LDO, Ada, Apt, Sol and Matic

LDO, Ada, Apt, Sol and Matic

This week we take a closer look at the old coins with the worst Performance and market capitalization of over $ 1 billion: Lido, Cardano, Aptos, Solana and Polygon.

lido (LDO) | -24.8 %

LDO is the worst performer on our list this week after it has fallen by almost 25 %. The buyers did not succeed in maintaining the upward trend, and since the support was lost at $ 2, the price fell quickly.

At the time of this article, the most important support is $ 1.4 and the resistance is $ 1.8. In view of the market mood, it is unlikely that the price will change its current downward dynamics.

With a view to the future, Lido seems to continue his correction that started in February. At lower lows and lower highs, the bears have the upper hand and may not stop their attack until the price achieves the important support specified above.

Diagram of Tradingview

Cardano (ADA) | - 20.9 %

Ada disappointed in June and lost 20 % of his evaluation this week alone. Those who had hoped that the support would hold 30 cents were disappointed when the price suddenly fell to 22 cents on June 9th. Since then the price has recovered somewhat.

look ahead , this great correction seems to be gained in driving, and this confuses most ADA holders. It is expected that the buyers will return as soon as the price reaches important support, similar to June 9, but there are no guarantees.

Diagram of Tradingview

aptos (apt) | -20.4 %

apt could not stop his downward trend and fell 20 %this week. It has formed a large descending triangle, which was confirmed by the decline on June 9th. This is both worrying and pessimistic.

If the support should not hold the basis of this large triangle, buyers from APT could get into a difficult situation, since such a scenario would pave the way for a new price drop towards $ 3. The current resistance is $ 6.8.

With a view to the future, APT does not give clear signs that it can stop this correction. In addition, Bitcoin and Ethereum have also reached lower lows, which again confirms the currently bearish tendency of the market.

Diagram of Tradingview

Solana (sol) | -20.2 %

Solana has a price movement similar to Cardano and also fell by 20 % last week. Buyers are currently fighting to keep the price over $ 14, and since the mood is still pessimistic, it is unlikely that they will succeed at the present time.

The sudden drop in price has also formed a parabola, as shown in the following graphic. The most important support is $ 12, and when it is achieved, there is a good chance of keeping sellers. The current resistance is $ 15.

With a view to the future, Solana tries his best to stop bleeding, but buyers remain disinterested.

Diagram of Tradingview

Polygon (Matic) | -19.4 %

polygon formed a big wedge, and unfortunately the price fell below. This is pessimistic, and Matic did not hesitate to show this because it lost 19 % of its evaluation this week.

The current support is 58 cents, and the bulls could return at this level, since the decline on June 9 led to the buyers returning as soon as the price fell below 60 cents. The current resistance is 75 cents.

With a view to the future, Matic could soon test the important support, which could stop this declining dynamic. It is crucial that this cryptocurrency remains at this level. Otherwise, sellers could be encouraged to reduce the price to less than 50 cents in the future.

Diagram of TradingView.