Cryptocurrency analyst Valdrin Tahiri notes that Stacks (STX) and Mina Protocol (MINA) were rejected by horizontal resistance. The analyst notes that SingularityNET (AGIX) and Aptos (APT) are emerging from descending resistance lines. And finally, the analyst says that Dash (DASH) has broken out of an ascending support line. Valdrin Tahiri looks at the top five losing altcoin projects in the entire crypto market last week.
This altcoin is causing the crypto market to lose
Stacks (STX) price has dropped 20.21% in the last week. STX has been declining since hitting its yearly high of $1.31 on March 20. On the same day, he created a bearish candle with a long wick. On March 30, the price broke the $1 horizontal area and confirmed it as resistance (red icon). This turns the previous breakout into a divergence (red circle). If the decline continues, the next closest support will be at $0.60. However, if the STX price reclaims the $1 area, it could rise to $1.30.
Mina Protocol (MINA) dropped below resistance
The altcoin price has dropped 16.90% in the past week. MINA has been losing altitude since March 18. It formed a lower top on March 24 and then increased the rate of decline. On March 28, the price confirmed the $0.75 area as resistance (red icon). If this leads to another decline, MINA price could slide to $0.60. However, if the price retraces the $0.75 area, it could rally to $0.90.
This altcoin is trying to find support
cryptocoin.comAs you follow, SingularityNET (AGIX) price has decreased by 15.04% in the last week. AGIX broke out of a descending resistance line on March 14. However, it failed to sustain its rise and fell to the line (green icon) once again on March 28. It is unclear whether this will initiate another splash. If it does, the nearest resistance stands at $0.57. However, if AGIX price closes below the $0.35 support level, it could decline to $0.20.
Aptos (APT) returns to key support
Aptos (APT) price is down 13.37% in the last week. The altcoin has rallied since March 10, when it bounced around the $10 horizontal support area (green icon). However, the bounce was weak and the price almost bounced back into the zone once again. Whether the digital asset will break out of the $10 zone or the current descending resistance line will likely determine the future trend. A break could lead to lows near $7, while a break might lead to an increase towards $14.
This altcoin struggles after crypto crash
Dash (DASH) price has dropped 12.13% in the past week. The altcoin dropped to $43.53 two days after the rising support line on March 9. As the price bounced later, it failed to retrace the ascending support line. If the rejection continues, the altcoin could drop back to the $48.30 support area. However, an upside move to $76 could occur if it retraces the line.
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