10 Cryptos Showing Strongest Bullish Sentiment During a Market Crash — What Could Happen Next?

Jakarta, Pintu News – While the crypto market has been under immense pressure and the majority of assets have experienced sharp corrections, a number of tokens have emerged that have shown remarkable resilience in terms of community sentiment. Amidst panic and massive sell-offs, these ten cryptocurrencies continue to register a high dominance of bullish sentiment-signaling investors’ strong confidence in their long-term prospects, according to data from CoinMarketCap.

1. Kaspa

Data on community sentiment towards Kaspa (KAS) shows very high optimism among investors and market watchers. Out of a total of 439,200 votes, 89% expressed a bullish view, signaling an expectation that Kaspa’s price will continue to increase in the near future. Only 11% had a bearish view, or predicted a price decline.

Read also: 3 Altcoins at High Risk of Liquidation this Week

In the last 24 hours (14/11), massive activity was recorded on the Kaspa network with the purchase of 50 million KAS from the Gate.io platform, as announced by the official Research Kaspa account.

The data shown shows significant balance spikes in a number of large wallets, signaling accumulation by institutional investors or crypto whales.

The Gate.io wallet saw the addition of over 50.5 million KAS, valued at approximately $2.4 million, making it the largest purchase in the period. In addition, several other wallets also showed significant accumulation: one wallet added more than 6.1 million KAS, while Kraken and MEXC Wallet recorded additions of around 1.9 million and 1.45 million KAS, respectively.

2. ASI Alliance

Community sentiment towards ASI Alliance (FET) shows a strong dominance of optimism among owners and observers of this digital asset. Out of a total of 155,800 votes cast, 85% expressed bullish views, indicating an expectation that the value of ASI will continue to rise. Only 15% are bearish, or expect a price drop in the near future.

The latest technical analysis from the @DonaldsTrades account shows that the $FET crypto asset has formed a cup and handle pattern inside a falling wedge formation. Both of these patterns are historically known as strong bullish reversal indicators, indicating a potential trend reversal from bearish to bullish.

The chart shows $FET’s price movement over a long period of time forming a gradual decline in a falling wedge pattern, which usually leads to an upward breakout.

The large green arrow pointing upwards marks an optimistic projection, with a potential resistance level in the area around $3.61, which appears to be the post-breakout technical target. With prices currently hovering around $0.28, this pattern suggests the possibility of a sharp price increase should the breakout occur and trading volumes increase.

3. XRP

Community sentiment towards XRP shows a very strong dominance of optimism. Out of a total of 1.7 million votes cast, 88% expressed a bullish view, signaling the majority’s belief that the price of XRP will increase in the near future. Only 12% had a bearish view, forecasting a potential price drop.

XRP’s 10% price drop in the last 24 hours (14/11) is being analyzed as a classic example of the “Sell the News” trading strategy. In a post on the X platform, an analyst noted that this sharp drop occurred right after the first XRP spot ETF was officially launched in the United States.

Read also: 5 Crypto Whale Actions in the Futures Market You Need to Watch This Week

For context, massive selling pressure occurred shortly after Canary Capital launched its spot XRP ETF product (XRPC) on the Nasdaq exchange on Thursday, November 13.

4. Pi Network

Community sentiment towards Pi Network shows a very strong predominance of positive beliefs. Of the total 4.3 million votes collected, 88% expressed a bullish view, reflecting the widespread expectation that the value of Pi will increase. In contrast, only 12% showed a bearish view, or predicted a decline in price.

5. Internet Computer

Community sentiment towards Internet Computer (ICP) is showing a strong positive trend. Out of a total of 124,200 votes cast, 83% expressed a bullish view, reflecting high expectations of the asset’s potential price gains. Meanwhile, 17% of respondents showed bearish views, signaling a small portion of the market that is still cautious.

6. Near

Community sentiment towards NEAR Protocol shows a clear dominance of optimism. Out of a total of 121,500 votes collected, 85% of them expressed bullish views, signaling a widespread belief that the NEAR price will experience an increase. Only 15% showed a bearish stance, reflecting a minority that foresees a potential decline.

7. Aster

Community sentiment towards Aster (ASTER) shows a predominance of positive views albeit with a more moderate level of optimism compared to some other crypto assets. Of the 54,700 votes cast, 74% showed a bullish outlook, indicating hope for a price increase. Meanwhile, 26% of respondents were bearish, reflecting a sense of concern or doubt in some parts of the community.

Read also: 3 Cryptos that are likely to continue their upward rally after the end of the US government shutdown

In a recent analysis shared by the @Doors_Of_Janua account, the $ASTER crypto asset again showed strong technical resilience after successfully recovering the losses from the previous day. The analyst noted that the trend lines in the diamond pattern have been adjusted, and no technical structure has been invalidated as of now.

The daily Money Flow Index (MFI) indicator also remains in bullish territory, indicating a healthy inflow of funds and still supporting the potential for price increases. With the current price position around $1,125 and the technical pattern still in place, analysts expect ASTER to have the potential for a stronger rally as general market conditions recover.

The next important resistance level is seen in the range of $1.62, which becomes a potential target if the breakout momentum is confirmed.

8. Cardano

Community sentiment towards Cardano shows a very strong dominance of optimism. Out of a total of 1.2 million votes cast, 88% expressed bullish views, reflecting the overwhelming belief that the price of ADA will see an increase. Only 12% held bearish views, signaling a minority of the market that foresees a potential decline.

9. Hedera

Community sentiment towards Hedera shows a very strong trend of optimism. Out of a total of 964,700 votes collected, 87% expressed bullish views, reflecting positive expectations on the potential upside of HBAR prices. Meanwhile, only 13% were bearish, indicating a small portion of the community that is still wary of a possible decline.

10. Chainlink

Community sentiment towards Chainlink shows a strong dominance of optimism. Out of a total of 881,500 votes cast, 86% expressed bullish views, signaling widespread confidence in the asset’s upside potential. Meanwhile, 14% of respondents were bearish, reflecting the caution of a minority of market participants.

Also read: 3 Crypto AIs that Stole Investors’ Attention This Week, Nvidia Earnings Effect?

The latest data from @ali_charts analysts shows that Chainlink ($LINK) just lost an important support zone at $16-the price region where there was previously a large accumulation of 53.87 million tokens.

The findings are based on Glassnode’s cost basis distribution heatmap, which illustrates supply concentration based on historical price levels.

The chart shows that the recent price drop has broken through the dense accumulation area, which is marked in light color in the range of $16.09 to $16.23. This level previously served as strong support as it was the average entry point for a large number of LINK holders. Losing this support could technically trigger further selling pressure if not recovered soon.

Currently, the next largest supply distribution is in the range of $12.47 to $12.58, with an accumulation of about 9.58 million tokens. If the price continues to weaken, this area could potentially be the next target as minor support.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.