The 8 biggest losers of the week: AMP, FLOW, TEL, ALICE, DCR, TFUEL, SHIB, DOGE
The previous seven days have been good for the crypto trade as solely two tokens have seen double-digit drops.
The eight tokens that fell the most in the previous week had been:
- Ampere (AMP): -16.78%
- Flow (FLOW): -13.64%
- Telcoin (TEL): -6.78%
- My Neighbor Alice (ALICE): -4.17%
- Decree (DCR): -3.13%
- Theta Fuel (TFUEL): -2.68%
- Shiba-INU (SHIB): -1.94%
- Dogecoin (DOGE): -1.50%
AMP has been down since July twenty sixth when it peaked at $ 0.092. A excessive was hit simply above the 0.618 fib retracement resistance at $ 0.09. It leaves a protracted wick on prime (pink symbol).
It has fallen 36% thus far and is approaching the $ 0.052 horizontal assist space.
At the time of writing, there are not any bullish indicators.
Daily AMP / USDT Chart | Source: TradingView
FLOW has risen since confirming the USD 17.60 space as assist on July twenty seventh. It hit a excessive of $ 29.43 three days later.
However, it could not maintain up increased and as a substitute created a protracted higher wick (pink symbol). The subsequent decline confirmed the $ 25.80 space as resistance.
Technical indicators are comparatively impartial.
Therefore, FLOW can proceed to consolidate in the $ 17.60 to $ 25.80 vary.
Daily FLOW / USDT chart | Source: TradingView
TEL has elevated since July twentieth. It broke a descending resistance line on July twenty fourth and hit a excessive of $ 0.023 two days later.
However, it failed to interrupt out and was rejected from the $ 0.023 resistance space. This resulted in a low of $ 0.0158 on August third.
Thereafter, TEL bounced off the horizontal assist space at $ 0.0158, which can be the retracement assist at 0.5 Fib. The price broke above the descending resistance line on August fifth and is at the moment confirming it as assist.
If profitable, the price is prone to climb again to the $ 0.023 resistance space.
Daily TEL / USDT chart | Source: TradingView
ALICE has risen quickly since July twentieth. This resulted in a excessive of $ 16.5 on July twenty ninth.
The token has since moved down, hovering above the 0.382 Fibonacci retracement assist space at $ 11.70.
Technical indicators are comparatively impartial. The RSI is at the 50 line and the MACD is close to the zero line.
The subsequent resistance is at $ 19 whereas the subsequent assist is at $ 8.75.
Daily ALICE / USDT chart | Source: TradingView
From May twenty third to July twenty first, DCR hit a triple backside inside the horizontal assist space of $ 94.
It then started to rise and broke above the descending resistance line on July twenty seventh.
DCR hit a excessive of $ 158.93 on August 1st earlier than falling once more. It is at the moment in the course of of confirming the resistance line as assist (inexperienced symbol).
If profitable, the subsequent resistance is $ 170.
DCR / USDT every day chart | Source: TradingView
On July 20, TFUEL hit a low of $ 0.217 and rebounded. The transfer confirmed the $ 0.23 zone as assist (inexperienced symbol).
The rally then hit a excessive of $ 0.393 on July twenty sixth. However, TFUEL failed to interrupt above the $ 0.35 resistance space and was as a substitute rejected (pink icon).
It is at the moment trading in the center of the $ 0.21-0.39 vary. Technical indicators are additionally comparatively impartial. A breakout or decline under this vary is prone to decide the course of the future pattern.
Daily TFUEL / USDT Chart | Source: TradingView
SHIB has been trading inside the $ 0.000064 assist space as of May nineteenth. In addition, it has been virtually at the similar stage since July 20.
Technical indicators are utterly impartial.
Each bounce, nonetheless, was weaker than the earlier one, an indication that the momentum is weakening.
When a breakdown happens, the subsequent assist is at $ 0.00000170.
Daily SHIB / USDT chart | Source: TradingView
On June twenty second and July twenty first, DOGE accomplished a double backside sample inside the $ 0.165 horizontal assist after which broke the descending resistance line.
It hit a excessive of $ 0.234 on July 26 however was rejected by the 0.5 fib retracement assist.
It is at the moment attempting to hit the next low to begin one other uptrend.
Daily DOGE / USDT Chart | Source: TradingView
You can see the price of altcoins right here.
Disclaimer: This article is for informational functions solely, not funding recommendation. Investors ought to analysis rigorously earlier than making a choice. We are usually not chargeable for your funding selections.
According to Beincrypto