistance at $6.4, additional level of stiff resistance exist at $6.6.

  • Next key support at $6.1
  • Next key resistance at $6.4
  • RSI broke through the 70.0 level upwards. A little retracement to 50.0 is imminent.

Also read :

  • What Bitcoin Will Look Like in 2021?
  • How To Invest in DeFi? – Helpful Guide



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