Hyperliquid (HYPE), Ondo (ONDO), and Quant (QNT) are drawing attention from analyst Ali Martinez, who outlined technical setups that he says could lead to further declines in the short term.
HYPE tests key support
Martinez said HYPE appears to be slipping below a rectangle structure where it had consolidated for the past two months. He identified $75 as a key battleground for bulls, warning that failure to recover that level could open the way for a drop to $64 and then $53.
Earlier this month, the analyst said a sustained 12-hour close below the $76–$78 range might be followed by a plunge to $59. The asset dropped well below that zone and was trading around $72 at the time of the report, according to CoinGecko data.
ONDO at a critical point
Martinez described ONDO as sitting at a critical point, noting that it appears to be breaking below the rising channel that has guided its price since the start of 2026.
He said a sustained move below $0.35 would confirm the loss of support and open the door to $0.26, or even $0.19 if selling accelerates. At the time of writing, ONDO was hovering around that level, down 11% on a weekly basis and 30% over the past month.
QNT consolidates in a symmetrical triangle
QNT was among the few cryptocurrencies in green territory on November 9, trading at $200 with a 1% gain over the past 24 hours. Martinez noted that QNT has not broken down yet but appears to be consolidating inside a symmetrical triangle.
He said he is waiting for a four-hour close below $190, which would confirm the bearish break he is watching and put $160 as the next target for QNT.
A contrasting view
Amid the broader market weakness, X user Max Crypto pointed to a potentially positive signal. The analyst said the total market capitalization of all altcoins has started forming the same structure that led to huge rallies in 2021 and 2024.
They advised investors to be patient and avoid panic selling.
