4 Altcoins to Sell As Crypto Market Crash Triggers $1.4B in Liquidations

The crypto market is bearish today, with Bitcoin and most altcoins falling to multi-month lows. This crash has wiped out more than $1.4 billion in open positions, with traders now wondering whether now may be the right time to sell. In this article, we look into 4 altcoins to sell amid the ongoing turmoil.

Crypto Market Crash Triggers $1.4B in Liquidations

Data from Coinglass shows that in the last 24 hours, more than $1.4M open positions across the crypto market were liquidated. $1.22M of the liquidated positions were from long traders. Bitcoin recorded the highest liquidations, with $483M positions being wiped out. Ethereum and Solana also posted the highest liquidations among altcoins of $422M and $74M, respectively.

The liquidations across the market affected more than 464,000 traders, with the single-largest liquidation order happening on Binance where a $7M position on Bitcoin was forcefully closed.

Crypto Liquidations

The surging liquidations and the crypto market crash come as President Trump shows no signs of easing US tariffs despite analysts raising their recession odds. At the same time, the US stock market is bracing for yet another decline with Reuters stating that the index is about to confirm a bear market.

Amid the ongoing trader concerns, below are four altcoins to sell to mitigate losses.

4 Altcoins to Sell Today to Minimize Losses

The top 4 altcoins to sell today to minimize losses are Ripple (XRP), Solana (SOL), Dogecoin (DOGE), and Pi Network (PI). These tokens have a bearish technical outlook that may lead to further dips.

Ripple (XRP)

One of the top altcoins to sell on Black Monday is XRP. XRP price has recorded a steep decline of 13% in the last 24 hours and trades at $1.80 at press time. Following this dip, Ripple has dropped below a crucial support zone, making it more likely that the downtrend may extend to the $1 level.

On the daily price chart, XRP was on the verge of a bearish crossover between the 50-day SMA and the 150-day SMA. The RSI has also plunged to 31 to indicate oversold conditions. This scenario suggests that XRP is headed for further dips.

XRP/USDT: 1-day Chart

Solana (SOL)

Solana is also one of the top altcoins to sell as bearish trends prevail in the broader market. Last week, institutions rapidly sold Solana, with the latest data from CoinShares showing that SOL products had the third-highest outflows among altcoins.

Popular analyst Ali Charts noted that Solana is facing a steep decline to $60 after a bearish breakout. Additionally, a recent Coingape article highlighted several reasons why SOL may crash below $90 this week. These factors make Solana one of the top altcoins to sell.

Solana Price Chart

Dogecoin (DOGE)

Dogecoin has recorded one of the biggest declines of 13% in the last 24 hours. The meme coin has been battered by the extreme fear sentiment across the crypto market, which has led to traders fleeing from speculative meme coins.

The one-day chart shows a bearish Dogecoin price prediction. DOGE has lost support at $0.14, and if selling activity remains strong, it risks falling to $0.09. The RSI is tipping south and has fallen to 32, further highlighting a strong bearish outlook.

DOGE/USDT: 1-day Chart

Pi Network (PI)

Pi Network price today trades at $0.56 with a 10% decline in 24 hours. This altcoin has been under intense bearish pressure, having plunged by over 80% from its all-time highs. One of the main reasons why Pi Coin is one of the top altcoins to sell is a bearish descending triangle pattern on its hourly chart. This signals that further dips lie ahead. The MACD indicator further shows that the momentum is bearish.

PI/USDT: 1-hour Chart

Summary of Top Altcoins to Sell

The ongoing turmoil in the crypto market has caused more than $1.4 billion in liquidations. As traders count losses, the top altcoins to sell include XRP, Solana, Dogecoin, and Pi Network. These tokens have a bearish outlook on their price charts.

The post 4 Altcoins to Sell As Crypto Market Crash Triggers $1.4B in Liquidations appeared first on CoinGape.

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