In this article, BeInCrypto takes a look at the eight altcoins that decreased the most over the past seven days (April 9-16).
This week’s hateful eight altcoins are:
- Pundi X (NPXS) – 37.18%
- Dent (DENT) – 31%
- Holo (HOT) – 21%
- BitTorrent (BTT) – 17.81%
- Klaytn (KLAY) – 17.58%
- Helium (HNT) – 11.53%
- Enjin Coin (ENJ) – 11.07%
- Celsius (CEL) – 10.38%
NPXS
Out of our list of altcoins, the one that decreased the most is NPXS. It has been moving downwards since April 8, when it reached an all-time high price of $0.0094.
Since then, it has dropped by a massive 53%.
Currently, it’s trading right at the 0.618 Fib retracement support, which is found at $0.0036. It has potentially begun to bounce.
The closest resistance is found at $0.006.
DENT
DENT has been decreasing since April 5, when it reached an all-time high price of $0.0227. Since then, it has dropped by 48%.
Currently, it’s trading right at the 0.5 Fib retracement support at $0.011.
If it bounces, the closest resistance area would be found at $0.016.
HOT
HOT has been decreasing since April 5, when it reached an all-time high price of $0.031.
So far, it has decreased by 41%.
On April 14, it reached the 0.5 Fib retracement support level and appears to be bouncing off support.
The closest resistance area is found at $0.023.
BTT
BTT has been decreasing since April 5, when it reached a high of $0.0134. So far, it has dropped by 42%.
On April 14, it managed to reach the 0.5 Fib retracement support at $0.0073 and began to bounce.
The closest resistance area is found at $0.01.
KLAY
KLAY has been moving downwards since reaching an all-time high price on April 3.
So far, it has moved downwards by 39%. It reached the 0.5 Fib retracement support level on April 12 and bounced.
The next closest resistance area is found at $3.38.
HNT
HNT has been moving downwards since April 7, when it reached an all-time high price of $21.50.
So far, it has only decreased by 23%.
In addition, it’s only at the 0.382 Fib retracement support at $14.19.
The next support level (0.5 Fib retracement) is found at $11.93.
ENJ
ENJ has been moving upwards since April 7. Three days later, it managed to reach a new all-time high price of $4.
A further three days after that and it decreased to validate the $2.84 area as support. It has been increasing since.
The next resistance area is found at $4.88.
CEL
Out of our list of altcoins, the one that decreased the least is CEL. It has been moving downwards since reaching an all-time high price of $7.96 on April 9.
The decrease is contained inside a parallel channel, in what is likely to be a corrective movement. Currently, it’s trading right at the 0.382 Fib retracement support level and the support line of this channel.
Therefore, a breakout from this pattern would be likely.
For BeInCrypto’s latest bitcoin (BTC) analysis, click here.
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