The post Altcoins To Sell Before It’s Too Late! appeared on BitcoinEthereumNews.com.

As the cryptocurrency market fails to reclaim the $2 Trillion mark, top tokens continue trading below their important support levels. While mid-cap and low-cap altcoins have gained momentum, major altcoins fear a massive drop with a potential bear market in the coming time. With the ongoing market condition, investors are concerned about their future investments. Further, many are considering if this is the right time to book profits and wait for the market to stabilize. Scroll down, to uncover the top 3 altcoins that have a high potential of experiencing a significant downtrend in their respective portfolios if the bearish sentiment intensifies! Jasmycoin (JASMY): Amid uncertainty in the crypto market, the Jasmy price has constantly formed lower highs since June. Moreover, it has lost over 20% within the past month. This indicates a rising bearish influence. With a YTD return of +173.26%, investors consider this to be a safe exit for their investments. TradingView: JASMY/USDT The technical indicator RSI has continued displaying a constant flatline in the 1D time frame. Further, its average trendline records an increase in the bearish action. This suggests a weak buying pressure for the altcoin in the market. If the bears continue to dominate the market, the Jasmycoin might plunge toward its lower support level of $0.01150. This suggests a potential drop of approximately 37% for this altcoin. Notably, a bullish surge could push the price toward its high of $0.02450. Ondo (ONDO): The Ondo price has formed a descending channel pattern in the 1D time frame and has continued trading within it since June. this indicates a long-term bearish sentiment for the altcoin in the crypto space. Notably, with a YTD return of +255.36%, it has booked a loss of 20.56% over the past month. TradingView: ONDO/USDT The Simple Moving Average (SMA) constantly acts…

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Filed under: News - @ September 6, 2024 10:26 pm