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- WIF crypto price has declined by 35.65% in a week, which is a top loser in the cryptocurrency this week.
- In RENDER crypto, the major support level has flipped to resistance.
- SEI price has lost 25% in a week and is heading for a new lower-low territory.
The top losers of the week are WIF, RENDER, and SEI, which have declined by 35.63%, 26.26%, and 23.28%, respectively. Dogwifhat crypto has remained this week’s biggest loser and has slipped below the key moving averages.
Death Crossover in RSI: Could WIF Price Defend the Major Support Level?
At press time, the dogwifhat price was being traded at $1.68 with an intraday gain of 1.19%. The market capitalization was $1.67 Billion, and the 24-hour trading volume was $531.70 Million.
Since June, the WIF price has been on a bearish trend and has lost around 50%. The bearish trend was halted near the major support level of $1.50. In mid-July, the buyers attempted to dominate. However, the sellers were strong enough to drag down the price to the $1.50 mark.
The price slipped below the 20-day EMA in the last week of July and reached $1.50. Suppose the buyers show interest at the major support level; buying momentum can be generated. Exceeding the 20-day EMA might be a sign of strong bullish momentum.
Turning to the technical indicators, the RSI has triggered a bearish crossover with the RSI-based moving averages. It has formed a bearish divergence, which showcases the bearish forecast.
RENDER Price Reached Lower Low Territory; Could Small Buying Anticipate?
Based on the technical chart, the Render crypto price has declined by forming lower lows and lower highs. In the last week of July, the price faced resistance from the 200-day EMA and witnessed sharp selling.
The major support level of $7 has flipped to the resistance, and the price has recently faced resistance. Suppose the digital asset price forms bullish candlesticks; buying can be observed, and the price may extend to a lower high.
Alternatively, sellers may remain confident if the Render crypto price remains below the $6 hurdle. The price below the $4 level may attract sellers, leading to a bearish trend.
Would SEI Price Shoot Up After the Double-bottom Pattern?
The chart structure showed that the SEI price has fallen through a descending channel. The price has faced resistance from the upper trendline and is heading toward the lower trendline with a sharp down move.
Suppose the price triggers a breakout from the channel; buyers may dominate. If the price manages to exceed the 200-day EMA, buying momentum for the long term can be anticipated.
In contrast, sellers might get the opportunity to lead the trend if the price drops below the channel. It might be difficult for the buyers to bounce back once the price slips below the $0.200 level.
The top losers of the week would be WIF, RENDER, and SEI. WIF price has declined by 36% in a week while 50% since June, showing sellers’ dominance. In Render, the support level has turned into the resistance level.
The price has faced resistance from the 200-day EMA and witnessed selling pressure. The SEI price has been falling through a descending channel.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
