These 5 Altcoins Bore the Brunt of This Week’s Crypto Market Collapse

BeInCrypto seems on the 5 greatest altcoins losers in your entire cryptocurrency market this week, particularly from March 3 to 10.

The altcoins which have fallen probably the most in your entire altcoin market are:

1. Stacks (STX) worth fell by 32.71%
2. SingularityNET (AGIX) worth fell by 30.81%
3. Mina (MINA) worth fell by 29.43%
4. Render Token (RNDR) worth fell by 28.77%
5. Sprint (DASH) worth fell by 24.98%

Stacks (STX) Value Leads Crypto Market Losers

The Stacks worth has decreased since reaching a excessive 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. 

At present, the cryptocurrency worth is buying and selling simply above the 0.618 Fib retracement help stage at $0.53. Whereas the realm may provoke a bounce, the RSI has not generated any bullish divergence but. 

If the lower continues, the subsequent closest help space can be at $0.40. Alternatively, if a bounce happens, the STX worth may improve to $0.63.

SingularityNET (AGIX) Value Dangers Additional Breakdown

The AGIX worth has fallen since reaching a excessive of $0.67 on Feb. 8. It created a decrease excessive (pink icon) on March 1 and resumed its descent afterward. On March 9, it broke down from the 0.5 Fib retracement help stage at $0.36.

If the lower continues, the altcoin may fall to the 0.618 Fib retracement help stage at $0.28. 

Nevertheless, AGIX may retest the $0.36 stage if a bounce happens.

Mina (MINA) Resumes Fall

The MINA worth has fallen sharply since reaching a excessive of $1.25 on Feb. 16. This prompted a deviation above the $1.17 resistance space. The speed of lower accelerated on March 3. 

At present, the crypto is approaching the $0.57 horizontal help space and is predicted to achieve it. 

Alternatively, if the worth bounces, it may retest the $0.82 space and validate it as resistance.

Render Token (RNDR) Falls After Parabola Breaks Down

The RNDR worth has decreased since Feb. 7 when it reached a excessive of $2.19. It created a decrease excessive on Feb. 16 and accelerated its fee of lower afterward. 

At present, the digital asset trades under the 0.618 Fib retracement help stage at $1.08. If the drop continues, the closest help can be at $0.77. Alternatively, if RNDR regains momentum, it may retest the $1.07 space as soon as extra.

Sprint (DASH) Breaks Down From Ascending Help

The DASH worth has fallen since reaching a excessive of $77.90 on Feb. 16. The worth created a decrease excessive in the beginning of March and accelerated its fee of lower afterward. On March 9, DASH broke down from an ascending help line.

If the lower continues, the closest help space can be at $49.

Alternatively, if the crypto asset regains momentum, it may retest the ascending help line at $60.

For BeInCrypto’s newest crypto market evaluation, click on right here.