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Consistency (ONE) Decreases After $100 Million Hack: Biggest Weekly Losers

Be[In] Crypto has a look at the 5 cryptocurrencies that reduced the most from June 17 to 24, consisting of Harmony (ONE), which reduced after news of a $100 million make use of from their bridge.

These cryptocurrencies are:

  1. Voyager Token (VGX): -1792%
  2. Bancor (BNT):– 11.69%
  3. UMA (UMA):– 5.37%
  4. Harmony (ONE): -3.67%
  5. Kucoin Token (KCS): -1.72%

VGX

VGX has actually been falling because reaching a high of $1.37 on June 1. The down motion has actually up until now caused a low of $0.40 on June24

In the duration given that June 13, the RSI has actually created bullish divergence (green line). If the divergence is the driver for an upward motion, the closest resistance location would be at $0.61

Voyager downward movemnet
VGX/USD Chart By TradingView

BNT

BNT has actually been falling inside a coming down parallel channel considering that Nov.2021 The down motion has actually up until now caused a low of $0.43, which has actually been made in the center part of the channel.

While the everyday RSI is oversold, there are no bullish turnaround indications in location.

If the down motion continues, the closest assistance location would be at $0.10, produced by the middle of the channel.

BNT Channel
BNT/USD Chart By TradingView

UMA

UMA has actually been falling beneath a coming down resistance line considering that the start of March. The down motion resulted in a low of $1.85 on June14

In the duration in between May and June 14, the rate developed a double bottom, which is thought about a bullish pattern. Furthermore, the pattern was integrated with a bullish divergence in the RSI, increasing its authenticity. The RSI had actually formerly broken out from a coming down resistance line.

If the pattern gets verified and results in a breakout, UMA might increase all the method to $6.22 This is the 0.382 Fib retracement resistance level when determining the whole down motion.

UMA Descending resistance
UMA/USDT Chart By TradingView

ONE

ONE has actually been reducing considering that breaking down from a coming down parallel channel in the start of May (red icon). The reduction has actually up until now caused a low of $0.022 on June18

While there is a bullish divergence establishing in the everyday RSI, the cost is not trading near to any essential assistance levels, decreasing the possibility of a bullish turnaround.

ONE Channel
ONE/USDT Chart By TradingView

KCS

KCS has actually been reducing inside a coming down parallel channel considering that Dec.2021 Such channels generally include restorative patterns, suggesting that a breakout from it would be anticipated.

On May 12, the rate reached the assistance line of the channel and bounced (green icon). Later, it went back to this exact same level on June 14, producing a double bottom pattern.

Similar to UMA, the pattern was integrated with a bullish divergence in the RSI (green line).

A motion above the middle of the channel would show that an ultimate breakout is most likely.

KCS Channel
KCS/USDT Chart By TradingView

For Be[in] Crypto’s most current bitcoin ( BTC) analysis, click on this link.

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All the details included on our site is released in excellent faith and for basic info functions just. Any action the reader takes upon the info discovered on our site is strictly at their own threat.

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