Coins that lost the most during the week: CEL, CRV, VRA, 1INCH, CELR, DOGE

In this article, Bitcoin Magazine analyzes the 6 altcoins that have fallen the most in the past seven days to see if there are any reversal signals.

• Celsius (CEL): -13.27%
• Curve DAO Token (CRV): -12.20%
• Versatility (VRA): -11.97%
• 1 inch network (1 inch): -11.56%
• Celer network (CELR): -9.33%
• Dogecoin (DOGE): -8.80%

CEL

The CEL has fallen since falling below the symmetrical triangle on October 27th.

However, CEL bounced off the $ 3.95 horizontal support area, creating a long wick (green symbol) underneath. As long as the token stays above this zone, the potential for a trend reversal to the upside remains.

However, a break below this will put the token into a declining discovery zone.

Daily CEL / USDT Chart | Source: TradingView

CRV

The CRV has moved up since breaking above the descending resistance line on October 23rd. This is a sign that the ongoing correction since April is over.

The token rebounded significantly on October 25, hitting a high of $ 5.5 three days later. However, the CRV has since declined after creating a long top wick of 13.30% strength. This is seen as a sign of pressure to sell.

The next support is at $ 3.63. This was the previous area of ​​resistance that can now act as support.

Daily CRV / USDT Chart | Source: TradingView

VRA

The VRA has been increasing rapidly since September 29th. That move higher resulted in an all-time high of $ 0.0874 on November 1st. The high was hit right at the Fib retracement level in the most recent drop. This level usually acts as a local top after the price breaks the all-time high.

VRA has declined since then. The next supports are at $ 0.0547 and $ 0.047. These are the 0.382 and 0.5 Fib Retracement Support Levels (white) and the horizontal support areas.

Daily VRA / USDT Chart | Source: TradingView

1INCHON

1INCH has fallen since hitting a high of $ 7.73 on October 27th. The drop produced a very long top wick with a thickness of 35%. This is taken as a sign of selling pressure, as higher levels cannot be maintained. Additionally, 1INCH has yet to hit a new all-time high, just below the previous high of $ 0.14.

The next support is at $ 4. This is the previous horizontal resistance area that is now expected to act as support.

Daily 1INCH / USDT Chart | Source: TradingView

CELR

CELR has been down since September 26th when it hit an all-time high of $ 0.198. It broke the parabolic ascending support line on October 3rd, indicating that the uptrend is over.

So far, it hit a low of $ 0.107 on November 5th.

The token trades within a descending wedge that is considered a bullish pattern. This means that a breakout across the pattern is more likely than a breakdown.

In this case, the closest resistance is at $ 0.15.

Daily CELR / USDT Chart | Source: TradingView

DOGE

On October 18, DOGE broke the descending resistance line and returned on October 27 to confirm it as support (green symbol).

The next day it increased significantly by creating a large bullish real body.

However, prices have fallen since then.

The next support is at $ 0.22, which is created by an ascending support line.

Daily DOGE / USDT Chart | Source: TradingView

You can see the coin prices here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: 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