BeInCrypto takes a look at the five biggest altcoins in the entire crypto market this week, specifically March 10 to 17,
The altcoins that fell the most in the entire altcoin market are:
- Bone ShibaSwap (BONE) decreased in price by 16.91%
- Helium (HNT) price has decreased by 15.35%
- Maker (MKR) has decreased by 6.24%
- Flair (FLR) declined by 4.92%
- Core (Core) price has decreased by 3.04%
Bone ShibaSwap (BONE) Crypto Price Leads Altcoin Market Losers
Bone price has declined since it was rejected by the $1.95 resistance area in early March (red circle). Initially, the price bounced towards the $1.45 horizontal support area. However, it broke from it on 16 March.
Currently, the digital asset is trading just above the 0.618 Fibonacci retracement support at $1.17. If it bounces, it could test the $1.45 area again. However, if there is a breakdown, BONE price may drop to $0.60.
Helium (HNT) drops to new year low
HNT price has been falling below the descending resistance line since late February. The line has caused several disclaimers, most recently on 14 March (red icon). This led to a decline to the $1.60 horizontal support area.
If the price breaks this area, it could drop to $1. However, if HNT price bounces, it may once again reach the resistance line.
Maker (MKR) price trades in a lower range
Maker (MKR) price has been trading between $675 and $950 since the beginning of February. Recently, it was rejected from the March 14 higher range (red icon) and started the current downward movement.
If the price bounces higher, it could move up to the 0.618 Fibonacci retracement resistance at $833. However, if it breaks down, it could drop further towards $475.
Flair (FLR) price has hit an all-time low
The FLR price has been falling below a descending resistance line since Jan 29. This line caused a rejection on February 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 draw below the level could accelerate the rate of decline even further, taking FLR in search of a bearish price.
On the other hand, if there is an upside rally, the FLR could rise towards the $0.034 resistance area.
Huobi Token (HT) Crypto Loses Major Support
On March 9, HT price declined below the $4.20 horizontal support area. Currently, it is in the process of validating it as resistance.
If successful, a drop to $1.50 is possible. On the other hand, if HT price reclaims the $4.20 area, it could rise towards the descending resistance at $5.25.
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