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These 5 Altcoins Fell Sharply Despite Altcoin Market Pump

2 mins
17 March 2023, 14:00 GMT+0000
Updated by Geraint Price
17 March 2023, 14:00 GMT+0000
In Brief
  • Bone ShibaSwap (BONE) broke down from a horizontal support area.
  • Flare (FLR) fell to a new all-time low.
  • Maker (MKR) risks breakdown down below its range low.
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BeInCrypto looks at the five biggest altcoins losers in the entire cryptocurrency market this week, specifically from March 10 to 17.

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

  1. Bone ShibaSwap (BONE) price has decreased by 16.91%
  2. Helium (HNT) price has decreased by 15.35%
  3. Maker (MKR) price has decreased by 6.24%
  4. Flare (FLR) price has decreased by 4.92%
  5. Core (CORE) price has decreased by 3.04%

Bone ShibaSwap (BONE) Crypto Price Leads Altcoin Market Losers

The BONE price has fallen since the $1.95 resistance area rejected it in the beginning of March (red circle). Initially, the price bounced at the $1.45 horizontal support area. However, it broke down from it on March 16. 

Currently, the digital asset trades just above the 0.618 Fib retracement support at $1.17. If it bounces, it could retest the $1.45 area again. However, if a breakdown follows, the BONE price could fall to $0.60.

Bone ShibaSwap (BONE) Altcoin Price Range
BONE/USDT Daily Chart. Source: TradingView

Helium (HNT) Falls to New Yearly Low

The HNT price has decreased under a descending resistance line since the end of February. The line caused numerous rejections, the most recent on March 14 (red icon). This caused a fall to the $1.60 horizontal support area.

If the price breaks down from this area, it could fall to $1. However, the HNT price could reach the resistance line once more if it bounces.

Helium (HNT) Crypto Price Decrease
HNT/USDT Daily Chart. Source: TradingView

Maker (MKR) Price Trades in Range Bottom

The Maker (MKR) price has traded in a range between $675 and $950 since the beginning of February. More recently, it was rejected by the range high on March 14 (red icons) and began the current downward movement.

If the price bounces, it could increase to the 0.618 Fib retracement resistance at $833. However, a fall to $475 could follow if it breaks down.

Maker (MKR) Price Range
MKR/USDT Daily Chart. Source: TradingView

Flare (FLR) Price Falls to New All-Time Low

The FLR price has fallen under a descending resistance line since Jan. 29. The line caused a rejection on Feb. 20, accelerating the rate of decrease.

The cryptocurrency fell to a new all-time low of $0.025 on March 15. Since there is no support below that price, a decrease below the level could accelerate the rate of decline even further, taking FLR into bearish price discovery.

On the other hand, if a bounce follows, FLR could increase to the resistance line at $0.034.

Flare Network (FLR) Crypto Resistance Line
FLR/USDT Daily Chart. Source: TradingView

Huobi Token (HT) Crypto Loses Key Support

The HT price broke down below the $4.20 horizontal support area on March 9. Currently, it is in the process of validating it as resistance.

If successful, a fall to $1.50 could follow. On the other hand, if the HT price reclaims the $4.20 area, it could increase to the descending resistance line at $5.25.

Huobi Token (HT)  Fall
HT/USDT Daily Chart. Source: TradingView

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


In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.