This is my opinion but overall cryptocurrency is overpriced and if you look at the chart there are alt coins that has made gains more than 1,000%. 

And every market has it's cycle which means there is a big possibility that all crypto will go into a bear trend (could be a couple of months) and go into accumulation cycle.

I don't think we can just deny that fact that most crypto is a bubble and the ones that got hurt are the ones that are greedy. And if you combine this will the FUD, the media and the government. 

I wouldn't be surprise if for example bitcoin is have a rally to the resistance only to breakdown lower which is simply lower lows and lower highs for a couple of months.