Cryptocurrency markets are experiencing a correction, and the impacts are being felt all the way up to altcoins. According to current predictions made by a top analyst and trader, Bitcoin is not the only asset potentially on a track to plunge lower. Bluntz has focused on three majors: Polygon (MATIC), Ethereum (ETH), and BAMB.

Polygon, a layer-2 scaling solution on the Ethereum blockchain, has just closed below an ascending channel, trend that should lead the asset to drop up to $0.40 - $0.50, over 54% from the current levels. For Ethereum, the trader has closed the underside bear flag and thinks that the bottom of this is going to fall out soon, with a possible target of below $1,700, a level about 7.5% lower than the momentary.

Finally, Binance Coin, the utility token of the Binance Smart Chain has been in a severe downtrend on its BTC pair, with a drop of slightly over a third since late last year.

Altcoins, it seems, are not immune to crypto markets momentum and could, in the case of MATIC, BNB, and ETH, head downwards significantly more than what is anticipated. This is typically expected during corrections, and investors should be prudent and assess opportunities with enough analysis. Although volatility is key for many traders, new long-term holders should also pay close attention to market's routes.



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