Luna Classic, Helium, Gnosis, Kusama and EOS – Biggest Weekly Losers

Be[in]Crypto takes a have a look at the 5 cryptocurrencies that decreased essentially the most final week, extra particularly, from Sept. 9 to Sept. 16.

These cryptocurrencies are:

  1. Terra Classic (LUNC): -47.56%
  2. Helium (HNT): -16.58%
  3. Gnosis (GNO): -16.21%
  4. Kusama (KSM): -15.66%
  5. EOS: -15.46%

LUNC

LUNC has been reducing since reaching a excessive of $0.00059 on Sept. 8. The excessive was made at a confluence of necessary Fib ranges, created by the 4.2-4.618 extension of the unique upward motion (pink) and the 1.61 size of waves one and three (white).

The ensuing downward motion has led to a low of $0.00024 on Sept. 15, seemingly inflicting a breakdown from the $0.00028 help space (pink icon).

Unless LUNC reclaims the $0.00028 space, it might proceed falling in the direction of $0.000165. The chance of a lower can be supported by the each day RSI, which has fallen beneath 50 (pink icon).

HNT

HNT has decreased since reaching an all-time excessive value of $51.47 in Nov. 2021. The downward motion has up to now led to a low of $3.18 this month.

The ensuing bounce validated the $4 space as help (inexperienced icon), making a bullish candlestick within the course of. However, the upward motion couldn’t be sustained, and the value has decreased to the $4 space once more.

The weekly RSI is significantly beneath 50, indicating that the long-term pattern is bearish. As a end result, an eventual breakdown from the $4 space is probably going. If one happens, the following closest help space can be at $1.80

GNO

GNO has been reducing since reaching a excessive of $205 on Aug. 18. The value created a decrease excessive on Sept. 11 (pink icon), validating the resistance line of a descending parallel channel. 

If the downward motion continues, the closest help space can be at $125. The help is created by the help line of the channel and a horizontal help space.

KSM

KSM has been falling since reaching a excessive of $69.91 on July 23. It created a barely decrease excessive to start with of Aug. earlier than accelerating its price of lower. 

On Thursday, KSM broke down from the $45 horizontal help space, which had been in place since June. On Friday, KSM reached a brand new yearly low of $42.85.

If the downward motion continues, the following closest help ranges can be at $36 and $27, created by the 1.27 and 1.61 Fib retracement ranges of the newest upward motion.

EOS

EOS has been falling since reaching a excessive of $1.90 on Aug. 23. The value created a decrease excessive on Sept. 19 and accelerated its price of lower afterwards. 

Currently, EOS is buying and selling inside a confluence of help degree at $1.40, created by a horizontal help space and the resistance line of a earlier ascending parallel channel.

Whether EOS breaks down beneath this help space or bounces will possible decide the course of the long run pattern.

For Be[in]Crypto’s newest Bitcoin (BTC) evaluation, click on right here

Disclaimer

All the knowledge contained on our web site is revealed in good religion and for basic data functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own threat.

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