Despite the rise in institutional interest, the markets remained drained during the previous weekend

With the bulls struggling to uplift the markets, the concerns over the longevity of their strength haunt, pointing towards a potential bull trap

Despite the rise in institutional interest, the markets remained drained during the previous weekend. The bulls are struggling to uplift the markets, and the concerns over the longevity of their strength haunt, pointing towards a potential bull trap.

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.

However, some altcoins display strength, indicating a notable shift in the market sentiment. Among the top gainers is Core (CORE) price, which is heating up the market with over 133 integrations. The CORE platform is swelling every day, and the investors are getting interested in this token.

Top Gainers for the Day

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.

Now if we move towards the altcoins that attracted decent gains, then Flare (FLR), Pudgy Penguins (PENGU), & Fartcoin (FARTCOIN) are displaying promising strength. Among these, Bonk (BONK) & Sui (SUI) also gained attention from the investors.

Top Loser for the Day

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.

Despite 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.