BeInCrypto looks at five altcoins that decreased the most from the entire crypto market last week, specifically from Dec. 23 – 30.
These digital assets have taken the crypto news and crypto market spotlight:
- Chain (XCN) price has decreased by 33.83%
- Solana (SOL) price has decreased by 22.87%
- Aptos (APT) price has decreased by 15.36%
- Axie Infinity (AXS) price has decreased by 15.00%
- The Sandbox (SAND) price has decreased by 14.68%
XCN is The Worst Performing Altcoin
The XCN price has fallen below a descending resistance line since Sept. 27. The line caused a rejection on Nov. 1 (red icon) leading to the acceleration of the downward movement. This led to a new all-time low of $0.011 on Dec. 30.
There are no reversal signs in place. As a result, the downward movement will likely continue. Reclaiming the $0.035 resistance area would indicate 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 support area during the first week of November. The downward movement has been swift, leading to a low of $8 on Dec. 30.