SingularityNET (AGIX) hit an all-time high on January 14. However, he took the first place in the losers last week. Crypto analyst Valdrin Tahiri says that Helium (HNT) has emerged from a descending resistance line. Also, the analyst states that Casper (CSPR) is following an ascending support line. The analyst examines the five altcoins that fell the most in the entire cryptocurrency market last week.
Top losing cryptocurrencies of the past week
- SingularityNET(AGIX) price down 18.95%
- Helium (HNT) price fell 5.22%
- Casper Network (CSPR) price is down 4.78%
- Bone ShibaSwap (BONE) price down 2.03%
- Kyber Network Crystal v2 (KNC) price down 1.98%
SingularityNET leads the losers in the cryptocurrency market
The AGIX price rose 460% between January 1st and January 14th. This led to an all-time high of $0.258. However, the price formed a long upper wick (red icon) on the same day and has since fallen. If the downside continues, the asset could decline to $0.121-0.147, the 0.5-0.618 Fib retracement support levels. On the other hand, a reversal of the uptrend will likely lead to a retest of the highs at $0.258.
Helium price finally clears resistance
After three failed breakout attempts (red icons), HNT price finally broke above a descending resistance line on Jan. This breakout hit $3.46 on Jan. 17. The cryptocurrency has since plummeted. If the decline continues, the nearest support area will be $2.33-2.48 formed by the 0.5-0.618 Fib retracement support levels (white). On the other hand, a continuation of the upward move could lead HNT price to the 0.618 Fib retracement resistance from the $4.19 high.
Casper regains solidity in the cryptocurrency market
CSPR price has rallied alongside an ascending support line since June 19. This line has been verified six times so far. After the latest bounce on January 7, Casper price started an upward move and rallied as high as $0.042. However, it failed to break out of the $0.038 resistance area, instead forming a long upper wick (red icon). If the downward move continues, the altcoin could reaffirm the ascending support line. The line is currently at $0.030. On the other hand, a break from the $0.038 resistance area could open a high close to $0.050.
Bone ShibaSwap confirms significant level
The coin price has rallied alongside an ascending support line since November 13. On January 16, the price broke out of the $1.25 horizontal resistance area and confirmed as support nine days later (green icon). As long as BONE price does not close below $1.25, the trend remains up. Therefore, the upward move towards $2 is expected to continue. On the other hand, a close below $1.25 might trigger a drop to the ascending support line at $1.
Kyber Network Crystal v2 (KNC) advances in horizontal range
KNC price has increased rapidly since the beginning of the year. It broke above the $0.73 resistance area on Jan. 18 but has yet to confirm it as support. Whether KNC price breaks or bounces off the $0.73 horizontal area can determine the direction of the trend. A bounce could lead to a rally towards $0.96, while a breakdown could result in a drop to $0.63.
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