Crypto Market Downtrend: Bitcoin, Pi Coin, HOOK, Jasmy Coin, Dogecoin Top Sell List

Despite a recent recovery, the cryptocurrency market continues to experience a downtrend, with high volatility and unpredictability. This situation necessitates smart trading decisions to prevent losses. Analysts predict that the volatility will persist unless significant bullish events occur. Therefore, the strategy should focus on buying at low prices and selling at low prices, while discarding altcoins that lack further potential or are moving towards losses. As a result, the top cryptocurrencies to sell this weekend include Bitcoin, Pi Coin, and other trending cryptocurrencies.

Bitcoin, the face of the crypto market, has seen its performance dictate the trajectory of other cryptocurrencies. The ongoing downtrend is due to the failure of the BTC price to overcome crucial resistance. The expiration of 22,000 Bitcoin options amid flat market conditions may induce volatility, leading to increased turbulence and further Bitcoin crashes. This makes Bitcoin a top choice to sell this weekend.

Pi Coin gained traction among investors due to its delayed launch, with initial massive rallies. However, the hype has died down, and the Pi Coin price has declined by more than 22%, leaving investors with significant losses. Analysts believe this could be the beginning of a prolonged downtrend as the token lacks utility and was booming with hype alone. Investors should consider selling Pi Coin after analyzing its performance.

Dogecoin is at a critical point, with its price retesting key support, which could lead to either an uptrend or downtrend in the bearish scenario. Despite high demand due to Elon Musk’s support, its failure to recover puts it in a difficult spot, especially as critics believe it is the end for meme coins. Dogecoin faces a 35% loss over the month, making it a risky investment.

Jasmy Coin was one of the most bullish cryptocurrencies in the 2021 bull run, but the trends have reversed since then. The token has lost nearly 100% of its value since the peak and lacks any upgrades and bullish factors to help with the recovery. With a prolonged downtrend and low demand among investors, the uptrend is less likely. As a result, investors can opt to sell Jasmy Coin this week.

Hooked Protocol has also faced a downtrend for a long time, losing nearly 100% of its value since its peak. Additionally, a major HOOK token unlock will take place in the next few days, creating the possibility of increased volatility and further declines. The Tokenomist report reveals that the Hooked Protocol team will unlock nearly 1.76% of its circulating supply, equivalent to 4.17M HOOK. This could shake its performance entirely, making it a risky investment.

For years, March has been a bullish month for Bitcoin price, but this year’s trajectory seems different. Although there are still days to witness a reversal, the ongoing conditions show uncertainty. Additionally, altcoins are on a similar trajectory, generating the need for careful trading practices. Due to poor performance and individual reasons, Bitcoin, Pi Coin, HOOK, Jasmy Coin, and Dogecoin are the top selections for the crypto-to-sell list this week. At the same time, investors can consider other trending altcoins to buy.