Market Alert: Time to Exit These Altcoins Before It's Too Late!
As the crypto market struggles to regain the $2 trillion mark, many altcoins are teetering on the edge of key support levels. With uncertainty looming, investors are debating whether to secure profits now or risk further losses. Here are three altcoins facing significant bearish pressure and why it might be time to reconsider your positions:
Jasmycoin has been in a steady decline since June, with lower highs indicating increased selling pressure. Over the past month, JASMY has dropped over 20%, signaling potential trouble ahead. Despite a strong YTD return of +173.26%, the downtrend could lead to a further 37% drop, potentially hitting the $0.01150 support level.
$ONDO
Ondo is caught in a descending channel, reflecting long-term bearish sentiment. With a YTD return of +255.36%, recent losses of 20.56% have fueled concerns. Technical indicators like the SMA and RSI suggest continued downward momentum, with ONDO hovering near oversold territory.
Memecoins like Floki have been hit hard, with FLOKI losing 8.29% over the past month. Its YTD gains have dipped from +276.13% to +243.13%. Bearish indicators such as the RSI and SMA point to further downside risk. FLOKI could break below its support at $0.000101, with the possibility of a rebound pushing it to the $0.000155 resistance level.
Now might be the time to reassess your holdings in these altcoins as the market remains volatile. Stay vigilant, and always consider current trends before making any moves.
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