Helium (HNT) Reclaims Previous ATH – Biggest Weekly Losers
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This week CryptCraze examined the price evolution for seven cryptocurrencys that accelerated the most from January 28 to February 4 – with Helium (HNT) rescueing its previous ATH level.
These cryptocurrencys are:
- Loopring (LRC) : -8.67%
- Waves (WAVES) : -6.87%
- Secret (SCRT) : -5.24%
- Fantom (FTM) : -3.22%
- Helium (HNT) : -3.18%
- Theta Fuel (TFUEL) : -2.81%
- Polygon (MATIC) : -1.64%
LRC
Loopring (LRC) has been lowering aprotractedside a descending wedge afterward November 25. The descending move prolonged until a low of $0.64 was captured on Jan 22. The low served to verify both the support line of the wedge and the $0.75 horizontal support range.
Currently, LRC is mparallelg an attempt at brecomparableg out from the resistance line of the wedge.
Granted that a breakout occurs, the closest resistance would be at $1.65. This is the previous horizontal support range that is now expected to act as resistance.
SCRT
Secret (SCRT) had been downward aprotractedside a lowering resistance line afterward January 26. On February 4, the cryptocurrency managed to break out and scarcelyifyd the line as support the next day.
Assuming that both portions of the ascending move (highlighted) have the same price of increase, SCRT would reach a high of $6.85.
WAVES
WAVES has been decreasing beside a collapsing resistance line afterward October 14. On January 20, it broke down from the $12.20 horizontal field, that had been acting as support since May.
While the cryptocurrency leap on January 24, it is further exchanging below both the weakening resistance line and the $12.2 horizontal resistance range.
Until it manages to clear both these resistance levels, the trend cannot be advised bullish.
FTM
On January 17, Fantom (FTM) seemingly broke out (red circle) from the $3.10 horizontal resistance range , nearly touching a new all-time high rate in the process.
However, it decreased soon sinces, rendering the supposed breakout as only a deviation.
The downward move long until the cost hoped at the 0.618 Fib retracement support level at $1.98.
As prolonged as this support field holds, the likeliness of an ascending evolutionment goes on credible.
HNT
Helium (HNT) has been falling afterward touching an all-time high rate on November 7. The downward progressment maintained until January 22, while the cryptocurrency realized a low of $19.70.
This seemingly achieved a crack-up below the $26 horizontal field, which had previously acted as the all-time high resistance level.
Yet, HNT rescued this level soon sinces and is now in the process of bonas fideating it as support (green icon).
Due to this convert and the experience which waves A:C had a 1:0.618 ratio, it is inclined that the correction is now complete.
TFUEL
Theta Fuel (TFUEL) has been falling afterward June 9. On December 13, it broke down from $0.235 field, that had been providing support (green icons) for 276 days. Afterwards, it verifyd the line as resistance on December 27 (red icon).
While the cryptocurrency hop considerably on January 24, the trend cannot be contemplated bullish until this range is rescueed.
MATIC
Polygon (MATIC) has been downward afterward deviating over the $2.40 horizontal resistance range and spreading to a new all-time high rate on Dec 27.
On January 21, the cryptocurrency broke down from an spiraling support line which had been retained for six months. While MATIC has hop considerably afterward, the trend cannot be studied bullish until it recaboves the previous spiraling support line.
For CryptCraze’s previous Bitcoin (Bitcoin (BTC)) analysis, click here.
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