NEAR risks falling to $4.20 and $3.70 if it breaks below its descending channel after losing support near $4.60. Jupiter faces downside targets of $0.28 and $0.25 if JUP closes below $0.31 on
NEAR, Jupiter and Quant could face further losses as the crypto market sheds value, according to analyst Ali Charts. The analyst identified key support levels that could trigger deeper corrections across all three tokens. Meanwhile, the broader crypto market has lost roughly 8% in four days, falling from $2.93 trillion to $2.69 trillion.
Ali Charts said NEAR remains inside its descending channel but faces a critical test at $4.60. A four-hour close below the channel’s lower boundary could expose $4.20, followed by $3.70. The broader market decline has increased pressure on cryptocurrencies.
However, NEAR has not yet confirmed the breakdown described by the analyst. Jupiter also faces weakening momentum after its rally toward $0.39. Ali Charts identified $0.31 as the key support level to watch.
A four-hour close below $0.31 could extend JUP’s correction toward $0.28 or $0.25. Those levels represent the analyst’s downside targets if selling continues.
Quant presents another downside risk, according to Ali Charts. The analyst said QNT appears to be forming an inverse Adam and Eve pattern, with its neckline near $225. A four-hour close below that level could confirm the breakdown.
The pattern points toward $140, approximately 38% below the neckline. Meanwhile, the total crypto market capitalization excluding the top 10 cryptocurrencies stood at $234.12 billion. It rose 0.67% during the latest four-hour candle as buyers attempted a recovery.
The market capitalization climbed from approximately $198 billion on Sept. 16 to above $250 billion on Sept. 28. However, resistance near $250 billion triggered a reversal, with selling accelerating from Oct. 6.
Source: TradingView
The decline pushed capitalization below $240 billion and briefly toward 222 billion–225 billion. Current resistance sits around 235 billion–240 billion, while support lies near $225 billion and $220 billion.
The Relative Strength Index reached 46.06, above its 36.31 average but below the neutral 50 threshold. The MACD histogram turned positive at $363.2 million, while both MACD lines remained below zero.
Trading volume stood at $13.64 billion. A recovery above $240 billion could reopen the path toward 245 billion–250 billion, while renewed selling could expose $220 billion.
