FLR, RON, LINK, TAO, and RNDR Jump Despite Bitcoin’s Stalemate

• FLR’s demand increased while eyeing $0.035 but profit-taking might take RON to $3.
• LINK might offer another entry at $17.80 and TAO might retest $480 shortly.
• Liquidity flowing into RNDR decreased while BTC might keep trading sideways.

Although the trading volume of the entire crypto market dropped by 20% last week, some altcoin prices jumped, Santiment observed in a post. The post, dated February 5, noted that the attention shifted to cryptos including Flare (FLR), Ronin (RON), Chainlink (LINK), Bittensor (TAO), and Render (RNDR).

As a result, the prices of these altcoins climbed by double-digits. But Bitcoin (BTC) could not relate as the coin price only increased slightly.

Situations like this suggest that the altcoins might be gearing up for another pump. As such, traders might need to keep an eye out.

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