Experts warn: Altcoins are about to fall by 50–80%, Bitcoin faces a collapse of 45%

Today, the crypto market witnessed a decline of 4.3%, bringing the total market capitalization down to around 3 trillion dollars. Bitcoin, along with major altcoins like Ethereum, Solana, and XRP, recorded a decrease of 3-5%, while memecoins like DOGE and SHIB continue to show a strong bearish trend.

Warning from Crypto Capo

Renowned analyst Crypto Capo recently stated that although Bitcoin remains above $100,000, altcoins have fallen sharply and may continue to decline further. He predicts that if the market continues on this trajectory, altcoins could drop by 50-70%, and memecoins face the risk of a severe price drop of up to 80%.

Crypto Capo has pointed to two important support levels for Bitcoin: the first at $93,000 and the second at around $60,000-70,000. If Bitcoin breaks these levels, the decline could be up to 35-45%. In the event of a worst-case scenario, Ethereum may fall by 45-55%, falling in the range of $1,000-1,200. With other altcoins, the average decline can be up to 50-70%, while memecoins such as Dogecoin, Shiba Inu... can see a disastrous reduction of up to 80%.

He also shared a specific example of current memecoins, particularly FARTCOIN, predicting that this coin is at risk of falling 61% to the first support area around $0.38 and may drop 82% to $0.17 if there is no recovery. Other memecoins like RETARDIO are also facing the risk of collapse, with the chart showing weakness as it continuously fails to break through resistance levels.

FARTCOIN price chart 1 day | Source: TradingViewMeanwhile, the chart from Crypto Capo indicates that PEPE has formed a bearish head and shoulders pattern, forecasting a sharp decline of up to 70%. Other memecoins are no better off, showing clear signs of weakness, indicating instability and an inevitable downtrend.

PEPE price chart 1 day | Source: TradingView## Slow bleeding Altcoins

Altcoins continue to face severe downturns. Altcoin Sherpa, a well-known analyst in the crypto community, notes that coins that once experienced strong growth such as FARTCOIN, SPX, and HYPE are witnessing the most significant bearish trends. On the other hand, most other altcoins are in a state of "slow bleeding," with gradual price declines occurring without major liquidations or panic selling. This indicates that the market is experiencing weakness and no strong buying signals have emerged.

However, another analyst, Michaël van de Poppe, has a different perspective. He believes that altcoin has been moving sideways for the past three months, and these movements are simply a process of testing the market's lows. Van de Poppe believes that this period of calm is just the calm before the storm, and the biggest rally for altcoin is still ahead.

According to him, the current market is undergoing a necessary correction before it can rebound. However, he also notes that if Bitcoin begins to break important support levels, the market may witness a stronger bearish trend, leading to a weakening of altcoins and memecoins.

In summary, the crypto market is currently facing a volatile situation. Although Bitcoin remains valued above $100,000, experts warn that the decline may have only just begun. Altcoins and memecoins are showing signs of weakness, and the market has yet to demonstrate a strong recovery. However, some analysts still hope for growth in the future, although this may depend on the performance of Bitcoin and the overall market conditions.

Emma