As the bearish influence has led to a huge crash in the crypto market in the last 36 hours, the FUD sentiments are on the rise. The downfall leads to a full-fledged profit booking by many, which puts additional stress on weak altcoins.
With the broader market anticipation of a bullish comeback in the top coins, some altcoins could witness an extended downfall in the coming week. So, here’s a list of altcoins to trade carefully, as they might crash heavily next week.
HBAR Price Warns 200D EMA Breakdown
Amidst the falling market, the HBAR price trend shows a high momentum bearish trend in motion. The altcoin trades below the 50D EMA and tests the 200D EMA along with the long-term support trendline as it loses the $0.10 psychological support.
As the bullish confluence is under stress, the dynamic support at $0.094 might break shortly. Hence, the coming week in the HBAR price trend could be extremely bearish and drop to the $0.073 mark.
VET Price Warns Trendline Breakdown
With a declining support trendline in play, the downfall in the VET price puts additional pressure on the demand line. Further, the 200D and 50D EMA are on the verge of a bearish crossover.
With a 7.92% drop last night, the bearish engulfing candle undermines the previous sideways trend, teasing a negative trend. Further, the intraday drop of 2.03% in the altcoin warns of a bearish breakdown.
A crackdown below the trendline will plunge the altcoin price to the $0.026 support level.
ALGO
With a 6.20% drop last night, the Algorand price undermines the weekly recovery and warns of a $0.16 breakdown. Further, the merged 200 and 50-day EMA are signalling a death cross, cementing the bearish trend reversal.
Moreover, the resistance trendline at play, the bearish influence is extremely high in the daily chart. A breakdown under $0.16 will result in a massive downfall rally in Algorand. In such a case, the altcoin price could drop to the $0.10 mark.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed