Altcoin Market Sees Sharp Moves Amid Bitcoin's Stability

Bitcoin traded relatively flat over the past week, while several AI and DeFi-focused altcoins saw sharp moves. Uniswap was one of the week's best performers, rising over 3% and testing a key long-term resistance level around $4. According to Rekt Capital's altcoin newsletter, there was growing technical weakness across a handful of names this week.

Bittensor was forming a 'new multi-month downtrend', IO.NET 'lost its technical uptrend' after failing at a supply zone, and Celestia was stuck inside a symmetrical triangle with roughly 50/50 odds of breaking down. Analyst Michaël van de Poppe noted similar pockets of strength in other areas of the altcoin market.

Van de Poppe highlighted Ondo (ONDO), a token tied to real-world asset (RWA) tokenization, which had 'had a tremendous move to the upside' and hit his target zone. He called this the start of an uptrend, adding that 'a 5-15% correction would be nice.'

Meanwhile, on Solana (SOL), he said 'the path... continues to remain the same', expecting a bullish breakout in the coming weeks with his $120-$130 target still standing.