Analyst warns altcoin season may be over, sees further downside for HYPE, ONDO, QNT

Cryptocurrency analyst Ali Martinez warned that altcoin season may be over and said HYPE, ONDO and QNT could face further declines. In a post on X, Martinez said HYPE appears close to breaking below the sideways range it had maintained over the past two months, with a failure to reclaim $75 opening the way to $64 and then $53. Martinez added ONDO could fall to $0.26-$0.19 if support at $0.35 breaks, while QNT has not yet confirmed a bearish breakdown but could decline further to $160 if a four-hour candle closes under $190.