3 Altcoins That Can Dump Hard in the Short Term: Analyst

One of the cryptocurrencies that could be in huge trouble is HYPE. Instead of rebounding after Friday’s correction, the cryptocurrency market endured another wave of selling, dragging many popular altcoins into deep red territory. Hyperliquid (HYPE) and Ondo (ONDO) were not spared, and analyst Ali Martinez suggested they could slip even further soon. Quant (QNT) is among the few tokens posting some gains today (November 9), yet the X user believes it may also be gearing up for a collapse. Ready to Dump? According to Martinez, HYPE appears to be slipping below the rectangle structure where it has consolidated for the last two months. He claimed that $75 is the key battleground for bulls, as failure to recover that level could pave the way for a drop to $64 and even $53. Earlier this month, the analyst touched on HYPE again, saying a sustained 12-hour close below the $76-$78 range might be followed by a plunge to $59. The asset dropped far under that zone, currently trading around $72 (per CoinGecko). Martinez’s second token in focus was ONDO, arguing that it sits at “a critical point.” In his view, the cryptocurrency seems to be breaking below the rising channel that has guided its ...