Here are 7 Altcoins That Upset and Collapse Investors This Week

Last week, we take a brief look at the seven altcoin projects that fell the most, especially between November 12-19.

  1. OMG Network (OMG): -20%. 32
  2. Algorand (ALGO): -18%. 90
  3. Zcash (ZEC): -17%. 03
  4. Phantom (FTM): -14%. 04
  5. SushiSwap (SUSHI) : -13%. 95
  6. NEAR Protocol (NEAR) :-13%. 91
  7. Vomiting (KSM): -13%. 87

Redboard leaders of the week: OMG, ALGO, ZEC, FTM

  • OMG has been falling since November 5, when it reached $20.12. Currently, OMG is trading inside the $9.60 horizontal support area. According to analyst Valdrin Tahiri, it can be expected to start a jump.
  • Cryptocoin. com

    ALGO, whose analysis we shared on

    , has been falling in a symmetrical triangle since September 12. It broke out of the triangle on November 18 and the ATH level reached $2.94. The increase is thought to be a result of the Upbit exchange listing.

  • ZEC has been falling since November 11, when it reached $220. This dropped to $141 on November 18 (green icon). If the bounce continues, the nearest level of resistance will be $177.
  • FTM has been falling in a descending wedge since Nov. If a breakout occurs, the nearest area of ​​resistance will be at $2.45. A move above this can trigger an acceleration of the upward move.

SUSHI, NEAR, KSM are on the top losing altcoin list this week

  • SUSHI has been falling with a descending resistance line since March 12. Similar to OMG, although there are no signs of a bullish reversal, this area is likely to initiate a bounce.
  • NEAR has been falling since October 26, when it reached its ATH price of $13.22. However, the $10.20 area, which was supposed to act as support, failed to do so. It is currently trying to find support above $8.
  • KSM has been rising alongside an ascending support line since July 20. This led to a new high of $519.1 on Nov. The next support area is the $287, 0.618 Fib retracement support level.

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