After another wave of selling on November 9, several altcoins declined, while Hyperliquid (HYPE) and Ondo (ONDO) could fall further, according to analyst Ali Martinez. HYPE is trading around $72 and below the $76 to $78 range; a sustained close below $75 could open the way to $64 and $53, or even $59. ONDO, down 11% over the past week and 30% over the past month, could lose the $0.35 support before targeting $0.26 or $0.19. Quant (QNT), up 1% over 24 hours and trading near $200, is consolidating inside a symmetrical triangle; a four-hour close below $190 would confirm a bearish breakdown and could put $160 next. Martinez also noted that the total market capitalization of altcoins is forming a structure similar to the one that preceded major rallies in 2021 and 2024.
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