Analyst warns: âBuy these altcoins before itâs too late!â
Crypto analysis platform Coinpedia has given a danger signal for three altcoins in its analysis titled âBear market warningâ.
Altcoins are trying to hold on to important support levels in the cryptocurrency market that has fallen below $ 2 trillion.
#Jasmycoin (JASMY), which gained significant momentum at the beginning of the year, has been moving in a downtrend lately. JASMY lost nearly 20 percent in value last month
Coinpedia, which stated that investors holding
#JASMY have achieved a return of 173.26 percent since the beginning of the year, suggested that the profitability rate in question could create selling pressure
In the analysis titled âAltcoins to sell before itâs too lateâ, the following was said for JASMY: âThe technical indicator RSI continued to display a fixed flat line in the one-day time frame. In addition, the average trend line is recording an increase in the downward movement. This shows that there is weak buying pressure for the altcoin in the market. If the bears continue to dominate the market,
#JASMY could fall to the support level at $0.01150. This decline indicates a potential pullback of approximately 37 percent for the altcoinâ
Ondo (ONDO), which is gaining momentum in the real world assets (RWA) field, was listed on Coinpedia. It was claimed that ONDO, which cooperated with BlackRock and showed it among the potential cryptocurrencies, could not break out of the bear trend
âONDO formed a descending channel pattern on the daily time frame and has continued to trade within the channel since June. The data indicates a long-term bearish sentiment for the altcoin. It is worth remembering that
#ONDO has increased by 255.36 percent since the beginning of the yearâ
#Floki (
$FLOKI ), one of the most popular memecoins on the Ethereum blockchain, was listed on the âAltcoins to sell before it is too lateâ list. Coinpedia issued a warning that the popular memeocin is in a dangerous position