Algorand

<p>The post <a href="https://coinpedia.org/price-analysis/these-altcoins-might-crash-heavily-in-the-coming-week/" rel="noopener noreferrer nofollow">These Altcoins Might Crash Heavily In The Coming Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>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.</p>
<p>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.&nbsp;</p>
<h2 class="wp-block-heading" id="h-hbar-price-warns-200d-ema-breakdown">HBAR Price Warns 200D EMA Breakdown</h2>
<p>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.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfPmra6pKpFEWEL6biJwCB7y1mPDrKIZa8K0txyJ4X0l5QwJrTsBYPE_98BbDHMYmlaRwa36aGJ4FkYVFXOTtQ_ubQIWUadcYPatVMDXvBa1LyUt07ghTtDO3iVn5MhhMFIajoYhFZB_tA4Lzr1FupdwLp0?key=V9PCwC_1D7Fly7_VshGpQA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/LYBMunaf/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>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.&nbsp;</p>
<h2 class="wp-block-heading" id="h-vet-price-warns-trendline-breakdown-nbsp">VET Price Warns Trendline Breakdown&nbsp;</h2>
<p>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.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf48iIH_OcT8G5PyJgl05dSlrQ-HhcCLfB8e7Rh99SgUtXCXc6yDetT825fllO8Q2j28-q9k1-52zKlWa9RQYDWNBbTJZkMWjyrIC2bUJV3VJncMnIe7bohEgx0kyrvQ4UiS7vcNdsV7cdKiq4btdlAq2tP?key=V9PCwC_1D7Fly7_VshGpQA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/KsbttCPh/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>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.</p>
<p>A crackdown below the trendline will plunge the altcoin price to the $0.026 support level.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-algo">ALGO</h2>
<p>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.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXei_6E8xzHPCL2rVDfCgmtTblE4h0fHFr27adYGw_nazoyxiy_yPQSniAcZD11FqITfW2Z7QtrOnFWtZEy9jZasYVwUUNhYEYFxuQVpPEecGarnFHdxGzEcOPKR2bLEK_VmnRKBCy4kISin39uqS3BzBWw?key=V9PCwC_1D7Fly7_VshGpQA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/5DBc01Xa/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>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.</p>

These Altcoins Might Crash Heavily In The Coming Week

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