4 Recommended Cryptos to Sell If Japan Rejects US Tariff Demands!
The crypto market moved positively on April 21, with Bitcoin prices reaching a three-week high above $87,000, driving price increases in major altcoins.
Pi Network (PI)
Pi Network has become one of the major altcoins recommended for sale. Aside from its negative technical outlook, the lack of positive catalysts reinforces the potential for further declines.
Additionally, the ongoing unlocking process of PI tokens indicates that selling pressure will continue to rise, even as the Pi Network team attempts to buy back the unlocked tokens.
Polygon (POL)
Another altcoin recommended for sale is Polygon (POL). Analyst Andrew Griffiths predicts a bearish outlook for Polygon's price, warning that POL is now approaching key resistance levels around the 200-day EMA.
Official Trump (TRUMP)
The next altcoin is TRUMP, one of the meme coins associated with the US President. Data from Coinglass shows that the funding rate for TRUMP has turned negative, a sign that many traders are starting to take short positions and bet that TRUMP's price will drop sharply.
Mantra (OM)
After a recent major crash, Mantra (OM) has lost the confidence of many investors. Although the development team has tried to regain market trust by burning the tokens they hold, the price of OM remains weak.