These 5 Altcoins Bore the Brunt of This Week’s Crypto Market Collapse

2023-3-11 17:00

BeInCrypto looks at the five biggest altcoins losers in the entire cryptocurrency market this week, specifically from March 3 to 10.

The altcoins that have fallen the most in the entire altcoin market are:

Stacks (STX) price fell by 32.71% SingularityNET (AGIX) price fell by 30.81% Mina (MINA) price fell by 29.43% Render Token (RNDR) price fell by 28.77% Dash (DASH) price fell by 24.98% Stacks (STX) Price Leads Crypto Market Losers

The Stacks price has decreased since reaching a high of $1.05 on March 1. The altcoin broke down from an ascending parallel channel on March 4, reaching a low of $0.59 on March 9. 

Currently, the cryptocurrency price is trading just above the 0.618 Fib retracement support level at $0.53. While the area could initiate a bounce, the RSI has not generated any bullish divergence yet. 

If the decrease continues, the next closest support area would be at $0.40. On the other hand, if a bounce occurs, the STX price could increase to $0.63.

STX/USDT Daily Chart. Source: TradingView SingularityNET (AGIX) Price Risks Further Breakdown

The AGIX price has fallen since reaching a high of $0.67 on Feb. 8. It created a lower high (red icon) on March 1 and resumed its descent afterward. On March 9, it broke down from the 0.5 Fib retracement support level at $0.36.

If the decrease continues, the altcoin could fall to the 0.618 Fib retracement support level at $0.28. 

However, AGIX could retest the $0.36 level if a bounce occurs.

AGIX/USD Daily Chart. Source: TradingView Mina (MINA) Resumes Fall

The MINA price has fallen sharply since reaching a high of $1.25 on Feb. 16. This caused a deviation above the $1.17 resistance area. The rate of decrease accelerated on March 3. 

Currently, the crypto is approaching the $0.57 horizontal support area and is expected to reach it. 

On the other hand, if the price bounces, it could retest the $0.82 area and validate it as resistance.

MINA/USDT Daily Chart. Source: TradingView Render Token (RNDR) Falls After Parabola Breaks Down

The RNDR price has decreased since Feb. 7 when it reached a high of $2.19. It created a lower high on Feb. 16 and accelerated its rate of decrease afterward. 

Currently, the digital asset trades below the 0.618 Fib retracement support level at $1.08. If the drop continues, the closest support would be at $0.77. On the other hand, if RNDR regains momentum, it could retest the $1.07 area once more.

RNDR/USDT Daily Chart. Source: TradingView Dash (DASH) Breaks Down From Ascending Support

The DASH price has fallen since reaching a high of $77.90 on Feb. 16. The price created a lower high at the beginning of March and accelerated its rate of decrease afterward. On March 9, DASH broke down from an ascending support line.

If the decrease continues, the closest support area would be at $49.

On the other hand, if the crypto asset regains momentum, it could retest the ascending support line at $60.

DASH/USDT Daily Chart. Source: TradingView

For BeInCrypto’s latest crypto market analysis, click here.

The post These 5 Altcoins Bore the Brunt of This Week’s Crypto Market Collapse appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

week these market altcoins collapse brunt crypto

week these → Результатов: 126


These Events Will Be Key For Bitcoin And Crypto This Week

The Bitcoin and crypto market is kicking off what could be an extremely important week. While the market is currently overwhelmed by the news surrounding the battle between Binance CEO Changpeng Zhao (“CZ”) and FTX CEO Sam Bankman-Fried (“SBF”), the midterm elections and the release of the CPI data in the US are two major events that could be of crucial importance for the market.

2022-11-7 14:30


China’s national cryptocurrency is getting more ominous

China’s central bank governor gave an update on the national currency being developed this week Anonymity and privacy will be protected, he argues Our Analyst Dan Ashmore is not so sure, believing these digital currencies are potentially very dystopian Having said that, there are advantages to the nascent concept, too But with China leading the […] The post China’s national cryptocurrency is getting more ominous appeared first on CoinJournal.

2022-11-2 15:53