3 Altcoins That Can Dump Hard in the Short Term: Analyst

Instead of rebounding after Friday’s correction, the cryptocurrency market endured one other wave of promoting, dragging many standard altcoins into deep purple territory.

Hyperliquid (HYPE) and Ondo (ONDO) weren’t spared, and analyst Ali Martinez steered they might slip even additional quickly. Quant (QNT) is amongst the few tokens posting some positive aspects in the present day (November 9), but the X person believes it might even be gearing up for a collapse.

Ready to Dump?

According to Martinez, HYPE seems to be slipping under the rectangle construction the place it has consolidated for the final two months. He claimed that $75 is the key battleground for bulls, as failure to get well that degree may pave the manner for a drop to $64 and even $53.

Earlier this month, the analyst touched on HYPE once more, saying a sustained 12-hour shut under the $76-$78 vary may be adopted by a plunge to $59. The asset dropped far below that zone, at present buying and selling round $72 (per CoinGecko).

Martinez’s second token in focus was ONDO, arguing that it sits at “a vital level.” In his view, the cryptocurrency appears to be breaking under the rising channel that has guided its value since the begin of 2026.

“A sustained transfer under $0.35 would affirm the lack of assist and open the door to $0.26 and even $0.19 if promoting accelerates,” he predicted.

As of press time, ONDO is hovering round the depicted degree, down 11% on a weekly foundation and 30% over the previous month.

Last however not least, the analyst examined QNT, one in every of the few cryptocurrencies in inexperienced territory in the present day. It at present trades at $200, up 1% in the previous 24 hours. Martinez famous that QNT hasn’t damaged down but, however seems to be consolidating inside a symmetrical triangle.

“I’m ready for a four-hour shut under $190. That would affirm the bearish break I’m watching and put $160 as the subsequent goal for QNT,” he concluded.

Don’t Panic?

Bitcoin’s current situation, and that of most main altcoins, is undoubtedly regarding and will dampen hopes amongst crypto buyers and fanatics who’ve been ready for a bull run for a very long time.

X person Max Crypto, nonetheless, spotted a probably constructive sign amid the chaos. The analyst mentioned the whole market capitalization of all altcoins has began forming the identical construction that led to “big rallies” in 2021 and 2024.

“Just be affected person and don’t panic promote,” they suggested.

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