Crypto Market Sees Selective Buying Amid Geopolitical Tension

The crypto market has been under pressure due to rising geopolitical tension, leading to a cautious sentiment among traders. Despite this, some top gainers have managed to rise against the weak overall trend. These tokens include RaveDAO, Aave, MemeCore, Siren, and NEAR Protocol.

RaveDAO's price surge was driven by a short squeeze, which forced rapid buybacks and added fuel to the move. The token also benefited from event-driven hype surrounding its upcoming Hong Kong and Lisbon events. However, RaveDAO now needs to hold above the $4.40 to $4.65 area to sustain its rally.

Aave's price rise was fueled by the approval of a DAO funding proposal, which will provide Aave Labs with $25 million in stablecoins and 75,000 AAVE for growth. The token also received support from its strong protocol fundamentals, including $25.38 billion in TVL and $142 million in annualized revenue.

MemeCore's price increase was driven by a meme coin rotation, which saw traders rotating into high-beta tokens. The token also benefited from interest in its all-time-high chase, with M pushing near the $3 area and testing record highs again.

Siren's price surge was fueled by rising leverage interest, as fresh money poured into perpetual futures. The token also received support from altcoin rotation, with capital rotating into select altcoins and SIREN's recent weekly gains keeping traders watching it closely.

NEAR Protocol's price rise was driven by active derivatives trading, including large long and short positions opened across major exchanges. The token also benefited from AI narrative buzz surrounding its open-source AI vision, which kept trader attention on the token.