These 3 Altcoins Hit All-Time Lows Today

2023-8-19 23:00

During a significant cryptocurrency market drop on August 17, Internet Computer (ICP), SUI, and Apecoin (APE) all fell to new all-time lows.

While ICP has not yet closed below its main horizontal support level, SUI and APE crashed through theirs without a bounce.

Internet Computer (ICP) Price Closes Below $3.50

The ICP price has fallen under a descending resistance line since reaching a yearly high of $8.23 on February 18. The decrease led to a low of $3.35 on June 10, and the price bounced at the $3.50 horizontal support area (green icon). 

However, ICP failed to sustain its increase. Rather, it was rejected by the resistance line again on August 14 and fell to a new all-time low price of $3.15 three days later. 

Despite the decrease, the ICP price has not yet closed below the $3.50 horizontal support area. As long as it does not do that, the potential for a bullish trend reversal still remains. 

ICP/USDT Daily Chart. Source: TradingView

If the decrease continues, the ICP price can fall by another 25% and reach the next support at $2.58. Since the price is at an all-time low, the 1.61 external Fib retracement is required to find the next closest support.

On the other hand, in case of a breakout, the price can increase by 30% and reach the next resistance at $4.50.

SUI Price Crashes Below Support

The SUI price has fallen under a descending resistance line since June 22. The line has caused numerous rejections, most recently on August 13. This catalyzed the ongoing decrease and led to a new all-time low of $0.45.

The next closest support is at $0.41, a drop of 15% measuring from the current price.

Interested in AI Trading? 9 Best AI Crypto Trading Bots to Maximize Your Profits

SUI/USDT Six-Hour Chart. Source: TradingView

On the other hand, if the SUI price bounces, it can reach the descending resistance line at $0.55, an increase of 17% measuring from the current price.

Can Apecoin (APE) Price Bounce at Support?

The APE price has fallen inside a descending parallel channel since June 17. These channels are considered corrective patterns. Therefore, an eventual breakout from it would be the most likely scenario.

However, the APE price broke down from the $1.80 horizontal support area on August 17 and reached a new all-time low of $1.34. This is a bearish sign and puts the possibility of a breakout from the channel at risk.

APE/USDT Six-Hour Chart. Source: TradingView

A strong bounce at the channel’s support line can lead to a 20% increase to $1.80. On the other hand, a breakdown from the channel would take the price to $1.11, a drop of 26% measuring from the current price.

Looking For a New Exchange? These Are the Best Crypto Sign-Up Bonuses in 2023

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

The post These 3 Altcoins Hit All-Time Lows Today appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

HitChain (HIT) на Currencies.ru

$ 4.5E-6 (+10.11%)
Объем 24H $38
Изменеия 24h: 0.04 %, 7d: -8.50 %
Cегодня L: $4.1E-6 - H: $4.5E-6
Капитализация $0 Rank 7656
Цена в час новости $ 4.06E-5 (-88.92%)

lows these all-time today altcoins hit beincrypto

lows these → Результатов: 126


Shiba Inu Price Prediction 2023: Can These Newly Emerging Meme Coins Beat SHIB?

Shiba Inu ($SHIB) is up by a respectable 18% from the July lows as it looks to break strong resistance at $0.00000850 in the coming weeks. A break above this level would send $SHIB parabolic as the Shiabrium ecosystem is set to expand the ecosystem and provide a wealth of utility to the meme coin […] The post Shiba Inu Price Prediction 2023: Can These Newly Emerging Meme Coins Beat SHIB? appeared first on CaptainAltcoin.

2023-8-3 15:58


Фото:

A Storm is Brewing: Bitcoin to See Massive Volatility Due to These Factors

Bitcoin has seen some mixed price action as of late that has made it incredibly confusing as to where it will trend in the mid-term The crypto is seeing some signs of strength today, with its price rebounding off of its recent lows as bulls look to target its $33,000 resistance The bear case for BTC has grown stronger throughout the past few days, but it remains unclear as to whether or not this low […]

2021-1-29 21:00


Фото:

Bitcoin is Getting “Squeezed” Between 2 Critical Levels; Volatility Imminent

Bitcoin’s price action has been rather lackluster ever since it saw its sharp decline to lows of nearly $28,000 just a few days ago The selling pressure that sent it down to these lows has since subsided, but bulls have been struggling to extend the momentum that first sparked this movement Where the entire market trends in the mid-term may depend largely, if not entirely, on whether Bitcoin can sustain the rebound seen in the […]

2021-1-25 21:00


Фото:

Ethereum Recovers from the “Brink of Death” as Bulls Ignite Strong Recovery

Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]

2020-12-24 01:00


Here’s Why Ethereum’s Overnight Plunge May Help Clear a Path to $700

Ethereum was struck hard by the plunge seen yesterday evening by the aggregated crypto market After setting fresh 2020 highs of $495 alongside BTC’s push towards $19,000, the cryptocurrency saw a rapid and unrelenting plunge that sent it to lows of $450 on some trading platforms This 10% decline occurred over the course of a few minutes and sent shockwaves throughout the entire market It has since recovered from these lows and is now consolidating […]

2020-11-19 23:00


Фото:

Analysts Expect Bitcoin to Rally to $19,000 Next Despite Spike in Funding

For the first time in weeks, Bitcoin saw a massive selloff yesterday evening that caused its price to reel to lows of $17,400 These lows came just over an hour after the cryptocurrency hit highs of $18,600, with this marking a fresh post-2017 high Where the entire market trends in the near-term will depend largely on how Bitcoin continues trading in the time following this selloff Bulls were able to push BTC back above $18,000 […]

2020-11-19 21:00


Фото:

Bitcoin Sees 200 Days of Gains; Here’s the Key Level It Must Keep Holding

Bitcoin has been in a macro uptrend for the past 200 days, first beginning when the cryptocurrency plunged to lows of $3,800 in mid-March Ever since, it has been rallying higher, seeing multiple consolidation phases and even a few sharp selloffs Nonetheless, this trend has resulted in it rallying up to its post-2017 highs of $16,400 that were set yesterday evening The crypto is now consolidating just below these highs as bulls aim at leading […]

2020-11-14 02:00


Фото:

Here’s Why Analysts Expect Bitcoin to Plunge Lower in the Near-Term

It has been a relatively uneventful day for Bitcoin, with the benchmark crypto ranging sideways following the immense decline seen yesterday that sent it down to $14,800 The buying pressure at these lows proved to be too much for bears to handle and instantly sparked a “V-shaped” recovery BTC is now hovering within the lower-$15,000 region, struggling to gain any upwards momentum as its buyers and sellers reach an impasse This trend of stability may […]

2020-11-11 21:00