BeInCrypto seems at 5 altcoins that decreased probably the most from the whole 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 road triggered a rejection on Nov. 1 (purple 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 are not any reversal indicators in place. Because of this, the downward motion will doubtless proceed. Reclaiming the $0.035 resistance space would point out {that a} bullish reversal has begun as an alternative.
XCN/USD Each day Chart. Supply: TradingView
SOL Breaks Beneath Essential Assist
The SOL price broke down from the $30 horizontal assist space through 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 following closest assist 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 implies that the pattern continues to be bearish and makes the continuation of the downward motion doubtless.
The SOL worth has to reclaim the $30 space to ensure that the pattern to be thought-about bullish.
SOL/USDT Weekly Chart. Supply: TradingView
APT Resumes Downward Motion
The APT worth has fallen under a descending resistance line since Oct. 23. Extra not too long ago, the road triggered a rejection on Dec. 16 (purple icon) and broke down from the $3.95 assist space the following day. This is a vital growth because the space had been in place since Nov. 8.
Equally to SOL, the RSI fell under 30 and has not generated any bullish divergence.
If the downward motion continues, the closest assist space can be at $2.22, created by the 1.61 exterior Fib retracement of the newest bounce.
APT/USDT Each day Chart. Supply: TradingView
AXS Breaks Down From Ascending Assist
The AXS worth had elevated alongside an ascending assist line since Nov. 9. This upward motion led to a excessive of $10.40 on Dec. 5. Nonetheless, the worth has fallen since and broke down from the ascending assist line on Dec. 16.
After validating it as resistance on Dec. 22 (purple icon), the AXS worth resumed its downward motion and is near a brand new yearly low. If the lower continues, the closest assist space can be at $4.50, created by the 1.61 exterior Fib retracement of the newest bounce.
Reclaiming the ascending assist line would imply that the pattern is bullish.
AXS/USDT Each day Chart. Supply: TradingView
SAND Altcoin Might 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 road triggered a rejection within the first week of November (purple icon), breaking down from the $0.80 horizontal assist space within the course of. This led to a low of $0.38 on Dec. 29.
If the downward motion continues, the closest assist space can be at $0.21, a drop of 46% from the present worth.
Then again, reclaiming the $0.80 resistance space would imply that the pattern is bullish as an alternative.
SAND/USDT Weekly Chart. Supply: TradingView
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