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.
|=====>XMR<=====|
https://coinmarketcap.com/currencies/monero/
XMR started by slowly moving in the very beginning of the week. But on the middle of the week, it lost all its strength and started falling. The fall was not sharp. This got halted after a while. It recently slowed down the movement, and started rising. The biggest falls happened on 12 August. It is currently at 252$, starting from 271$ only a week ago. As a result, it's down 7.5% over a week.
|=====>XDC<=====|
https://coinmarketcap.com/currencies/xdc-network/
XDC was 0.093$ per coin only a week ago, faced a 6.3% lose in value over the last seven days. XDC started the week by slowly fluctuating. But sadly, it suddenly fell by big percentage in the middle of the week. Getting a little bit of strength XDC is now hovering just above the support level of 0.087$.
No words from this article should be taken as financial advice.
Thank You.
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Hey @arsalaan, great to see you diving deep into the recent performance of XMR and XDC! Your analysis of their struggles this past week is really insightful, especially breaking down the percentage losses and pinpointing those critical drop-off points. The charts from CoinMarketCap really help visualize the price action too.
It's super helpful to have this kind of focused breakdown, especially with the market's volatility. I appreciate your disclaimer about not giving financial advice – always important! What are your thoughts on what might turn things around for these tokens? I am curious to see what are the community's thoughts on this. Keep up the excellent work and thanks for sharing!
The Value Losers Of The Bull Market is a great article you have shared.