BeInCrypto looks at the five biggest altcoins losers in the entire cryptocurrency market this week, specifically from March 3 to 10.
The altcoins that have fallen the most in the entire altcoin market are:
- Stacks (STX) price fell by 32.71%
- SingularityNET (AGIX) price fell by 30.81%
- Mina (MINA) price fell by 29.43%
- Render Token (RNDR) price fell by 28.77%
- Dash (DASH) price fell by 24.98%
Stacks (STX) Price Leads Crypto Market Losers
The Stacks price has decreased since reaching a high 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.
Currently, the cryptocurrency price is trading just above the 0.618 Fib retracement support level at $0.53. While the area could initiate a bounce, the RSI has not generated any bullish divergence yet.
If the decrease continues, the next closest support area would be at $0.40. On the other hand, if a bounce occurs, the STX price could increase to $0.63.
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Author: Valdrin Tahiri
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