BeInCrypto looks at the five biggest altcoins losers in the entire cryptocurrency market this week, specifically from March 10 to 17.
The altcoins that have fallen the most in the entire altcoin market are:
- Bone ShibaSwap (BONE) price has decreased by 16.91%
- Helium (HNT) price has decreased by 15.35%
- Maker (MKR) price has decreased by 6.24%
- Flare (FLR) price has decreased by 4.92%
- Core (CORE) price has decreased by 3.04%
Bone ShibaSwap (BONE) Crypto Price Leads Altcoin Market Losers
The BONE price has fallen since the $1.95 resistance area rejected it in the beginning of March (red circle). Initially, the price bounced at the $1.45 horizontal support area. However, it broke down from it on March 16.
Currently, the digital asset trades just above the 0.618 Fib retracement support at $1.17. If it bounces, it could retest the $1.45 area again. However, if a breakdown follows, the BONE price could fall to $0.60.
Helium (HNT) Falls to New Yearly Low
The HNT price has decreased under a descending resistance line since the end of February. The line caused numerous rejections, the most recent on March 14 (red icon). This caused a fall to the $1.60 horizontal support area.
If the price breaks down from this area, it could fall to $1. However, the HNT price could reach the resistance line once more if it bounces.
Maker (MKR) Price Trades in Range Bottom
The Maker (MKR) price has traded in a range between $675 and $950 since the beginning of February. More recently, it was rejected by the range high on March 14 (red icons) and began the current downward movement.
If the price bounces, it could increase to the 0.618 Fib retracement resistance at $833. However, a fall to $475 could follow if it breaks down.
Flare (FLR) Price Falls to New All-Time Low
The FLR price has fallen under a descending resistance line since Jan. 29. The line caused a rejection on Feb. 20, accelerating the rate of decrease.
The cryptocurrency fell to a new all-time low of $0.025 on March 15. Since there is no support below that price, a decrease below the level could accelerate the rate of decline even further, taking FLR into bearish price discovery.
On the other hand, if a bounce follows, FLR could increase to the resistance line at $0.034.
Huobi Token (HT) Crypto Loses Key Support
The HT price broke down below the $4.20 horizontal support area on March 9. Currently, it is in the process of validating it as resistance.
If successful, a fall to $1.50 could follow. On the other hand, if the HT price reclaims the $4.20 area, it could increase to the descending resistance line at $5.25.
For BeInCrypto’s latest crypto market analysis, click here.
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