NEAR, Jupiter and Quant could be set for further downside as the cryptocurrency market continues to shed value, according to analyst Ali Charts in a post on X. The analyst outlined the key support levels that, if broken, could trigger deeper corrections across all three tokens — with each setup keyed to a completed four-hour candle close rather than a brief intraday move.

The broader market backdrop has added pressure: total crypto market capitalization has fallen roughly 8% in four days, dropping from $2.93 trillion to $2.69 trillion.

NEAR Faces Critical Test at $4.60

Ali Charts said NEAR remains inside its descending channel — a formation of lower highs and lower lows bounded by parallel trendlines — but is facing a decisive test at $4.60, where it has lost nearby support. A four-hour close below the channel's lower boundary could expose $4.20, followed by $3.70.

These targets remain conditional. NEAR has not yet confirmed the breakdown described by the analyst, though the broader market decline has increased selling pressure across cryptocurrencies.

Jupiter: $0.31 Is the Level to Watch

Jupiter is also showing weakening momentum after its rally toward $0.39. Ali Charts identified $0.31 as the key support level to monitor.

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 Could Drop 38% Below $225

Quant presents another downside scenario, according to Ali Charts. The analyst said QNT appears to be forming an inverse Adam and Eve pattern — a two-peak topping formation whose measured target is derived from its neckline — with the neckline near $225. A four-hour close below that level could confirm the breakdown.

The pattern points toward $140, approximately 38% below the neckline, as illustrated in the analyst's published chart.

Market Cap Excluding Top 10 Attempts a Recovery

Meanwhile, the total crypto market capitalization excluding the top 10 cryptocurrencies — a segment often tracked as a gauge of capital outside the largest assets — stood at $234.12 billion, rising 0.67% during the latest four-hour candle as buyers attempted a recovery.

That segment had climbed from approximately $198 billion on Sept. 16 to above $250 billion on Sept. 28. Resistance near $250 billion, however, triggered a reversal, with selling accelerating from Oct. 6. 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.

Momentum Indicators Remain Fragile

Technical momentum stays mixed. The Relative Strength Index reached 46.06, above its 36.31 average but still below the neutral 50 threshold. The MACD histogram turned positive at $363.2 million, while both MACD lines remained below zero — a mix sometimes read as tentative momentum improvement within a larger downtrend. 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.