The LRC has been falling since reaching its all-time high on November 10. So far it is down 75%. On January 21, it broke the $1.10 support area, which was trading above the early November.

The next nearest support area is $0.62. If it reaches this, it will amount to a drop of 83.50 percent.

Sand
Similar to the LRC, the SAND has been declining since reaching an all-time high on November 25. It is possible that the decline has taken the form of a descending parallel channel.

It is currently trading at $3.60 just below the $0.618 Fibonacci retracement support level. If it breaks below this area, the next support will be at $2.26, the 0.786 Fibonacci retracement support level, and a horizontal support area.

This area will also coincide with the support line of the channel.

PCI
The ICP has been falling since September 6. On December 20, it hit an all-time low of $20.88. There was a break above the $28.50 horizontal support area.

However, the coin quickly reclaimed the area and rose all the way to $38.02.

Despite the rise, the upward movement could not continue as ICP once again fell below the $28 level. Until this level is corrected, the trend cannot be considered bullish.

close
The NEAR has been declining since January 14, when it hit an all-time high of $20.6. So far, the coin is down 30.65%, hitting a January 21 low of $13.77.

There is strong support at $13.30, which is formed by both a horizontal support area and an ascending support line. Therefore, it is possible for this sector to start a bounce.

Contact
Leaving aside the July 10 (red circle) divergence, LINK has been trading above the $16.50 horizontal zone since May.

Most recently, this area was the catalyst for a significant rally on December 4 (green icon), leading to a January 11 high of $28.71.

However, LINK has since been declining and is again approaching the $16.50 area. A breakdown below could trigger a steep decline.

Doge
Since April 16, DOGE has been trading above the $0.166 horizontal support area. However, the coin went down after 265 days, especially on January 6.

Although it reversed later, it failed to move higher and is now back below the $0.166 area.

Whether the coin reclaims this zone or is rejected from it will determine the direction of the future trend.

land
SOL has been declining since reaching an all-time high of $259 on November 6. So far, it has come down by 53%.

On 8 December, it broke an ascending support line (red sign) and its rate of decline accelerated.

Currently, it is trading above the $0.618 Fibonacci retracement support at $111. Since there is no support below this area until $74, it is important that SOL manages to stay above the current support.

All information contained on our website is published in good faith and for general information purposes only. Any action taken by readers on information found on our website is strictly at their own risk.

Leave a Reply

Your email address will not be published.