Although the decline of Bitcoin to $34K in the crypto money market disrupted the upward momentum, experts state that this move is necessary for the rally. Many altcoins are faltering in their upside momentum but remain on track. Chiliz (CHZ), one of the most popular cryptocurrencies, experienced a pullback of approximately 7%. However, HOT and BTT similarly saw a 7% drop.
Chiliz (CHZ)
Chiliz, the most popular cryptocurrency in the sports world, has withdrawn by 7% in the last 24-hour time frame. CHZ rose to $ 0.94 about 4 months ago and returned from the margin of $ 1 . CHZ, the product of the Socios.com platform, promises a positive future in line with the plans of CEO Alexander Dreyfus.
In this period when fan tokens attract great attention, CHZ is positively affected by the developments. Launched as one of the cryptocurrencies to be followed in the recovery process of the crypto money market, Chiliz has built a critically strong support area by staying above $0.20. If CHZ bulls push the price above $0.30, it will give momentum to the popular cryptocurrency.
According to the daily chart data, the bullish momentum seems to have lost its strength. RSI is close to neutral zone with 43 level. MACD and Momentum indicators confirm that the uptrend has stalled.
Holochain (HOT)
Holochain has slumped over 7% in the last 24 hours to $0.005849. HOT, the native token of a decentralized application platform, aims to solve the problems of scaling, speed and compatibility with the project it offers. On April 5, it broke the all-time record by reaching $0.03157. HOT, which is 81% behind its ATH, was one of the cryptocurrencies that experts alarmed during the fall.
The graphic data of the popular crypto currency, which is followed with great interest in developing countries, does not look encouraging. Holochain, which lost interest and transaction volume with the decline, draws attention with its fragile structure. The fall of Holo, which rose with the sudden price jump, was also harsh.
According to the daily chart data, the RSI is at 38 while the Stochastic RSI is at 68. On the other hand, Awesome Oscillator signals weak momentum.
BitTorrent Token (BTT)
BTT, the product of the project implemented with the partnership of Tron-Binance, experienced a decrease of over 7% during the day. As of the writing of this article, BTT is trading at $0.00250. BTT, like Holo, is known as one of the cryptocurrencies that attracts great attention in developing countries. However, the impact of the decline has dampened interest and led to losses in trading volumes.
BTT’s trading volume in the last 24 hours has seen a drop of over 20%. BitTorrent hit its all-time high on April 5 with $0.014. BTT had risen with incredible momentum in the bull run, but this increase paved the way for the decline to be harsh. Climbing up without building support zones, BTT is now 81% behind ATH.
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