The start of the fresh week trade remains sluggish after experiencing a notable pullback during the weekend. Bitcoin price slashed below $94,000 and seems to be ready for a quick bounce, which may shake up the markets. As Bitcoin consolidated, the top 10 tokens like Ethereum, XRP, BinanceCoin, Cardano, etc., also followed a similar trend and remained glued below their respective resistance levels. Meanwhile, some altcoins display strength, indicating a notable shift in the market sentiment.
As Bitcoin began to consolidate, the top altcoins also followed the same trend; meanwhile, some of them worked hard to maintain a strong ascending trend. Core (CORE) price remained the top gainer with nearly 13% profits. With over 133 integrations, the CORE platform is swelling every day. The next is Walrus (WAL), which has surged by over 10% gains after being the top loser during the past weekend. Meanwhile, Flare (FLR), Pudgy Penguins (PENGU), & Fartcoin (FARTCOIN) attracted decent gains, followed by Bonk (BONK) & Sui (SUI).
The markets are experiencing a corrective phase, where the bears have begun to extract profits from the token that remained bullish in the past few days. With an over 8% plunge, Ethereum Name Service (ENS) price leads, followed by Sonic (prev. FTM S) and BitTorrent (BTT) with a 3% to 4% pullback. However, the loss remained restrictive between 2% and 3% with the other altcoins like Stacks (STX), Render (RNDR), Near Protocol (NEAR), Cardano (ADA) and Ethereum Classic (ETC). This suggests the overall market sentiment remains bullish, and hence, a strong rebound could be imminent.
Regardless of the profit and losses, the community sentiments are extremely bullish on Kaspa (KAS), Cardano (ADA), Pi (PI) and XRP (XRP). The investors foresee a strong ascending trend for these altcoins, probably when Bitcoin’s price displays some strength and revives a rise back above $96,000. Therefore, the crypto market prediction for today remains neutral, with the top token maintaining a range-bound consolidation, compelling the top altcoins to follow the trend, while some may thrive with decent gains.
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