Bitcoin Flat, But Altcoin Winners Show Strong Momentum

The past week saw Bitcoin trading relatively flat, but several AI and DeFi-focused altcoins made significant moves. Uniswap (UNI) was one of the top performers, rising over 3% as it tested a key long-term resistance level around $4. Other notable gainers included ONDO and Solana.

However, not all altcoins fared well. Bittensor (TAO), IO.NET, and Celestia showed technical weakness according to Rekt Capital's analysis. The analyst highlighted downtrends in these tokens, with TAO down 0.3% over the past day.

Crypto analyst Michaël van de Poppe also weighed in on the market, noting pockets of strength in other areas of the altcoin market. He identified ONDO as a token that has had a 'tremendous move to the upside' and hit his target zone, which he called the start of an uptrend.

As for Bitcoin, its price was down over 1% during the past 24 hours, with retail sentiment shifting to neutral from bullish on Stocktwits.