The cryptocurrency market is known for its volatility, and this week was no exception. Despite a general market recovery, some coins failed to retain momentum. In this article, we dive into the performance of Lido DAO (LDO), Notcoin (NOT), and Worldcoin (WLD), analyzing their price movements and market trends. Discover what led to their decline and what it means for future investments.

Lido DAO (LDO): Reaching a Critical Juncture

Lido DAO (LDO) experienced a significant dip this week, falling to its crucial support zone of $1.50, below key moving averages. Trading in a downtrend, LDO found itself in a make-or-break situation. The bulls were trying their best to secure the demand zone to avoid a rash selloff.

Historically, LDO has taken support multiple times and rebounded from this zone, which was anticipated to happen again. At press time, LDO was trading at $1.59 with an intraday surge of 1.16%, reflecting a pullback on the chart. It has a market cap of $1.42 billion and is ranked 66th.

LDO took support near the $1.50 mark, where it bottomed out. Until this level is breached, a significant sell-off is unlikely.

Notcoin (NOT): Displaying a Range Breakdown

Based on the TON network, Notcoin (NOT), a play-to-earn token, reflected low investor interest. It displayed a significant retracement in the past few weeks. Recently, it broke out of a falling wedge pattern but failed to hold the gains. In the turnaround that led to a notable push from the supply region, it lost 20% of its gains this month.

This week, NOT fell by over 10%, making it the second top loser. At press time, NOT was trading at $0.0140 with an intraday surge of 2.36%, reflecting neutrality on the chart. The monthly return ratio is -20.30% and 1782.0% yearly, reflecting short-term correction.

Despite the downturn, NOT is trading above the 38.2% Fib zone and managed to stay close to the 20-day EMA mark. If it sustains at the $0.01500 mark, it may continue to outperform.

Worldcoin (WLD): Retesting 52-Week Low

Worldcoin (WLD) declined sharply to its 52-week low support mark of $2, reflecting bearish sentiment. For the past few weeks, it continued to drop and remained under sellers’ control. At press time, WLD was trading at $2.34 with an intraday surge of 6.30%, reflecting neutrality on the chart. It has a market cap of $682.47 million and is ranked 106th.

Sellers have maintained an upper hand, adding short positions, leading to a severe fall of over 30% monthly and 70% in the last three months. The price action signifies lower low swings, and the token persisted in stretching the downfall, showcasing a sell-on-bounce structure.

Market Sentiment and Liquidations

Per data from Coinglass, short and long liquidations were at equilibrium, indicating that neither bulls nor bears had gained an upper hand. However, looking at these top three crypto losers, it appeared that bears were more dominant in their trading.

Negative Funding Rate Observed in WorldCoin

Amidst the significant pullback, a negative funding rate was observed on the futures trading platform, signifying a bearish stance. At press time, the funding rate was noted at -$0.058%, indicating that bears have maintained their upper hand.

Undoubtedly, LDO, WLD, and NOT have shown underperformance and stayed in the red this week. However, market trends are ever-changing, and these altcoins could shift their trajectory ahead. Investors need to closely track these coins and find significant opportunities to accumulate at the dips.

Summary: Insights and Investment Opportunities

This week’s analysis of the top crypto losers—Lido DAO, Notcoin, and Worldcoin—reveals a bearish trend that has dominated their performance. However, the cryptocurrency market is dynamic, and these trends could change. Investors should keep a close watch on these coins for potential investment opportunities at lower prices. Understanding the market trends and price analysis can help in making informed investment decisions in the ever-volatile world of cryptocurrencies.

The author does not own or have any interest in the securities discussed in the article.