XCN, SOL, APT, AXS and Sand Are the Crypto Market’s Least Successful Cryptocurrencies

BeInCrypto looks astatine 5 altcoins that decreased the astir from the full crypto marketplace past week, specifically from Dec. 23 – 30. 

These integer assets person taken the crypto quality and crypto marketplace spotlight:

1. Chain (XCN) price has decreased by 33.83%
2. Solana (SOL) price has decreased by 22.87%
3. Aptos (APT) price has decreased by 15.36%
4. Axie Infinity (AXS) price has decreased by 15.00%
5. The Sandbox (SAND) price has decreased by 14.68%

XCN is The Worst Performing Altcoin

The XCN terms has fallen beneath a descending absorption enactment since Sept. 27. The enactment caused a rejection connected Nov. 1 (red icon) starring to the acceleration of the downward movement. This led to a caller all-time debased of $0.011 connected Dec. 30. 

There are nary reversal signs successful place. As a result, the downward question volition apt continue. Reclaiming the $0.035 absorption country would bespeak that a bullish reversal has begun instead.

XCN/USD Daily Chart. Source: TradingView

SOL Breaks Below Crucial Support

The SOL price broke down from the $30 horizontal enactment country during the archetypal week of November. The downward question has been swift, starring to a debased of $8 connected Dec. 30.

If the downward question continues, the adjacent closest enactment country is astatine $4.20, a 55% driblet from the existent price.

The play RSI has conscionable dropped beneath 25 and has not generated immoderate bullish divergence. This suggests that the inclination is inactive bearish and makes the continuation of the downward question likely.

The SOL terms has to reclaim the $30 country successful bid for the inclination to beryllium considered bullish.

SOL/USDT Weekly Chart. Source: TradingView

APT Resumes Downward Movement

The APT terms has fallen beneath a descending absorption enactment since Oct. 23. More recently, the enactment caused a rejection connected Dec. 16 (red icon) and broke down from the $3.95 enactment country the adjacent day. This is an important improvement since the country had been successful spot since Nov. 8.

Similarly to SOL, the RSI fell beneath 30 and has not generated immoderate bullish divergence.

If the downward question continues, the closest enactment country would beryllium astatine $2.22, created by the 1.61 outer Fib retracement of the astir caller bounce.

APT/USDT Daily Chart. Source: TradingView

AXS Breaks Down From Ascending Support

The AXS terms had accrued alongside an ascending enactment act since Nov. 9. This upward question led to a precocious of $10.40 connected Dec. 5. However, the terms has fallen since and broke down from the ascending enactment act connected Dec. 16.

After validating it arsenic absorption connected Dec. 22 (red icon), the AXS terms resumed its downward question and is adjacent to a caller yearly low. If the alteration continues, the closest enactment country would beryllium astatine $4.50, created by the 1.61 outer Fib retracement of the astir caller bounce.

Reclaiming the ascending enactment act would mean that the inclination is bullish.

AXS/USDT Daily Chart. Source: TradingView

SAND Altcoin Could Fall by 45%

The SAND terms has fallen beneath a descending absorption enactment since reaching an all-time precocious of $7.94 successful Nov. 2021. The enactment caused a rejection successful the archetypal week of November (red icon), breaking down from the $0.80 horizontal enactment country successful the process. This led to a debased of $0.38 connected Dec. 29. 

If the downward question continues, the closest enactment country would beryllium astatine $0.21, a driblet of 46% from the existent price. 

On the different hand, reclaiming the $0.80 absorption country would mean that the inclination is bullish instead.

SAND/USDT Weekly Chart. Source: TradingView

For BeInCrypto’s latest crypto marketplace analysis, click here.