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Altcoins Face Fresh Losses as Key Support Levels Give Way

Altcoins face further downside as Hyperliquid, Ondo, and Quant risk support breakdowns, while NEAR shows signs of nearing the end of its correction.

Altcoins Face Fresh Losses as Key Support Levels Give Way
  • Analyst warns Hyperliquid could fall to $64 or $53 below $75, while Ondo risks declines to $0.26 or $0.19.
  • Quant faces a potential breakdown below $190, with $160 identified as its next downside target.
  • TOTAL3 fell to $693.15 billion, below $700 billion, as bearish RSI and MACD readings signal continued market weakness.

Altcoin prices face further downside risks as Ali Charts flags bearish setups in Hyperliquid, Ondo, and Quant, while Michael van de Poppe sees NEAR’s correction nearing its end. The warnings come as the broader altcoin market capitalization falls below $700 billion, with TOTAL3 at $693.15 billion on the latest four-hour candle.

Ali Charts Flags Three Altcoins

Ali Charts said Hyperliquid, Ondo, and Quant could face further declines. Hyperliquid appears to be slipping below a rectangle where it consolidated for two months. The analyst identified $75 as the level to watch.

If Hyperliquid stays below $75, the decline could extend toward $64 or $53. Ondo also threatens to break below a rising channel that has guided its price since the year began. Ali Charts said a sustained move below $0.35 would confirm the breakdown.

That could expose Ondo to $0.26 or $0.19 if selling accelerates. Quant has not broken down, but remains inside a symmetrical triangle. Ali Charts is watching for a four-hour close below $190, with $160 as the next target.

Van de Poppe Sees NEAR Correction Nearing End

Michael van de Poppe offered a different view, saying several altcoins may be nearing the end of their corrections. He said NEAR may no longer offer the lower entry he had anticipated.

Van de Poppe pointed to prices above $5 as levels where investors might have wanted to accumulate NEAR.

TOTAL3 Remains Below $700 Billion

The TOTAL3 four-hour chart shows market capitalization at $693.15 billion, down $2.61 billion, or 0.38%, on the latest candle. It opened at $695.77 billion, reached $696.11 billion, and fell to $691.61 billion.

Altcoins Face Fresh Losses as Key Support Levels Give Way
Source: TradingView

TOTAL3 has formed lower highs and lower lows since reaching about $815 billion around October 11–12. It later fell below $780 billion, $760 billion, and $740 billion, then broke under $720 billion and $700 billion.

Support stands at $690 billion to $692 billion, with $680 billion below. Resistance sits at $700 billion to $705 billion, followed by $710 billion to $720 billion. The RSI is 29.59, below its 34.02 moving average. The MACD line is negative $7.2 billion, below the negative $7.12 billion signal line, while its histogram reads negative $79.26 million.