The crypto money market continues to be uncertain in the third week of March. Although a short -term recovery has been experienced after the Fed’s interest rate decision, the general trend is still downward. According to analysts, it may be more logical to dispose of some crypto assets in this process.
Bitcoin (BTC): Pre -option maturity pressure increases
Bitcoin’s price has been difficult to overcome $ 85,000 for a while. This also adversely affects the general market appearance. Moreover, approximately 22,000 BTC options will fill this weekend. This can cause sudden fluctuations and harsh decreases in the market.
Analysts, Bitcoin’s upward breaks as long as the pressure will continue. Sales pressure may increase especially for short -term investors. For this reason, BTC ranks first among the cryptos that need to be sold at the weekend.
Pi Coin and Dogecoin: Hype is over in these crypto currencies
Pi Coin has suffered a depreciation of up to 22 %in recent weeks. Although it rises rapidly with the excitement of its first exit, according to analysts, there is no solid usage area behind this rise. The current decline trend is expected to continue. Experts say it would make sense for investors to get out of this asset in order to avoid any more harm.
Dogecoin is likely to have a hard time. In the last 30 days, it has lost close to 35 %. Even the support of Elon Musk from time to time is not enough for the price to recover. The decrease in investor interest and the weakening of the overall breast coin trend makes Doge risky.
JASMY and HOOK: Difficult to recover again
Jasmy Coin, which shines like a star in the 2021 bull, has now declined almost 100 %from its summit. There is neither serious technical development nor investor interest. Therefore, Jasmy may remain in the fall trend.
HOOKED Protocol draws a similar painting. Moreover, 4.17 million HOOK lock will be opened in the coming days. This development can increase sales pressure. This puts Hook on the list of risky assets.
What should investors do when the crypto market is like this?
According to analysts, investors should stay away from cryptos such as Bitcoin, Pi Coin, Dogecoin, Jasmy and Hook this weekend. Instead, projects with rise potential such as Kekius Maximus or BUBB can be preferred.
The market is still unclear. Therefore, being careful when taking positions and acting quickly can reduce the damage of investors.
