These altcoins have started to attract attention with their poor performance in an emerging crypto market. We have compiled the list of losing altcoins published as Kriptokoin.com for you.
Loopring (LRC) price leads to losers
LRC price, which is among the losing altcoins, broke out of a descending resistance line on January 23. The increase was as high as $0.49 on February 16. However, the price created a long upper wick and has since declined.
If LRC price rises above $0.50 or continues to decline, it will likely determine the future move. A breakout could take the price to $0.60, while a continuation of the decline could result in a drop to $0.33.
Render Token (RNDR) rises above parabolic support line
RNDR price had rallied near a parabolic ascending support line since the beginning of the year. The increase saw $2.19 on February 7.
However, the price went down the parabola the next day. An ABC corrective structure is now likely to be in wave C. The most likely level for the correction to end would be the 0.618 Fib retracement support level at $1.09. However, if RNDR price breaks out of the current short-term descending resistance line, it could rally to $2.20.
Phantom (FTM) internal support operations
Similar to APT, FTM price has fallen below a descending resistance line since Feb. More recently, this line resulted in its rejection on February 16.
FTM price is currently trading inside the $0.495 support area. Its bounce or break can determine the direction of the future trend. A bounce could lead to a retest of the resistance line, while a breakdown could lead to a drop towards $0.420.
dYdX (DYDX) leaps in support
DYDX price has dropped below a descending resistance line since Jan. This line resulted in its rejection on February 16. Currently, the price is trading between the $2.50 horizontal support area and the descending resistance line. If it breaks out of the line, it could rally to $3.50. However, if it breaks below $2.50, the price could drop to $2.00.
Aptos (APT) price follows the resistance line
APT price has dropped below a descending resistance line since Jan. This line has caused numerous rejections, most recently on February 16 (red icon).
The price action coupled with the $13.76 support area forms a descending triangle that is considered a bearish divergence. As a result, a dump from it would be the most likely future price prediction. In this case, APT price could drop to $9.68. However, if the price breaks out of the triangle instead, a rise towards $16.50 could follow.
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