Altcoin prices face renewed downside pressure after analyst Ali Charts flagged bearish technical setups in Hyperliquid, Ondo, and Quant, while the broader altcoin market capitalization slipped below the $700 billion mark.

The warnings come as TOTAL3, which tracks the combined market capitalization of cryptocurrencies excluding Bitcoin and Ethereum, printed $693.15 billion on its latest four-hour candle. Because the gauge strips out the market's two largest assets, it is widely used as a proxy for how the altcoin segment is holding up. Separately, analyst Michael van de Poppe struck a more constructive tone, saying NEAR's correction may be nearing its end — a split in tone that underscores how mixed the picture is across individual altcoins even as the aggregate gauge weakens.

Ali Charts Flags Three Altcoins

In a post shared on X, Ali Charts said Hyperliquid, Ondo, and Quant could face further declines.

Hyperliquid appears to be slipping below the rectangle pattern in which it consolidated for roughly two months. A rectangle is a chart formation in which price oscillates between parallel horizontal boundaries, and a break beneath its lower edge is traditionally treated as a bearish continuation signal. The analyst identified $75 as the key level to watch: if the token stays below $75, the decline could extend toward $64 or $53.

Ondo also threatens to break below the rising channel that has guided its price since the beginning of the year. An ascending channel is built from parallel upward-sloping trendlines, and a sustained close beneath its lower boundary would end the structure that has framed the token's advance. According to Ali Charts, a sustained move below $0.35 would confirm the breakdown, potentially exposing the token to declines toward $0.26 or $0.19 if selling accelerates.

Quant, by contrast, has not yet broken down but continues to trade inside a symmetrical triangle, a pattern of converging lower highs and higher lows that typically resolves with a decisive break in one direction. Ali Charts is watching for a four-hour close below $190, with $160 flagged as the next downside target — the break that would settle the setup.

Van de Poppe Sees NEAR Correction Nearing Its End

Michael van de Poppe offered a different assessment, saying several altcoins may be approaching the end of their corrections. He noted that NEAR may no longer offer the lower entry he had anticipated, pointing to prices above $5 as levels where investors might have wanted to accumulate the token.

TOTAL3 Remains Below $700 Billion

According to the TOTAL3 four-hour chart on TradingView, market capitalization stands at $693.15 billion, down $2.61 billion, or 0.38%, on the latest candle. The gauge opened at $695.77 billion, reached a high of $696.11 billion, and fell to $691.61 billion.

TOTAL3 has formed lower highs and lower lows since peaking at roughly $815 billion around October 11–12. It subsequently fell below $780 billion, $760 billion, and $740 billion, before breaking under $720 billion and $700 billion — a stepwise breakdown through each successive threshold.

Near-term support stands at $690 billion to $692 billion, with $680 billion below. Resistance sits at $700 billion to $705 billion, followed by $710 billion to $720 billion — the zone containing the round-number level the gauge recently lost.

Momentum indicators point to continued weakness. The relative strength index (RSI) reads 29.59, below its 34.02 moving average and inside the sub-30 zone conventionally labeled oversold, while the MACD line sits at negative $7.2 billion, under the negative $7.12 billion signal line — a configuration read as bearish momentum. The histogram reads negative $79.26 million.