{"id":8696,"date":"2022-02-22T21:45:27","date_gmt":"2022-02-22T21:45:27","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8696"},"modified":"2022-02-22T21:45:27","modified_gmt":"2022-02-22T21:45:27","slug":"altcoin-tumble-outlining-tuesdays-top-losers","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8696","title":{"rendered":"Altcoin tumble: Outlining Tuesday\u2019s top losers"},"content":{"rendered":"


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Most top coins from the crypto space had shed a fair share of their respective valuations during the early hours of Tuesday. However, by mid-day, the market had started cooling down and the coins were seen making up for their losses. <\/p>\n

Bitcoin<\/a> managed to shrug off the bearish sentiment on the daily time frame and had already entered into the green territory. Trading at $37.5k at the time of press, the market\u2019s king-coin had noted an 0.18% uptick when compared to the previous day. Its weekly losses, however, continued to revolve around 15%, indicating that it was not yet out of the woods. <\/p>\n

The altcoin leader, Ethereum<\/a>, was in a fairly similar position. However, XRP and Cardano were the top alt losers, for they had depreciated by 8% and 5% respectively. <\/p>\n

\"\"Source: CMC<\/a><\/figure>\n

XRP<\/h3>\n

XRP<\/a> was trading at quite a critical juncture at the time of the press. As can be noted from the chart attached below, the $0.7 level acted as a support during the first two weeks in January and briefly stopped the token from tumbling. Currently, XRP is trading around the same range. <\/p>\n

If XRP manages to hold back, then it would be able to put a cap on its losses. A failure to cling on to the said level could push back XRP to the region [around $0.59] where it consolidated during the late-January, early-February period. <\/p>\n

\"\"Source: TradingView<\/figure>\n

Cardano<\/h3>\n

Cardano seemed to be in a much trickier position at the time of press. A couple of days back, the token lost its crucial $1 support lifeline, as a result of which, it started trading around its 2021 late-February levels of $0.8. <\/p>\n

To aggravate the wounds further, ADA<\/a> has also been trading below its 50 and 200 day moving averages \u2013 another sign of weakness. Despite the wobbly price environment, it should be noted that Cardano\u2019s fundamentals<\/a> continue to remain undeterred and vouch for a bright long-term future. <\/p>\n

\"\"Source: TradingView<\/figure>\n

Apart from the aforesaid altcoins registering losses, Solana<\/a> also had depreciated by 4%, making it Tuesday\u2019s third-largest daily loser. <\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most top coins from the crypto space had shed a fair share of their respective valuations during the early hours of Tuesday. However, by mid-day, the market had started cooling down and the coins were seen making up for their losses. Bitcoin managed to shrug off the bearish sentiment on the daily time frame and […]<\/p>\n","protected":false},"author":1,"featured_media":6772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[349,2228,5459,114,5460,665],"class_list":["post-8696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoin","tag-losers","tag-outlining","tag-top","tag-tuesdays","tag-tumble"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/cardano-bg.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8696"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8696\/revisions"}],"predecessor-version":[{"id":8697,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8696\/revisions\/8697"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/6772"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8696"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}