The cryptocurrency market faced a sharp correction today, with several top altcoins posting double-digit losses over the past 24 hours. Despite recent rallies across the sector, risk appetite has faded as investors react to profit-taking and uncertainty following Bitcoin’s pullback.
Among the hardest-hit assets were Starknet, Uniswap, Filecoin, Artificial Superintelligence Alliance, and Zcash, all sliding as momentum indicators cooled and trading volumes surged across exchanges.
Market Snapshot
Bitcoin’s correction below $102,000 has triggered widespread sell-offs across altcoins, wiping out recent gains from last week’s rally. On the day, total crypto market capitalization dipped as traders rotated capital back into stable assets amid volatility.
Data shows that most top altcoins saw losses exceeding 8% to 13% in the last 24 hours, despite strong weekly performances earlier in the week.
1. Starknet (STRK)
Starknet fell by 13.46% in the past 24 hours to around $0.14, marking one of the steepest daily declines among major layer-2 networks. Technical charts indicate fading momentum, with the RSI cooling near the 45 zone and the MACD flipping bearish. Despite a 28% weekly gain, selling pressure remains dominant in short-term frames, suggesting that traders are locking in profits after last week’s breakout.
2. Uniswap (UNI)
Uniswap slid by 10.94% to $7.90 following a failed retest of the $10 resistance. The 4-hour chart shows a visible bearish crossover on the MACD, while RSI has dropped from near-overbought levels to around 53, hinting at weakening buying strength. Despite this drop, UNI still holds a strong 47% weekly gain, supported by rising on-chain activity across its decentralized exchange ecosystem.
3. Filecoin (FIL)
Filecoin dropped 10.91% to $2.13 after failing to sustain its recovery momentum. On the technical side, the MACD histogram turned negative while RSI fell toward 39, signaling declining strength among buyers. Still, FIL has risen by 54% over the past week, driven by renewed attention to decentralized storage solutions.
4. Artificial Superintelligence Alliance (FET)
AI-linked token FET lost 10.47% to $0.317 as the broader artificial intelligence narrative cooled down. MACD and RSI indicators both confirm a short-term retracement after a strong rally earlier this month. Despite the decline, the token remains up 45% weekly, reflecting ongoing investor interest in AI-powered blockchain initiatives.
5. Zcash (ZEC)
Zcash declined 8.74% to around $452, erasing part of its recent rally that saw prices briefly surpass $700. The MACD line has sharply dropped into negative territory, and RSI now sits near 40, confirming a short-term bearish phase. Analysts note that profit-taking and tightening liquidity are weighing on privacy-focused assets this week.
Broader Outlook
The recent wave of selling highlights the fragility of the current crypto uptrend. While weekly gains remain impressive, overextended charts and fading momentum suggest a near-term cooling period before the next potential leg higher. Market observers say investors are likely awaiting new macro catalysts before re-entering risk positions.
