SingularityNET, Dash, Conflux, and Huobi Token Experience Double-Digit Losses

Cryptocurrency price prediction today Mar 10th: the crypto market witnessed aggressive selling in the last two days and is most likely associated with the Silicon Valley Banks’ stock crashing of around 60%. As a result, BTC and Ethereum showed a 6% intraday loss on March 9th, while many other altcoins experienced a severe downfall.

As of 7:35 am on Friday, the global cryptocurrency market capitalization has plunged below $921.13 Billion with an intraday loss of 7.3% since yesterday. Despite this, the total crypto market volume has shown a significant increase of 70% and is currently valued at $75.5 billion.

SingularityNET(AGIX)

Source- Tradingview

From the peak of $0.56, the SingularityNET coin witnessed a 47.6% loss within a fortnight. The long red candle in the daily time frame chart with increasing volume indicates the altcoin is experiencing sustained selling from traders,

Today, the AGIX price is down 10.4% and currently trades at $0.29. As for now, the coin sellers showcase another support breakdown of $0.294 which is also Fibonacci traditional pivot levels S2. A possible breakdown from the aforementioned support could lead the price to the next pivot level of S3 at 0.216.

Also Read: What Are Bitcoin Ordinals And How Do They Work?

Huobi Token(HT)

Source- Tradingview

On March 8th, the HT price gave a bearish breakdown from a five-month-long support trendline. This breakdown along with the Huobi price flash crash plunged the token to its current market value of $3.88

The Houbi coin has witnessed 20% in the last 24 hours and continues to hover above $0.38 support. If the coin buyers manage to sustain above this support, the price may trigger a temporary relief rally pullback.

Conflux(CFX)

Source- Tradingview

Amid the ongoing bloodbath in the crypto market, the Conflux coin prolonged its correction phase and plunged below the 0.618 Fibonacci retracement level. The CFX price currently trades at the $0.149 mark with an intraday loss of 10.3%.

This breakdown will further increase selling pressure in the market and tumble the conflux coin lower. With sustained selling, the coin holders can expect the next significant support at $0.1, suggesting a 32% potential downfall.

Dash(DASH)

Source- Tradingview

The Dash coin price has showcased consecutive losses for the past nine days, registering a 35.3% downfall. With steady growth in volume activity, the DASH price showcases a high momentum breakdown from the 0.618 FIB support.

By the press time, the altcoin was trading at $48.3 with an intraday loss of 11.6. If the daily candle closes below $46.7 support, the DASH price may plunge to $43.7, followed by $39.5.