Crypto Market Plummets — 3 Altcoins You Should Be Wary Of and the Reasons Why

Jakarta, Pintu News – The crypto market has been on a steep decline since early last week, with heavy losses and many liquidations.

Bitcoin (BTC) has also fallen, but its dominance has increased – suggesting that altcoins have been hit harder. Here are 3 altcoins; PUMP, INJ, and SPX, that could potentially experience the steepest declines if the sell-off deepens, according to CCN’s analysis.

PUMP Plummeted

The first altcoin to show serious weakness amid the current market downturn is Pump.fun (PUMP), which has already fallen through its ascending parallel channel pattern.

Read also: Altcoin Season to Happen in September 2025? Here’s Pantera Capital & Coinbase’s Analysis!

The rebound since July 24 actually looked fragile from the start, as the movement was formed in a bearish corrective pattern. Yesterday’s break of the support level, followed by today’s decline, confirms that PUMP has entered a new bearish trend.

In fact, since July PUMP has been moving down, and this latest drop signals that the trend is likely to sharpen.

The Relative Strength Index (RSI) indicator reinforces this view, as it dropped below the 50 mark and is pointing lower-a clear sign of bearish momentum. The nearest horizontal support is at $0.0023, and if this level fails to hold, PUMP could potentially plummet towards a new low around $0.0017.

INJ Price Drop

The next altcoin at risk of plummeting is Injective (INJ), which started to fall after being rejected at the $16.50 horizontal resistance area on August 17 (red icon).

As of August 19, INJ broke the rising support trend line, confirming the start of the bearish movement. Just like PUMP, INJ’s previous price rise was corrective, and this decline was reinforced by the RSI falling below the 50 level.

If the downtrend continues, INJ could potentially fall to the horizontal support area around $12.10.

SPX Plummets with Crypto Markets

The last altcoin at risk of plummeting with the crypto market is the SPX6900 (SPX) memecoin. Just like PUMP and INJ, SPX has also broken the rising support trend line and is now heading towards the horizontal support area.

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However, the SPX chart looks the most bearish due to its wave count pattern. The SPX has already completed a five-wave up move (green), which means its bullish cycle is likely over.

If this is the case, the SPX price will enter a long correction phase that could drag it down to $1. For SPX, the RSI and MACD indicators are both showing bearish signals-RSI is below 50 and MACD is negative.

Therefore, the SPX chart is the most bearish among these three altcoins and predicts the steepest decline.

Overall, the crypto market is under immense pressure, and altcoins are showing deeper weakness than Bitcoin. PUMP has already lost its main foothold. While INJ continues to slide through support as SPX prepares for its sharpest correction yet.

If the market downtrend continues, these three altcoins could potentially experience significant declines throughout August and possibly even into the rest of 2025.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Crypto Market Crashes – Stay Away From These Three Altcoins. Accessed on August 20, 2025