In the week from December 10 to December 17, we take a look at the 7 altcoin projects that lost the most and their prospects. Analyst Valdrin Tahiri accompanies us.
- Casper (CSPR): -21.11%
- WAX (WAXP): -20.50%
- Decred (DCR): -20.28%
- StormX (STMX): -17.39%
- BitTorrent (BTT): -15.42%
- Voyager Token (VGX): -14.28%
- Internet Computer (ICP): -12.93%
Here are the week’s redboard leaders
CSPR has been falling since November 30 when an ascending parallel channel was rejected by the resistance line. A break in the channel could cause the price to hit the ATL level.
WAXP has been falling ever since it hit the ATH price of $0.98 on Nov. 17. It’s down 53% so far. The main resistance is at $0.58, created by a descending resistance line since the ATH level.
The DCR has been falling ever since it hit the ATH price of $250 on April 16. It formed HL level on September 2 and continued its decline. According to the analyst, the correction can be expected to continue.
STMX has been falling since September 4th. It broke from an ascending support line on December 4 and confirmed as resistance five days later (red dot). Previously, the support line was in effect since the end of June. If STMX continues to decline, the nearest support area is at $0.14.
VGX has been dropping since November 22. After the first bounce, it formed a lower top on December 1st and continued its good level. The closest support area is currently at $2.95.
BTT has been trading inside a symmetrical triangle since June 22. After falling to the support line of the triangle on December 4, it started a strong bounce (green dot). That hit as high as $0.0041 on Dec. According to the analyst, the support line of the triangle can be expected to initiate another bounce.
Altcoin ICP continues its bearish trend
cryptocoin.com As we covered in their analysis, the ICP price has been falling since September 6, when a rising wedge was rejected by the resistance line and split from it the next day. However, the bounce proved short-lived and ICP dropped to an all-time low of $23.62 on Dec. According to the analyst, the downward trend continues.
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