Crypto Retreats on Profit-Taking; Dogecoin, Cardano Fall Most Among Majors
Digital asset markets declined Thursday as profit-taking swept across major altcoins, with Dogecoin (DOGE) and Cardano’s ADA registering the steepest drops. Bitcoin (BTC) remained comparatively resilient, holding above $105,000, though broader risk sentiment softened.
Other top tokens, including BNB, XRP, and Solana (SOL), fell between 1% and 2%, while Tron (TRX) outperformed, rising nearly 2% amid isolated bullish flows.
“This looks like rotational cooling rather than structural weakness,” said Anna Liu, CEO of HashKey Tokenization, in a note. “ETF inflows suggest long-term confidence, but traders are locking in gains after a strong run.”
The Crypto Fear & Greed Index edged lower to 62, signaling moderate caution despite still-positive sentiment.
Technically, analysts flagged $2,700 as a key resistance level for Ether (ETH), which continues to struggle below its 200-day moving average. Bitcoin, which rebounded from $103,000 last week, may be setting up for a move toward $130,000, according to FxPro’s Alex Kuptsikevich.
Still, CryptoQuant analysts warn of downside risks, pointing to $96,700 as a potential support zone aligned with short-term holder cost basis.
