DOT, AVAX, NEAR And SOL at Risk of Falling by Another 50%

The entire crypto market has experienced further losses in the last 24 hours. This is according to the crypto market tracker, CoinMarketCap.

As seen from the picture above, the top 10 cryptos by market cap all experienced a loss in the last 24 hours. Some of the biggest losers in the top 10 list include Solana (SOL) at number 9 with a 13.43% drop in price, and number 2 on the list, Ethereum (ETH), also with a double-digit loss of 10.07%.

Four altcoins to keep an eye on are DOT, AVAX, SOL, and NEAR. According to one crypto Twitter user, @AltcoinSherpa, these 4 altcoins will fall by 50% from current levels if Bitcoin (BTC) “makes another leg down”.

The Twitter user said “I still think we see a short bounce before then but these demand areas getting tested a lot rn.” The demand areas that @AltcoinSherpa is referring to are around $9.72 for DOT/USDT, $6 for NEAR/USDT, $46.32 for SOL/USDT, and $25.82 for AVAX/USDT.

Looking at the performance of these altcoins, AVAX has fallen 15+% in the last 24 hours and is 27.16% down over the last 7 days. NEAR is also down by double digits in the last 24 hours and over the last 7 days. DOT is no different, also experiencing double digit losses over both timeframes.

Lastly, as you may recall, SOL is the biggest loser on the top 10 list after it posted a 24-hour loss of 13.43% and a weekly loss of 22.56%.