Cryptocurrency Market Update: This Week’s Top Losers – Stellar Lumens (XLM), Dash, And EOS

The last crypto bull run has pioneered the entrance and return of many digital asset investors and institutional investors into the crypto space. Discussions about digital currencies in online platforms are increasing every day. According to statistics Comparitech, a technology research company, about 90 percent of those discussions about digital currencies are positive in nature. This means there are lots of bullish sentiments among investors and traders out there.

Digital currency enthusiasts were also positive about the digital currency of Facebook – Libra Coin – with about 98 percent of discussions being bullish on the coin. Nevertheless, the number of negative reports were more than the positive ones when it came to media outlets.

The digital currency markets have been locked down in a tight range over the past few weeks. After testing new yearly highs, most coins have lost a significant fraction of the gains they amassed during the bull run. Let’s take a look at some of the top losing cryptos in the market this past week.

Dash (DASH) Price Analysis – Dash Price prediction – Cryptocurrency News Today – Cryptocurrency Market Update

The price of Dash been plunging downwards and it has been stuck between $95 and $110 over the past week. Nevertheless, rather than oscillating between the boundaries, DASH USD price is hooked close to the center. This means there is a reduction of interest in the digital currency. Nevertheless, as the Relative Strength Index is in the negative zone and Dash USD price is below the moving averages, the bears seem to be in charge. The price of Dash is currently supported at the $102 mark. A break below this level will trigger more losses below the $100 and the $95 support levels. At the time of writing, DASH USD price is $104 and it is currently down by about 5 percent over the past twenty-four hours.

If Dash breaks over its upside hurdle, it will break out of the 20-day exponential moving average, which would signal the comeback of the bulls. The major hurdle on the upside is $110. A break over this level will pave the way for more gains towards the $120 and $146 resistance mark.

Stellar Lumens (XLM) Price Analysis – XLM Price Prediction – Cryptocurrency News Today – Cryptocurrency Market Update

Stellar Lumens (XLM) is also one of the poor performers over the past week. While the digital currency has found its way to the top ten cryptos, its price performance has been somewhat poor. Over the past day, the price of Stellar Lumens (XLM) is down by more than three percent, leaving XLM USD price at $0.0811. There has been a significant reduction in demand at higher levels. The price of Stellar Lumens has also been stuck in a tight range over the past week. Stellar Lumens needs a bullish momentum to push it out of that tight range. XLM is currently supported at the $0.0800 and capped at the $0.090 mark.

EOS (EOS) Price Analysis – EOS Price Prediction – Cryptocurrency News Today – Cryptocurrency Market Update

EOS is also among the top three losers over the past seven days. The price of EOS over the past week is down by about two percent. The price of EOS has surged from a low of $1.5 on the 7th of December to a high of about $9 on the 31st of May. This is an increase of more than 400 percent in a space of six months. Many are expecting EOS to rally with such high momentum again. However, the digital currency is currently facing hurdle at $5 mark, with support at the $4 level.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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