The Hateful Eight: SHIB, ICP, EOS, ZEC, BSC, DASH, QTUM, OKB—Largest Losers Could 14-21


BeInCrypto takes a have a look at the eight altcoins that decreased essentially the most over the previous seven days, from Could 14 to Could 21.

  1. SHIBA INU (SHIB): -54.97%
  2. Web Laptop (ICP): -47.90%
  3. EOS (EOS): -41.93%
  4. Zcash (ZEC): -41.36%
  5. Bitcoin SV (BSV): -40.78%
  6. Sprint (DASH): -40.64%
  7. Qtum (QTUM): -39.55%
  8. OKB (OKB): -39.32%

SHIB

SHIB has been transferring downwards since reaching a brand new all-time excessive worth of $0.000035 on Could 10. Because the excessive, it has fallen by 74%.

On Could 19, it reached the 0.786 Fib retracement assist degree at $0.00000821 and bounced upwards. Nonetheless, the bounce has been fairly weak to date.

If it resumes, the $0.0000155 space is now more likely to act as resistance.

SHIB Movement
SHIB Chart By TradingView

ICP

ICP has been transferring downwards since its Binance launch on Could 11. On Could 19, it fell to an all-time low worth of $92.

Nonetheless, shortly after, it broke out from a descending resistance line. 

After the breakout, it reached the 0.382 Fib retracement resistance at $217 and was rejected. 

If it continues to extend, ICP would doubtless face a heavy horiztonal resistance line at $340.

ICP Breakout
ICP Chart By TradingView

EOS

EOS has been transferring downwards since Could 12. Up to now, it has decreased by 58% from native highs. 

On Could 19, it reached the $5.30 space, validating it as assist. The realm has been reached twice since April 2021. The extent supplied some aid for EOS this previous week, however it’s nonetheless struggling to maneuver upwards with conviction.

If it may possibly proceed transferring upwards, it can doubtless face heavy resistance across the $9.50 degree.

EOS Horizontal levels
EOS Chart By TradingView

ZEC

ZEC has been reducing since reaching a excessive of $372.71 on Could 12 and making a taking pictures star candlestick. The lower was sharp, inflicting a breakdown under the $200 space. The realm is now anticipated to behave as resistance.

The worth reached a low of $105 earlier than bouncing. Up to now, it’s moved upwards by 64% relative to the vary lows. ZEC is presently buying and selling inside a variety between $105 and $200.

ZEC Trading Range
ZEC Chart By TradingView

BSV

BSV has been transferring downwards since Could 6. On Could 19, it reached a low of $140 earlier than bouncing. The lower measured roughly 70% in solely 13 days.

BSV is again to buying and selling on the $150 assist space, which it had traded for almost all of 2020. 

The primary resistance degree is now discovered at $280.

BSV Movement
BSV Chart By TradingView

DASH

DASH has been reducing since Could 7 after reaching a excessive of $478. The downward movem took DASH to a low of $140.73 on Could 19.

The primary assist space is discovered at $190, a degree that’s been reached a number of instances in 2021.

If DASH manages to maneuver upwards, it can doubtless face resistance at $265 and $310.

DASH Movement
DASH Chart By TradingView

QTUM

QTUM has been transferring downwards because it reached a excessive of $35.65 on Could 7. The drop continued till Could 19, when QTUM reached a low of $7.27. This was the bottom worth since March 25 and likewise allowed a retest of the $7.80 space as assist.

It has bounced significantly since, growing by 75%. 

The primary resistance ranges are discovered at $18.20 and $21.55. These are the 0.382 and 0.5 Fib retracement ranges, respectively.

QTUM Bounce
QTUM Chart By TradingView

OKB

OKB has been falling since reaching a excessive of $44.35 on Could 3. It reached a low of $9.60 on Could 19. 

Whereas this appeared to trigger a breakdown from an ascending assist line, OKB has created an extended decrease wick and reclaimed the road.

The bounce from the lows has been substantial, measuring 124%. Nonetheless, OKB has but to reclaim the $22.50  breakout degree. Till it does, the development can’t be thought-about bullish.

OKB Ascending Support
OKB Chart By TradingView

For BeInCrypto’s newest bitcoin (BTC) evaluation, click on right here.

The put up The Hateful Eight: SHIB, ICP, EOS, ZEC, BSC, DASH, QTUM, OKB—Largest Losers Could 14-21 appeared first on BeInCrypto.



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