Jakarta, Pintu News – The last month of 2025 has finally arrived. In contrast to the market’s initial optimistic expectations, fear is now creeping back in, and spreading faster than many traders expected.
Over the past few weeks, many altcoins have failed to sustain any price rally. Each new correction only reinforces the belief that the worst phase may not be over yet.
According to a report from CCN, December 2025 could be the month that exposes the weaknesses that many crypto projects have been trying to cover up. Among the projects most vulnerable to a deeper drop towards a new all-time low (ATL) are: Aptos (APT), Ethena (ENA), and Worldcoin (WLD).
Here’s the reasoning behind their vulnerability, and what the future might hold for the three altcoins.
APT, the native token of the Aptos layer-1 blockchain, has had a very rough year. Over the past eleven months, the price of APT has plummeted by 78.94%, signaling a sharp and prolonged decline. Currently, APT is trading around the price of $1.89.
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According to a report from CCN, this sharp decline is mainly due to the lack of market demand. This puts APT as one of the altcoins that could potentially hit an all-time low.
In addition, the frequent unlocking of tokens on the Aptos network has added to the selling pressure in the market, making it more difficult for prices to stabilize.
Technically, the daily chart shows a consistent pattern of lower highs-a clear sign of continued bearish momentum. The Supertrend indicator also shows a red line above the price, reinforcing the signal that the main trend is still down.

If this condition persists, APT is at risk of breaking the important support level of $1.82. If the breakdown occurs, APT prices could potentially continue to fall below $1.50, especially since the Chaikin Money Flow (CMF) indicator is below zero, signaling capital outflow.
However, there is still a chance for a change in direction. In the event of increased buying pressure, APT prices could break out of this bearish structure and potentially rebound to the $2.72 level. In a more aggressive bullish scenario, with consistent demand support, the price could even jump up to $3.28.
At the time of writing, Ethena (ENA) is trading at around $0.24, placing it among the altcoins at risk of printing an all-time low. Since the beginning of 2025, the price of ENA has fallen by around 75%, indicating the magnitude of selling pressure and significant downside.
Similar to Aptos, ENA’s daily chart shows movement within a descending channel pattern – a technical structure that reflects the bearish trend that still dominates. Additional pressure comes from the formation of a death cross pattern, which is when the 20 EMA (blue line) cuts below the 50 EMA (yellow line). This is a bearish technical signal that accelerates the rate of price decline.

Under these conditions, ENA is unlikely to make a significant recovery in the near future. If the selling pressure continues, the price of ENA could drop deeper towards $0.14, which is the lower support zone that aligns with the trend in the current channel.
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However, if there is a change in market sentiment and buyers come back in strongly, this bearish structure could be broken. In that scenario, ENA could potentially rebound to the $0.31 range.
Worldcoin (WLD) is one altcoin that is also at risk of printing an all-time low.
Back in October, WLD briefly formed a bull flag pattern on the daily chart-a technical formation that usually signals a potential continuation of the uptrend. However, this formation turned into a fakeout, as the price turned sharply lower instead of breaking upwards.
As a result, in the past 90 days, the price of WLD has fallen by 34.45%. This decline accelerated after WLD broke the crucial support level of $1.26, which simultaneously changed the market structure to favor the sell-side.

The Chaikin Money Flow (CMF) indicator is also still showing a downtrend and remains below the zero line, signaling continued capital outflows and weak buying pressure. If the CMF condition does not improve, then the price of WLD will most likely continue to weaken, with a potential drop to the next support level at $0.27.
Even so, there is still a possibility of recovery. If demand for WLD increases significantly, then this bearish outlook could be invalidated. In such an optimistic scenario, the price of WLD could potentially rebound and climb back to the $1 range, especially if trading volumes strengthen and buyers manage to take control of the 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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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