This week several crypto assets have taken the brunt of the market drop. BeInCrypto is looking further into five of the biggest altcoin losers between April 14 to 21. STX, CFX, LRC, IMX and ALGO had their prices fall due to the overall downward trend of the crypto market.

STX saw prices reach a yearly high of $1.31on March 20, however they fell just after, not being able to maintain the high. Since then it has been looked to see if there will be another break above the $1.05 area again, that could lead to further increase of the price up to $1.50.

CFX has been under a descending resistance line since March 19, with prices currently being inside the $0.32 horizontal support area. If the current decrease continues, then it could reach a support at $0.27, if it bounces instead it could reach the resistance line at $0.38.

For LRC there was a long upper wick made on April 14. That is a sign of selling pressure that has caused the prices of the crypto asset to fall ever since. If the price continues to fall, then it could reach the ascending support line at $0.34, however if it regains momentum, then it could go up again to the $0.45 area.

IMX went below the $1.20 support level on March 29 and on April 15 it was validated as resistance. If it continues to drop, the next closest support will be at $0.75, however if it regains momentum, it could reach $1.20 again.

The price of ALGO has fallen since February 9. On April 17 it was rejected at the descending resistance line. It currently trades inside the $0.19 horizontal support area. If the price bounces, it could increase to the resistance line at $0.22, but if it breaks down it could fall to $0.16.

The market is currently in a bearish trend, hence these five crypto assets have been the most affected by it during this week. As always, BeInCrypto recommends to be careful and do the necessary research before investing money on any crypto asset.



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