[ad_1]
BeInCrypto examines the five altcoins that have suffered the most from the entire crypto market this week, especially since January.. 20 to 27.
These popular altcoins have stolen the crypto news and crypto market spotlight:
- The price of SingularityNET (AGIX) has dropped by 18.95%.
- Helium (HNT) Price Decreased by 5.22%
- Casper (CSPR) price reduced by 4.78%
- Bone ShibaSwap (BONE) price reduced by 2.03%
- Kyber Network Crystal v2 (KNC) price has been reduced by 1.98%
SingularityNET leads the cryptocurrency market
AGIX price increased by 460% between January 1st and January 14th.
However, the price made a long upper wick (red icon) on the same day and has fallen since then.
If the downtrend continues, the crypto can fall to the 0.5 to 0.618 Fib retracement support level of $0.121 to $0.147. On the other hand, a bullish reversal could lead to a retest of the highs at $0.258.
Helium Price Finally Clears Resistance
After three failed breakout attempts (red icons), HNT price finally broke above the falling resistance line on Jan. 5. The breakout led to a high of $3.46 on Jan. 17. Digital assets have fallen since then.
If the decline continues, the closest support area will be between $2.33 and $2.48 created by the 0.5-0.618 Fib retracement support level (white).
On the other hand, if the uptrend continues, HNT price could reach the 0.618 Fib retracement resistance level at $4.19.
The price of CSPR has been rising since June 19 along with the rising support line. This line has been verified 6 times so far.
After the recent rally on January 7th, Casper’s price started to rise and reached a high of $0.042. However, it failed to break out of the $0.038 resistance area and instead created a long upper wick (red icon).
If the downtrend continues, altcoins may test the rising support line again. The line is currently at $0.030.
On the other hand, a breakout from the $0.038 resistance area could lead to highs near $0.050.
Bone ShibaSwap verifies criticality level
Since November 13th, BONE price has been rising along the upward support line. On Jan 16, the price broke out of the $1.25 horizontal resistance area and was validated as support nine days later (green icon).
The trend remains bullish as long as BONE price does not break below $1.25. As such, we expect the rally to continue towards $2.
On the other hand, a close below $1.25 can drop to the $1 upward support line.
Kyber Network Crystal v2 (KNC) trades in horizontal range
KNC prices have skyrocketed since the beginning of the year. It broke out of the $0.73 resistance area on Jan. 18 but has yet to validate it as support.
Whether the KNC price descends or rises from the $0.73 plateau will determine the direction of the trend. A rally can lead to a rally towards $0.96, while a decline can lead to a drop to $0.63.
Click here for BeInCrypto’s latest crypto market analysis.
Disclaimer
While BeInCrypto strives to provide accurate and up-to-date information, BeInCrypto is not responsible for any factual omissions or inaccuracies. YOU AGREE AND UNDERSTAND THAT YOU MUST USE THIS INFORMATION AT YOUR OWN RISK. Cryptocurrencies are highly volatile financial assets, so do your research and make your own financial decisions.
[ad_2]
Source link
