Gravitation Zero (GRAV) is currently the worst-performing cryptocurrency in today’s crypto market. The report from TradingView shows that the price of Gravitation Zero has submerged by 91.60% in the past 24-hours, currently hovering at $0.2135 per GRAV.
The performance report shows that at the moment, the trading volume for Gravitation Zero is at $4,438,271. Given the plunge in the unit price of Gravitation Zero alongside the rise in the trading volume for Gravitation Zero suggests that the bears are currently in action.
As the price of Gravitation Zero is plunging, the bears have intensified selling activity for GRAV. As of now, the performance graph for Gravitation Zero is moving in the downward direction. Even the RSI for Gravitation Zero is in the negative trend. This means that for now, Gravitation Zero is experiencing a downtrend and it may remain within the bearish zone for a while.
The rise in the trading volume for Gravitation Zero means that the investors are currently panicking due to the plunge. This is the reason why the investors are selling GRAV on a large scale in order to trigger a higher plunge in the price of Gravitation Zero.
Snowbear (SBR) is the next worst-performing cryptocurrency on the list demonstrating 69.97% dive in the past 24-hours. Following the plunge, Snowbear’s unit price versus the USDT has plunged to $17.85 per SBR.
The 24h trading volume for Snowbear is currently hovering at $892,549 after experiencing a 67.24% plunge. For now, the trading volume for Snowbear is negative, which means that the bulls and bears are no longer making the effort of pulling SBR on their side.
For the time being, the investors are assessing the situation of Snowbear and they plan on making their move once the other side does something from their end. As of now, the negative price for the digital asset suggests that the bears are in control.
It is them who are currently controlling the trend of SBR and for now, the bulls are not making any move. The current price of SBR suggests that if the bulls try creating a small rally, the bears may start selling SBR again to create a plunge.
LifeDAO (LF) is also experiencing a plunge in its price as it is down by 68.35% in the past 24-hours. As a result, LifeDAO’s price is down to $2.74 versus USDT. Even the trading volume for LifeDAO is down by 70.00%, demonstrating a similar kind of trend as Snowbear.
From this point, the bears may try to move LF’s price more in their favor. They may continue pulling the price of LifeDAO bringing it down to $2.30 per LF. It is expected that the bulls may make no move in the upcoming days.