Renowned crypto analyst Ali Martinez has pointed out concerning technical signals suggesting potential declines for three notable altcoins: Near Protocol (NEAR), Zcash (ZEC), and BNB. According to his analysis, these signals have previously been precursors to significant price drops.<\/p>\n
Martinez identified a sell signal on the weekly chart for NEAR using the TD Sequential indicator. Historical data shows that a similar signal previously triggered a sharp 32% decrease in NEAR’s price. Currently, the altcoin is down about 24% from recent highs and is testing a crucial support level at $4.30. A breakdown below this threshold could lead to further declines, potentially dropping to $3.76.<\/p>\n
For Zcash, Martinez referenced a different technical indicator that indicates troubling signs. The Parabolic SAR has recently crossed above the price, a movement that typically denotes a downward trend. Historically, a similar instance has led to a notable 54% correction in ZEC’s price. With ZEC already experiencing a 25% decline, the analyst warned that losing the support level at $1,100 might see prices plummet to around $850.<\/p>\n
Martinez’s concerns extend to BNB as well, where the SuperTrend indicator has flipped to a sell signal on the daily chart. This shift is reminiscent of earlier signals that caused a 26% drop in price. Currently, BNB has decreased by 8%, and the analyst notes that if the $710 support level fails, the next target could be $680.<\/p>\n
Investors are advised to proceed with caution as these technical indicators raise alarms across the altcoin market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Technical Analyst Highlights Sell Signals for Three Altcoins Renowned crypto analyst Ali Martinez has pointed out concerning technical signals suggesting potential declines for three notable altcoins: Near Protocol (NEAR), Zcash (ZEC), and BNB. According to his analysis, these signals have previously been precursors to significant price drops. Near Protocol (NEAR) Martinez identified a sell signal […]<\/p>\n","protected":false},"author":14,"featured_media":60506,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Analyst Issues Sell Signal for 3 Altcoins and Key Levels - Bitrabo","description":"Technical Analyst Highlights Sell Signals for Three Altcoins Renowned crypto analyst Ali Martinez has pointed out concerning technical signals suggesting potent"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[316],"tags":[508,788,808,1144,2749,1209,1361,2344],"class_list":["post-60505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-altcoins","tag-analyst","tag-issues","tag-levels","tag-renowned","tag-sell","tag-signal","tag-watch"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=60505"}],"version-history":[{"count":1,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60505\/revisions"}],"predecessor-version":[{"id":60507,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60505\/revisions\/60507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/60506"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=60505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=60505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=60505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}