As the second week of March came to an end, a great surge has been witnessed in the FUD of the entire cryptocurrency industry.
With the fear, uncertainty, and doubt rising, many cryptocurrencies have ended up falling below the crucial support levels.
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It was thought that cryptocurrencies may rebound after experiencing slight corrections. However, the corrections are suffering from prolonged periods.
The situation is still not coming under the control of the buyers as the prices of most of the assets are still hovering in the negative zones.
It is important to mention that the crypto market has continued displaying mixed results. Not every cryptocurrency has experienced a downtrend. Some cryptocurrencies have also moved in the upward direction in terms of their prices.
In the past 24-hours, many cryptocurrencies have experienced downtrends while some have experienced uptrends. It is time to look at the performance of this crypto to see where they stand.
The trading price of Mina (MINA) continued experiencing a correction that continued for a while. Within a matter of 30 days, the trading price of MINA recorded a 53% surge.
As the price of the asset has continued declining, the rallies and the gains accumulated by MINA have evaporated.
Even the February gains that MINA had recorded have evaporated due to the constant correction. As the price of the asset continued plunging, it soon showed that even the lower level of the Fibonacci retracement had been breached.
Surprisingly, the price of MINA has witnessed a recovery in the past 24-hours. The recovery is clear from the recovery of the FIB recovery from the lower level, showing that it is claimed to be 0.786 from 0.75.
At the time of writing, the trading price of MINA is at a high of $0.6366, which is after showcasing a 6.2% surge in the past 24-hours.
If the bulls continue buying the asset, its trading price may surge to a high of $0.737. If the bulls do not lose their buying momentum, then MINA may surge past the resistance level of $0.8.
Trust Wallet Token (TWT)
The trading price of TWT was also witnessing a downtrend but the bulls were not having it. They increased their buying pressure, which resulted in a strong rebound.
Their effort was able to push TWT over the support trendline. It was established that the pullback observed in the trading price of TWT was a retest attempted by the bears to see how the bulls react.
They reacted well and the trading price of TWT experienced a significant push. The data shows that in the past 24-hours, the trading price of the TWT token has surged over $1.50.
The bulls may continue increasing their buying power to push TWT over $1.84.
Bone ShibaSwap (BONE)
At the time of writing, the trading price of BONE is $1.51. This happened because the trading price of the token has continued to experience a downtrend.
According to the market analysis of Bone ShibaSwap, the asset has recorded a major slip in the past 24-hours. The data shows that the value of the asset has plummeted by 6% in the past 24-hours.
Although the demise has been recorded in the past 24-hours, it wasn’t until the intraday trading that the huge loss was realized for the asset.
This was the time when most of the losses were recorded for BONE. According to the analysts, the trading price of the asset may continue declining if the sellers keep on selling it with strong pressure.
The analysts predict that the value of the asset may plunge by 16.6%. This may bring the asset price to a low of $1.3. This would be a strong support level for the asset.
If things go south, then the trading price of the asset may continue to fall deeper.