The Value Losers Of The Bear Market | 10% To @tron-fan-club
Good evening, I hope everyone is doing very well at the Tron fan club. The past week has been a decline for the whole market. Over the week we have seen many instances of devaluation. And evidently, this has taken a toll on the market. And many tokens have lost some serious value over this week. Today we take a look at some of the most declined tokens.
|=====>SATS<=====|
We can start with SATS. In the chart, it shows that the token has only gone one way, down. 7 days ago SATS was traded at 0.0006$ which later went down to the 0.00055$ support margin. It fell from there to 0.0005$ and stayed there for 3-4 days. Then it couldn't find momentum and went down again. Now touching 0.0004$. A 33.22% loss while losing two important ranges of support.
|=====>ORDI<=====|
Next, we will go through ORDI. This token shares a similar path to SATS. Last week it was rated at 72.48$ before going down and hovering over the 65$ support margin. Then on the 22nd of January, it lost the support and bumped at 60$. But the crash was too strong and finally, it was at 55$. Though now it's valued under 55$, at 53$, it can at least hold on to the 55$ support range. Still a 26.5% loss in valuation.
|=====>Mina<=====|
Lastly, we have Mina. Mina was already going through a downward trend. But in our count, it was rated at 1.29$ last week. It continuously went down and bumped at 1.1$. Then the token tries to gain momentum for the next few days. Before the final crash in the market took place. Then it finally dips below 1$ in value but luckily it recoups and stays afloat. Currently, it is hanging onto that 1$ barrier with a 22% loss in value.
No words from this article should be taken as financial advice.
Thank You.
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Thanks for great effort in sharing this piece, bad to see ORDI is one for the value losers of this bear market, hopefully it makes a turn around
Your article is very amazing . Nicely explained. I hope you write articles like this in the future.Thank you.
This is a great article and you have defined some of the crypto tokens and its value very clearly. In fact, I think that if we are taking an entry with future trades, it is very successful to choose such types of tokens when we choose for short trades.