In this article, BeInCrypto takes a look at the eight altcoins that decreased the most over the past seven days (April 9-16).

This week’s hateful eight altcoins are:

Out of our list of altcoins, the one that decreased the most is NPXS. It has been moving downwards since April 8, when it reached an all-time high price of $0.0094.

Since then, it has dropped by a massive 53%.

Currently, it’s trading right at the 0.618 Fib retracement support, which is found at $0.0036. It has potentially begun to bounce. 

The closest resistance is found at $0.006.

DENT has been decreasing since April 5, when it reached an all-time high price of $0.0227. Since then, it has dropped by 48%.

Currently, it’s trading right at the 0.5 Fib retracement support at $0.011. 

If it bounces, the closest resistance area would be found at $0.016.

HOT has been decreasing since April 5, when it reached an all-time high price of $0.031. 

So far, it has decreased by 41%. 

On April 14, it reached the 0.5 Fib retracement support level and appears to be bouncing off support. 

The closest resistance area is found at $0.023.

BTT has been decreasing since April 5, when it reached a high of $0.0134. So far, it has dropped by 42%. 

On April 14, it managed to reach the 0.5 Fib retracement support at $0.0073 and began to bounce. 

The closest resistance area is found at $0.01.

KLAY has been moving downwards since reaching an all-time high price on April 3.

So far, it has moved downwards by 39%. It reached the 0.5 Fib retracement support level on April 12 and bounced. 

The next closest resistance area is found at $3.38.

HNT has been moving downwards since April 7, when it reached an all-time high price of $21.50. 

So far, it has only decreased by 23%. 

In addition, it’s only at the 0.382 Fib retracement support at $14.19. 

The next support level (0.5 Fib retracement) is found at $11.93.

ENJ has been moving upwards since April 7. Three days later, it managed to reach a new all-time high price of $4. 

A further three days after that and it decreased to validate the $2.84 area as support. It has been increasing since.

The next resistance area is found at $4.88.

Out of our list of altcoins, the one that decreased the least is CEL. It has been moving downwards since reaching an all-time high price of $7.96 on April 9. 

The decrease is contained inside a parallel channel, in what is likely to be a corrective movement. Currently, it’s trading right at the 0.382 Fib retracement support level and the support line of this channel.

Therefore, a breakout from this pattern would be likely.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

The post The Hateful Eight: NPXS, DENT, HOT, BTT, KLAY, HNT, ENJ, CEL — Biggest Losers, April 9-16 appeared first on BeInCrypto.

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