These Three Altcoins Could Crash Soon | Credit: Veronica Cestari
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Key Takeaways
Pump.fun (PUMP) broke down from an ascending parallel channel.
Injective (INJ) broke down from an ascending support trend line.
SPX6900 (SPX) has completed a five-wave upward movement.
The crypto market has been on a downward spiral, racking up losses and liquidations since early last week.
Bitcoin (BTC) is sliding too, but its dominance is climbing—a clear sign that altcoins are taking an even bigger hit.
Here’s a look at the altcoins that are most at risk, the ones that could face the sharpest declines if the sell-off deepens.
PUMP Crashes
The first altcoin showing serious weakness in the ongoing market downturn is PUMP, which has already broken down from its ascending parallel channel.
Its rebound since July 24 was shaky to begin with, as the move unfolded inside a bearish corrective pattern.
The breakdown from support yesterday, followed by today’s drop, confirms that PUMP has entered a renewed bearish trend.
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The Relative Strength Index (RSI) supports this outlook, falling below 50 and pointing lower—a clear sign of bearish momentum.
The nearest horizontal support sits at $0.0023, and if that level fails, PUMP could plunge toward a new all-time low near $0.0017.
INJ Price Breakdown
The next altcoin at risk of a crash is Injective (INJ), which has fallen since a rejection at the $16.50 horizontal resistance area (red icon) on Aug. 17.
Today, the INJ broke down from an ascending support trend line, confirming that the downward movement has started.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
