Bitcoin price is showing signs of cooling after its recent short-term pump. BTC Price is now moving sideways within a wider consolidation range. The pullback came after the asset reached overbought levels on lower time frames and cleared nearby liquidity.
The weekly trend still shows bearish divergence. This means the broader multi-month downtrend may not be fully over. In the near term, momentum has weakened, though it has not turned clearly bearish yet.
Major altcoins such as Ethereum, XRP, Solana, and Chainlink are showing a similar market pattern as broader uncertainty continues. Overall, altcoins are delivering mixed performance, with only select tokens posting gains.
NEAR Protocol recently recorded a solid upside move after earlier weakness, while Aptos surged roughly 30% in recent sessions, attracting trader attention. Injective also completed a key wick fill that many market watchers had been tracking. Polkadot moved higher as well, though some analysts remain cautious about the sustainability of the rally.
At the same time, meme tokens and parts of the AI-focused crypto segment saw noticeable pullbacks, highlighting uneven momentum across the altcoin market.
Altcoins Might See Downtrend in March
A popular crypto analyst has warned that several top altcoins could face further downside in March. The warning is based on ongoing downtrends and softening market sentiment.
Zebec Network (ZBC) was flagged as the first token at risk. A recent triangle breakdown and Fibonacci levels hint at a possible downtrend towards earlier lows. Despite continued development activity, the sentiment around the ZBC token price remains weak.
Stellar (XLM) Price can decline toward the $0.10 level if the current trend continues.
The outlook for XRP price remains cautious as well. According to the analyst, liquidity pressure could keep the token under strain in the near term, even while ecosystem updates continue.
Solana (SOL) price could move toward the $50 zone, amid market uncertainty and technical resistance.
Lastly, Sui (SUI) may also face added selling pressure. The projected near-term target stands around $0.53 based on Fibonacci analysis.
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FAQs
Bitcoin is moderating after clearing overbought levels and sideways trading. Market caution also comes from broader risk-off sentiment and tech declines.
Ethereum, Solana, XRP and others show mixed moves as some rally on recovery while others dip with market weakness.
Strong ETF inflows helped BTC and altcoins rebound recently, but risk-off moves in tech stocks added volatility today.
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