BeInCrypto looks at the five biggest altcoins losers in the entire cryptocurrency market this week, specifically from March 3 to 10.
The altcoins that have fallen the most in the entire altcoin market are:
- Stacks (STX) price fell by 32.71%
- SingularityNET (AGIX) price fell by 30.81%
- Mina (MINA) price fell by 29.43%
- Render Token (RNDR) price fell by 28.77%
- Dash (DASH) price fell by 24.98%
Stacks (STX) Price Leads Crypto Market Losers
The Stacks price has decreased since reaching a high of $1.05 on March 1. The altcoin broke down from an ascending parallel channel on March 4, reaching a low of $0.59 on March 9.
Currently, the cryptocurrency price is trading just above the 0.618 Fib retracement support level at $0.53. While the area could initiate a bounce, the RSI has not generated any bullish divergence yet.
If the decrease continues, the next closest support area would be at $0.40. On the other hand, if a bounce occurs, the STX price could increase to $0.63.
SingularityNET (AGIX) Price Risks Further Breakdown
The AGIX price has fallen since reaching a high of $0.67 on Feb. 8. It created a lower high (red icon) on March 1 and resumed its descent afterward. On March 9, it broke down from the 0.5 Fib retracement support level at $0.36.
If the decrease continues, the altcoin could fall to the 0.618 Fib retracement support level at $0.28.
However, AGIX could retest the $0.36 level if a bounce occurs.
Mina (MINA) Resumes Fall
The MINA price has fallen sharply since reaching a high of $1.25 on Feb. 16. This caused a deviation above the $1.17 resistance area. The rate of decrease accelerated on March 3.
Currently, the crypto is approaching the $0.57 horizontal support area and is expected to reach it.
On the other hand, if the price bounces, it could retest the $0.82 area and validate it as resistance.
Render Token (RNDR) Falls After Parabola Breaks Down
The RNDR price has decreased since Feb. 7 when it reached a high of $2.19. It created a lower high on Feb. 16 and accelerated its rate of decrease afterward.
Currently, the digital asset trades below the 0.618 Fib retracement support level at $1.08. If the drop continues, the closest support would be at $0.77. On the other hand, if RNDR regains momentum, it could retest the $1.07 area once more.
Dash (DASH) Breaks Down From Ascending Support
The DASH price has fallen since reaching a high of $77.90 on Feb. 16. The price created a lower high at the beginning of March and accelerated its rate of decrease afterward. On March 9, DASH broke down from an ascending support line.
If the decrease continues, the closest support area would be at $49.
On the other hand, if the crypto asset regains momentum, it could retest the ascending support line at $60.
For BeInCrypto’s latest crypto market analysis, click here.
BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.