The beginning of the new trading week started off slow after a significant pullback over the weekend. Bitcoin’s price dropped below $94,000, but it appears to be gearing up for a potential bounce that could shake up the markets. While Bitcoin was consolidating, other top 10 tokens such as Ethereum, XRP, BinanceCoin, and Cardano also remained below their respective resistance levels. However, there were some altcoins that showed strength, indicating a shift in market sentiment.
Top Gainers for the Day
While Bitcoin was consolidating, some altcoins were able to maintain a strong upward trend. The top gainer was Core (CORE), which saw a nearly 13% increase in price. With more than 133 integrations, the CORE platform continues to grow. Following closely behind was Walrus (WAL), which surged by over 10% after being the top loser over the weekend. Additionally, Flare (FLR), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) also saw decent gains, along with Bonk (BONK) and Sui (SUI).
Top Loser for the Day
As the markets entered a corrective phase, some tokens that had been bullish in recent days experienced a pullback. Ethereum Name Service (ENS) saw the biggest loss, dropping by over 8%. Sonic (previously FTM S) and BitTorrent (BTT) followed with 3% to 4% declines. However, other altcoins like Stacks (STX), Render (RNDR), Near Protocol (NEAR), Cardano (ADA), and Ethereum Classic (ETC) only saw losses between 2% and 3%. This suggests that overall market sentiment remains bullish, and a strong rebound could be on the horizon.
Community Sentiments
Despite the mixed performance in the market, community sentiment remains extremely bullish for Kaspa (KAS), Cardano (ADA), Pi (PI), and XRP (XRP). Investors are optimistic about a potential upward trend for these altcoins, especially if Bitcoin’s price shows strength and pushes back above $96,000. As a result, the crypto market prediction for today is neutral, with the top token maintaining a range-bound consolidation and influencing the performance of top altcoins, some of which may see significant gains.