BeInCrypto seems at 5 altcoins that decreased the most from the total crypto market final week, particularly from Dec. 23 – 30.
These digital property have taken the crypto information and crypto market highlight:
- Chain (XCN) price has decreased by 33.83%
- Solana (SOL) price has decreased by 22.87%
- Aptos (APT) price has decreased by 15.36%
- Axie Infinity (AXS) price has decreased by 15.00%
- The Sandbox (SAND) price has decreased by 14.68%
XCN is The Worst Performing Altcoin
The XCN worth has fallen under a descending resistance line since Sept. 27. The line brought on a rejection on Nov. 1 (crimson icon) resulting in the acceleration of the downward motion. This led to a brand new all-time low of $0.011 on Dec. 30.
There aren’t any reversal indicators in place. As a outcome, the downward motion will seemingly proceed. Reclaiming the $0.035 resistance space would point out {that a} bullish reversal has begun as a substitute.
SOL Breaks Below Crucial Support
The SOL price broke down from the $30 horizontal help space throughout the first week of November. The downward motion has been swift, resulting in a low of $8 on Dec. 30.
If the downward motion continues, the subsequent closest help space is at $4.20, a 55% drop from the present worth.
The weekly RSI has simply dropped under 25 and has not generated any bullish divergence. This means that the pattern continues to be bearish and makes the continuation of the downward motion seemingly.
The SOL worth has to reclaim the $30 space in order for the pattern to be thought-about bullish.
APT Resumes Downward Movement
The APT worth has fallen under a descending resistance line since Oct. 23. More lately, the line brought on a rejection on Dec. 16 (crimson icon) and broke down from the $3.95 help space the subsequent day. This is a crucial growth since the space had been in place since Nov. 8.
Similarly to SOL, the RSI fell under 30 and has not generated any bullish divergence.
If the downward motion continues, the closest help space can be at $2.22, created by the 1.61 exterior Fib retracement of the most up-to-date bounce.
AXS Breaks Down From Ascending Support
The AXS worth had elevated alongside an ascending help line since Nov. 9. This upward motion led to a excessive of $10.40 on Dec. 5. However, the worth has fallen since and broke down from the ascending help line on Dec. 16.
After validating it as resistance on Dec. 22 (crimson icon), the AXS worth resumed its downward motion and is near a brand new yearly low. If the lower continues, the closest help space can be at $4.50, created by the 1.61 exterior Fib retracement of the most up-to-date bounce.
Reclaiming the ascending help line would imply that the pattern is bullish.
SAND Altcoin Could Fall by 45%
The SAND worth has fallen under a descending resistance line since reaching an all-time excessive of $7.94 in Nov. 2021. The line brought on a rejection in the first week of November (crimson icon), breaking down from the $0.80 horizontal help space in the course of. This led to a low of $0.38 on Dec. 29.
If the downward motion continues, the closest help space can be at $0.21, a drop of 46% from the present worth.
On the different hand, reclaiming the $0.80 resistance space would imply that the pattern is bullish as a substitute.
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