These 3 altcoins could extend their downtrend in the coming days

Altcoins like Monero (XMR), Aster (ASTER), and Bonk (BONK) are facing the risk of an extended downtrend, as the entire cryptocurrency market stalls amid ongoing deadlock in peace negotiations between Ukraine and Russia.

Monero Under Pressure, at Risk of Testing the 200-Day EMA

Monero (XMR) is currently trading below the 50-day Exponential Moving Average (EMA) at $371, after an 8% drop on Sunday—marking its fourth consecutive daily decline. As of the latest update, XMR is inching up by 1% as bulls continue to defend the key $350 support zone.

However, if this level is breached, the downward momentum could extend toward the 200-day EMA around $319.

XMR/USDT daily chart | Source: TradingView Momentum indicators on the daily timeframe show a prevailing downtrend. The RSI is at 43 and has crossed below the neutral threshold, reflecting stronger selling pressure. Meanwhile, the MACD lines are hovering near zero and have maintained a sell signal since crossing over on Wednesday.

Conversely, if XMR can rebound above the 50-day EMA at $371, a recovery could target the key psychological level at $400.

Aster Continues to Plunge, Faces Risk of Setting a New Low

Aster is trading around $0.900 on Monday, after a 6% drop the previous day. This perpetual-focused exchange token is now at risk of losing the $0.882 support—the low set last week.

If ASTER closes below this level, the price could retest the all-time low of $0.817 formed on November 4. A deeper drop below this region could open up a new bottom-finding cycle.

ASTER/USDT 4-hour chart | Source: TradingView Technical indicators on the 4-hour chart reinforce a bearish scenario. The RSI is at 32, approaching oversold territory, while the MACD line continues to slope downward along with the signal line.

However, if Aster rebounds from the $0.882 area and breaks back above the key $1 psychological mark, a recovery trend could be triggered, with the first target at the local high of $1.086.

Bonk Under Pressure, Main Trend Points to Further Decline

Bonk continues to face selling pressure and is trading below $0.00001000 on Monday, still consolidating within the accumulation zone on the 4-hour chart. Currently, this meme coin is supported by the November 22 low at $0.00000844, while the closest resistance is at $0.00001034.

BONK/USDT 4-hour chart | Source: TradingView The most probable scenario at the moment is a retracement back to $0.00000844, as the 4-hour RSI sits at 42—still with room to fall before entering oversold territory. At the same time, the MACD and signal lines are moving sideways below zero, generating a rather neutral trading signal.

However, if BONK unexpectedly breaks out of the accumulation zone, the price could aim to test the 200-period EMA at $0.00001074, followed by the Pivot R3 at $0.00001160.

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