Dogecoin and Cardano Front Crypto Retreat Amid Ongoing Profit-Taking

Altcoins Under Pressure as Profit-Taking Hits Market; Dogecoin and Cardano Post Steep Declines

Crypto markets turned lower in Thursday’s early trading, with altcoins bearing the brunt of selling pressure as traders locked in recent gains. While Bitcoin (BTC) held firm above $105,000, high-beta assets such as Dogecoin (DOGE) and Cardano’s ADA led the downturn among major tokens.

DOGE and ADA both saw sharp intraday losses, mirroring a broader risk-off mood across digital assets. BNB, XRP, and Solana (SOL) also edged lower, each shedding over 1%, while Tron (TRX) was a rare standout, gaining nearly 2% on the day.

“Despite the pullback, underlying fundamentals remain strong,” said Anna Liu, CEO of HashKey Tokenization, in a message to CoinDesk. “We see this as typical rotation and consolidation after a strong run-up, especially in altcoins.”

Sentiment remains cautiously optimistic. The Crypto Fear & Greed Index ticked down but stayed in “greed” territory at 62, reflecting still-strong interest from retail and institutional players alike.

Technical analysts are split: Alex Kuptsikevich of FxPro noted that Bitcoin’s bounce off $103,000 last week could pave the way for a breakout toward $130,000, but warned that a failure to reclaim momentum could keep prices range-bound.

Meanwhile, Ether (ETH) continues to test overhead resistance at $2,700, just under its 200-day moving average. On-chain data from CryptoQuant flagged $96,700 as a critical level for BTC, aligning with the average entry price for short-term holders and posing downside risk if sentiment sours further.