source avatarPi Network Saigon

Share

FAMOUS ANALYST ISSUES WARNING ON ALTCOINS! “ALTCOIN SEASON IS OVER, THREE ALTCOINS AT RISK OF COLLAPSE!” The analyst claims that altcoin season has ended, and three altcoins—Hyperliquid (HYPE), ONDO, and Quant (QNT)—are under threat. Bitcoin, the leading cryptocurrency, opened the new week lower ahead of key U.S. economic data, falling below $74,000. Other major altcoins also suffered heavy losses during this downturn: Ethereum dropped 5% in the past 24 hours to around $2,120, XRP fell 6.5% to $1.08, and Solana declined 3.2% to $86. This situation has sparked concerns about further market declines, with renowned analyst Ali Martinez stating in a post on his X account that the altcoin market faces heightened risk of losses. Altcoin Season Is Over! The analyst opened his post with the statement, “Altcoin season is over,” asserting that three altcoins—Hyperliquid (HYPE), ONDO, and Quant (QNT)—are in danger. The analyst noted that the prices of HYPE, ONDO, and QNT are approaching critical support levels, and a breakdown below these levels could accelerate the downward momentum. What are the Critical Levels for HYPE, ONDO, and QNT? According to the analyst’s assessment, HYPE risks falling below the sideways trading range it has maintained for the past two months. At this point, the analyst predicts that if HYPE fails to reclaim $75, the price could drop to $64, and if selling pressure persists, it may fall further to $53. Regarding ONDO, the asset is showing signs of breaking below the lower boundary of the uptrend channel it has held since the beginning of the year. The analyst warns that if weakness continues below $0.35, it will confirm a breakdown of this support level and open the door to further declines, potentially reaching $0.26 or even $0.19. Finally, the analyst notes that although QNT has not yet fallen below its key support level, it is currently trapped in a symmetrical triangle pattern. At this stage, the analyst suggests that a four-hour candle closing below $190 could confirm a bearish breakout. In such a scenario, the next price target could be $160. The analyst added that all three altcoins have tested key support levels, and their failure to hold these levels could trigger further declines across the altcoin market. By Elif Azra Güven

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.