Predicting which coin will crash next is challenging due to market volatility and various influencing factors. However, some coins have shown concerning trends:
- *Solana (SOL)*: Solana's price has plummeted over 14% in the past 24 hours, trading at $138.38. Factors contributing to this decline include massive sell-offs, whale movements, and liquidations. The impending $2 billion token unlock and negative market sentiment also weigh heavily on its price.
- *Dogecoin (DOGE)*: Dogecoin has dropped to $0.225 after a 7% decline. Analyst Ali Martinez warns that if Dogecoin loses a key support level, it could fall to $0.20. Open interest in Dogecoin has also decreased, indicating reduced confidence in its potential rebound.
- *XRP*: XRP's price risks a 41% plunge to $1.18 if a descending triangle pattern is confirmed. Decreasing open interest and negative funding rates further support the possibility of a deeper correction.
Other cryptocurrencies experiencing significant drops include ¹ ² ³:
- *Bitcoin (BTC)*: Down 2% to $115,557
- *Ethereum (ETH)*: Down 4.8% to $3,673
- *Cardano (ADA)* and *other altcoins*: Following similar downward trends
Market volatility, Federal Reserve decisions, and global liquidity conditions contribute to these declines. Always monitor market trends and adjust strategies accordingly ⁴.