Price Analysis

These Altcoins Might Crash Heavily In The Coming Week

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. 

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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. 

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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. 

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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.

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