Bitcoin (BTC) touched a 6-month high of $25,000 this week. The momentum is accompanied by most altcoins, while a few projects like Frax Share and Pancakeswap are under heavy selling pressure. The artificial intelligence coin market, on the other hand, continues to rally independently from other areas.
The most depreciating altcoins during the week of February 10 – 17
Frax Share (FXS) has been bearish since it reached $14.69 on Feb. The downside move resulted in a drop below the $11.40 resistance area. If the decline continues, the nearest support area is at $8. On the other hand, if the price of Frax Share regains the $11.40 resistance area, it could move towards the ATH level of $15 to catch up with the rest of the crypto market. Technical analyst Valdrin Tahiri thinks the current levels will be decisive for FXS price.
NEO (NEO)
NEO price has dropped below a descending resistance line since June 2022. More recently, the line created a very long top wick on February 13 (red icon), resulting in rejection. If the decline continues, NEO price could slide as low as $7.60. However, if the price explodes, it could rally to the next resistance at $12.20.
Osmosis (OSMO)
OSMO price has been rising alongside an ascending support line since Jan. The up move reached $1.26 on Jan. 29. However, the price of Osmosis fell after a descending resistance line. This price action creates a symmetrical triangle that will likely determine the future direction of this crypto trend whether OSMO price breaks out or falls.
A breakout could lead to higher highs around $1.10, while selling pressure could lead to a drop to $0.80.
PancakeSwap (CAKE)
CAKE price broke out of a descending resistance line on January 18. It hit as high as $4.74 on February 9. Later, while it was falling, it confirmed $4 as support. If the increase continues, CAKE price could move towards $4.90. However, if PancaSwap’s price drops below $4, a drop to $3.20 could follow.
Chiliz (CHZ)
CHZ price broke from an ascending support line at the beginning of December 2022. It then rose and confirmed as resistance on Feb. 8 (red icon).
It is currently trading just above the horizontal support area of $0.135. If it bounces, it could reach the support line at $0.19 again. However, if CHZ price declines, a drop towards $0.085 could follow.
The list of altcoins that lost the most value during the week of February 10 – 17 is as follows:
- Frax Share (FXS): -14.04%
- NEO (NEO): -5.12%
- Osmosis (OSMO): -1.75%
- PancakeSwap (CAKE): -1.73%
- Chiliz (CHZ): -0.63%
10 AI coins that rally during the week of February 10 – 17
cryptocoin.comAs you follow, the AI coin market has been in these main trends since January. Some analysts make wild predictions like 101x. The most valuable artificial intelligence coin projects of the week, which are currently taking their first steps in this direction:
- DOC.COM (MTC): 212.08%
- Botto (BOTTO): 86.50%
- Elamachain (ELAMA): 99.25%
- Bird.money (BIRD): 83.28%
- Anchor Neural World (ANW): 60.05%
- Senate (SENATE): 51.76%
- DataHighway (DHX): 47.83%
- Agoras: Currency of Tau (AGRS): 40.78%
- Santiment Network Token (SAN): 41.52%
- Xmon (XMON): 41.06%
- Render Token (RNDR): 36.51%
- B-cube.ai (BCUBE): 30.89%
- Robonomics.network (XRT): 21.90%
- Phoenix (PHB): 20.62%
- Roobe (ROOBE): 18.38%
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