The Value Losers Of The Bull Market | 10% To @tron-fan-club
Good evening, I hope everyone is doing very well at the Tron fan club. This has been a very interesting year in the market. BTC and the other leading tokens have been broken through historically important resistance in the last months. After that, most of the tokens are consolidating. So, some tokens have had a very bad week. They have lost ground and are declining. Today we will see some of these unfortunate events over the last 7 days.
|=====>ZCASH<=====|
ZCASH started with fluctuating movement in the very beginning of the week. But on the end of the week, it lost support and started falling. It recently increased the movement, and started losing its strength. The biggest falls happened on 1 December. It is currently at 343.6$, starting from 494$ only a week ago. As a result, it's down 11.17% over a week.
|====>M<=====|
M was 1.88$ per coin only a week ago, faced a 26.9% loss in value over the last seven days. M started the week with steady bleeding movement. But luckily, it found support in beginning of the week. Unfortunately, recently it again lost its strength. M is now hovering just above the support level of 1.38$.
No words from this article should be taken as financial advice.
Thank You.
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arsalaan, I like the clarity with which you explained the weekly losers. The ZCASH and M breakdown actually opened my eyes particularly the speed at which support is lost. I was taught to never to keep an eye solely on prices. Great analysis, @arsalaan!