Categories: Analysis

The 8 biggest losers of the week: SLP, TOMO, BAKE, DENT, TEL, UNI, DCR, DASH

Bitcoin Magazine will take a look at the eight altcoins that fell the most in the last seven days from September 3rd to 10th.

These altcoins are:

  1. Gentle love potion (SLP): -31.07%
  2. TomoChain (TOMO): – 29.90%
  3. BakeryToken (BAKE): -28.86%
  4. Dent (DENT): -26.24%
  5. Telcoin (TEL): -23.74%
  6. Uniswap (UNI): -22.44%
  7. Decree (DCR): -19.79%
  8. Dash (DASH): -17.66%

SLP

The SLP has been falling since July 13th after hitting a high of $ 0.41. The decline takes the form of a descending wedge, often viewed as a bullish reversal pattern.

So far, the SLP hit a low of $ 0.08 on September 7th. This also confirms the $ 0.08 zone as support, a level not seen since May 23rd.

While the RSI may be creating a bullish divergence, there are still no clear signs of a bullish reversal.

If there is a breakout, the next resistance will be found at USD 0.20. That target is the 0.382 fibonacci retracement resistance.

Conversely, a break below the USD 0.08 support area could push the SLP to new all-time lows.

Daily SLP / USDT Chart | Source: TradingView

TOMO

TOMO has risen since May 19th. On July 8th, the price broke an ascending parallel channel and returned on July 20th to confirm it as support (blue symbol).

After that, the price continued to rise until it hit a new all-time high of $ 3.92 on September 6th. However, the next day he fell badly.

Technical indicators are falling. The RSI has moved below 50 and it is possible that the token completed a pullback with wave 4. As long as it does not break below the channel’s support line, the bullish structure will remain intact.

Daily TOMO / USDT Chart | Source: TradingView

TO BAKE

BAKE has been moving along an ascending support line since February.

On July 20th, he touched this line and rose to the top. By September 7th, the price had fallen back on that line.

While the support line is still intact, the technical indicators are bearish. The MACD is near the negative zone and the RSI has fallen below 50.

BAKE / USDT daily chart | Source: TradingView

DELLE

DENT has increased since July 20th. It broke out above a rising parallel channel on August 11 and continued to hit a high of $ 0.0089 on August 15.

The price has since decreased, on September 7th at a faster rate of decrease. On that day, DENT hit a low of $ 0.0042.

Similar to TOMO, DENT likely completed a pullback with wave 4.

DENT / USDT 6-hour chart | Source: TradingView

TEL

On July 24th, TEL broke out above a descending resistance line. It continued to hit a high of $ 0.029 on August 23.

However, the price fell afterwards and broke below the USD 0.02 support area. Until it has recovered to this level, the trend cannot be viewed as bullish.

Daily TEL / USDT chart | Source: TradingView

UNIVERSITY

On August 13th, UNI climbed above the $ 29 resistance area and appears to have broken out again on September 1st after falling slightly.

This created a double top (red circle) that is often viewed as a bearish reversal pattern.

UNI has fallen since then.

The price is currently trading just above the 0.5 fib retracement support at $ 22.68. So far there has been no sign of a bullish reversal.

UNI / USDT daily chart | Source: TradingView

DCR

DCR has increased since July 20th. Between August 17th and September 3rd, DCR attempted a breakout above the $ 180 area.

However, it failed and broke below the rising support line on September 7th.

DCR is currently trying to find support above the 0.5 fib retracement level at $ 138.50.

DCR / USDT daily chart | Source: TradingView

HYPHEN

On July 19, DASH broke out above a descending resistance level. It continued to rise until it hit $ 285 on August 23.

However, since then the price has fallen and hit a lower high on September 5th.

The technical indicators are bearish – the RSI has fallen below 50 and the MACD is about to break into negative territory.

Currently DASH is trading just above the USD 190 support area where it has stalled.

Daily DASH / USDT chart | Source: TradingView

Here you can see the altcoin prices.

We invite you to join our Telegram for faster news: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Beincrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

1 hour ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

1 hour ago

Bitcoin Price in 2025 Will Reach $200,000: Bernstein

Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…

2 hours ago

Bitfinex Alpha Predicts Storm Brewing in Crypto Market

The latest report by Bitfinex Alpha: "The Calm Before the Storm," provides insights on the…

3 hours ago

Binance Listing Fees Are Causing Fierce Controversy In The Community

The crypto community is in a heated debate over Binance listing fees and the exchange’s…

3 hours ago

This website uses cookies.