Top Five Crypto Losers Today: FET, AGIX, PENDLE, QNT, And NOT 

• 1 Fetch.ai crypto suffered the maximum loss in intraday, declining nearly 13% at the time of writing. 
• 2 NOT and AGIX tokens slumped over 8.49% today, adding more to this week’s losses. 
• 3 Pendle and Quant cryptos have also incurred significant losses, declining by more than 7% in a day.

While Bitcoin again stepped below the psychological $61000 mark, losing 1.37% in a day, it has triggered a sharp selling among various altcoins. The weakness of blue-chip cryptocurrencies is adding fuel to the selling pressure that altcoins are already facing.

Fetch.ai has suffered the maximum today, losing over 13% in the last 24 hours. Notcoin (NOT) and SingularityNET (AGIX) have experienced a significant drop, looming near 8% a day. 

Meanwhile, Pendle and Quant crypto fell over 7% intraday to record themselves in the top five losers of the day. Let’s analyze them individually to see whether they would continue to decline or rise for a revival in the short term. 

Fetch.ai (FET) Crypto

The Fetch.ai crypto price has been volatile for the whole week. The crypto started the week on a positive note and surged over 30% in the 1st half of this week. However, intense selling pressure in the last couple of sessions has eroded most gains, dragging the price to negligible gains. 

   

The FET crypto was down nearly 13% in the last 24 hours and resumed with the selling pressure on the second consecutive session. The price suffered from the 50-day EMA and made its way downwards. 

Currently, the bulls are attempting to defend the weekly lows above which the price may try for a recovery. However, a break below the weekly lows of $1.37 level could drag the price towards the $1 level. 

SingularityNET (AGIX) Crypto

The SingularityNET crypto suffered the same way as FET, slumping nearly 9.5% in the last 24 hours. When writing, the crypto price was $0.61. It has a live market capitalization of $792.161 million and ranks 86th in the cryptoverse.

 

The daily chart shows that crypto has been recovering from previous losses following a declining channel pattern. The lower boundary of the channel has been acting as a support. The bulls may try to defend the loser levels until they are maintained in the channel. 

Notcoin (NOT)

Notcoin price seemed to be reversing its course from the bullish to the bearish side. The NOT price broke down the previous support at $0.0158, which has become resistance. 

   

The daily chart highlights a rejection from the $0.0158 level, indicating a bearish continuation in the crypto. When writing, the NOT price was exchanging hands close to $0.014, indicating an intraday drop of nearly 8%. On the lower side, the $0.012 and $0.010 may be the next support if the price resumes falling. 

Quant (QNT)

Qunat crypto has been under a free fall with no major support from the demand zones since the last week of April. The QNT price has performed negatively, losing 45.5% in the previous three months, nearly 19.3% a month, and over 6% a week. 

   

The bulls attempted a short-lived recovery this week. However, the sellers again dominated, and the net selling pressure continued to dominate the crypto. At the time of writing, the QNT crypto was trading close to $70, trying to get support from the psychological level. 

Pendle (PENDLE)

Pendle crypto was headed downwards for the fourth consecutive session. After the breakdown of the 50-day EMA, the intense selling pressure has dragged the price closer to a trendline support. At the time of writing, the PENDLE crypto was exchanging hands close to $5.08, incurring a 7% loss in the past 24 hours. 

   

Moreover, the long-term trend outlook is positive, which may take buying volumes to lower levels. If the price takes a rebound from the trendline support and reclaims above the 50-day EMA, it may resume its way toward the $7 level, marking an end to its correction phase. 

Disclaimer

The views and opinions stated by the author or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.