BERA, ONDO, and NOT: 3 Altcoins Trend Today Amid Broader Crypto Market Downturn

The cryptocurrency market has been in a downturn this week, with many digital assets facing continued price declines. Today is no different, with the global crypto market cap down by 2% over the past 24 hours.

Cryptocurrency prices today: BERA airdrop, Trump-backed platform buys ONDO

The cryptocurrency market continued to face a broader slump on Friday, with the global crypto market cap showing a 2% decline over the past 24 hours.

Amid this broader bearish trend, certain altcoins are drawing attention due to recent ecosystem developments. Here's a closer look at three altcoins that are trending today.

Berachain (BERA) officially launched its "proof-of-liquidity" layer-1 blockchain on Thursday, kicking off its mainnet launch sequence. The project also carried out its BERA token airdrop, which saw the distribution of coins to its community members, to the tune of about $1.17 billion.

However, this airdrop was swiftly followed by a surge in selloffs, which led to a decline in the coin’s value. At press time, BERA trades at $7.39, noting a 17% price dip in the past 24 hours.

This period also saw a surge in the coin's trading volume by over 150,000%. Such a rise in trading volume, coupled with a falling asset price, indicates strong selling pressure. It suggests that more traders are offloading the asset, putting downward pressure on its price.

If selloffs persist, BERA’s price could plummet to $5.36. Without sufficient bullish support at this level, the coin’s price could drop further to $3.89.

On the other hand, if BERA's accumulation rises again, its price could climb to $8.47.

2. Ondo (ONDO)

Another altcoin trending today is the RWA-based asset ONDO. The major factor driving this is Ondo Finance's Thursday announcement that it will begin its layer-1 blockchain, which is designed for tokenized real-world assets (RWAs).

Following the announcement, World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump, purchased 42,000 ONDO tokens for $470,000 USDC on the CoW Protocol.

However, despite these developments, ONDO's performance has remained lacklustre. It has shed 0.1% of its value over the past 24 hours. At press time, the altcoin trades at $1.40.

If ONDO's demand weakens further, it could extend its decline in the short term, causing its price to plummet to $1.23.

However, a shift in market trends toward accumulation could drive ONDO's value up to $1.57.

3. Notcoin (NOT)

Finally, Notcoin (NOT) has also seen a significant price decline recently. At press time, NOT trades at $0.0026. It has lost 40% of its value over the past week. In fact, on Monday, the altcoin plunged to a nine-month low of $0.0021 before rebounding slightly.

Its Elder-Ray Index confirms the poor demand for NOT among market participants. At press time, this is at -0.0019. This indicator measures an asset's buying and selling pressure by comparing its price to its exponential moving average (EMA).

When the index is negative, it indicates that bears are in control, meaning selling pressure is dominant, and prices may continue to decline. If NOT's decline continues, its price could revisit Monday's multi-month low.

Conversely, if buying activity resumes, it could drive NOT's value to $0.0039.