Exclusive The Hateful Eight: NPXS, DENT, HOT, BTT, KLAY, HNT, ENJ, CEL — Biggest Losers, April 9-16

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In Brief
  • BTT, HOT, DENT, and KLAY are trading at their 0.5 Fib retracement level.

  • BTT, HOT, and DENT reached all-time highs on April 5.

  • ENJ has reclaimed the $2.85 level.

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In this article, BeInCrypto takes a look at the eight altcoins that decreased the most over the past seven days (April 9-16).

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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.

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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.

NPXS Chart By TradingView

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.

DENT Chart By TradingView

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.

BTT Chart By TradingView

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.

KLAY Chart By TradingView

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.

HNT Chart By TradingView

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.

ENJ Chart By TradingView

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.

CEL Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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