Cryptocurrency markets throughout the globe have crashed to a brand new low as of 18 June 2022. The market capitalization of worldwide crypto fell beneath the $1 trillion mark to relaxation at $844.17 billion, at press time. The value of just about each prime coin is value half and even lower than their all-time highs.
Dogecoin (DOGE)
Source: TradingView, DOGE/USDT
At the time of this evaluation, DOGE was valued at $0.05328. Dogecoin famously often known as the meme coin dropped by 6.66% within the final 24 hours. Its buying and selling quantity has fallen by 35.12% since 17 June. The coin’s market cap has additionally fallen by 6.89% as per CoinMarketCap knowledge.
Furthermore, the token has deteriorated persistently since August 2021 with most candles closing bearish over bullish. The RSI has been beneath impartial 50, barely difficult the resistance since May 2022. This is a transparent indication that the token is clearly in a bear market. Notably, the final time the RSI was above impartial 50 was in April 2022.
The OBV has been going sideways for many of its current periods. Indicators reveal that the momentum is skewed in direction of sellers.
Shiba Inu (SHIB)
Source: TradingView, SHIB/USDT
Luck hasn’t been on Shiba Inu’s aspect both as it’s presently priced at $0.000007933, publish a 3.27% drop. Its buying and selling quantity has fallen by 23.80% whereas its market cap has dropped by 3.31% as per CoinMarketCap knowledge.
In an analogous trend as DOGE, Shiba Inu has additionally proven a constant decline in value since November 2021. The market has not been very favorable for Shiba Inu because the token has confronted constant loss over the previous six months.
The RSI has been predominantly below impartial 50 because the finish of April. The token has been below the bear’s affect. The OBV dropped in December 2021 and has been on a sideways motion for greater than six months now.
Chainlink (LINK)
Source: TradingView, LINK/USDT
LINK has dropped by 9.14% within the final 24 hours and at press time, it was valued at $5.90. Its buying and selling quantity fell by 25.26%. Its market cap additionally registered a fall of 8.46%.
Similar to the earlier two cash, LINK has additionally skilled a scientific fall in value since September 2021.
At the time of this writing, RSI rested beneath its impartial stage. Moreover, the studying of OBV clearly steered that bears have been within the driving seat.
