The crypto market has remained under pressure this week.
On the macro front, renewed geopolitical tensions have pushed Bitcoin (BTC) ETF flows back into negative territory, keeping investors cautious. To make matters worse, DeFi exploits have further negatively impacted market sentiment.
Despite this, a handful of AI and mid-cap altcoins performed better, suggesting capital is still gravitating towards selective narratives rather than the broader market.
Weekly winners
Why does Audiera (BEAT) need FOMO to maintain its momentum?
Listen (BEAT) It was among this week’s top gainers with a 50% increase. More importantly, this move comes after a two-week decline and a broader consolidation phase; This shows that this is not just a random rise. Instead, the bulls stepped in to buy the dip and turned the momentum in their favor.
The technical setup also remains constructive. The RSI is rising but has not yet reached the overbought zone, which means there is still room for the uptrend to continue. BEAT has a good chance of extending its gains into next week as buyers regain control and gain momentum.
However, the next hurdle is a big one. As the chart below shows, BEAT broke out above the $3.60 resistance and is now approaching the psychological $4.00 level. This is where selling pressure may begin to increase as short-term investors take profits.
If the bulls can absorb this sell-off and turn $4.00 into support, the rise could extend further. But if they fail to sustain the breakout, BEAT could see a healthy pullback before making a move higher.
This makes FOMO the next important catalyst to watch.
Early signs are already appearing on the daily chart, with BEAT gaining more than 5% on the day. If this momentum continues and buyers continue to chase the breakout, BEAT could be on track to test the $4.50-$5.00 resistance zone in the coming sessions.
Shiba Inu (SHIB) rallies as supply squeeze increases momentum
Shiba Inu (SHIB) It became the second best player of the week with an increase of approximately 35%. This is also SHIB’s strongest weekly rally since November 2024 and shows that buyers are starting to return to the meme coin after months of muted price action.
What’s interesting is that SHIB’s move looks different from the rest of the market. Nearly 280 million SHIBs have been burned this week, according to Shibburn, while whale accumulation has also increased. This shows that this is not just a momentum-driven rally. Instead, on-chain demand is supporting the move, even as the broader market remains relatively muted.
From a technical perspective, SHIB broke out of its recent range and is currently gaining momentum towards the next resistance zone around $0.000026-$0.000027. If buying pressure and whale accumulation continues at the current pace, this target looks achievable, pushing SHIB closer to its early May trading range, making it one of the key altcoins to watch heading into the third quarter.
Venice Token (VVV) token faces a significant test this week
Venice Token (Tourist Office) It became the third best player of the week with a 9% increase. While this is smaller than the other two top gainers, VVV’s price action looks arguably the healthiest from a technical perspective.
This week’s move extends gains for two consecutive weeks, bringing VVV’s total rise to almost 30%. So, instead of a one-day increase, the token is climbing steadily and showing consistent buying pressure. This is generally a stronger construct because it indicates accumulation rather than short-term speculation.
The RSI is starting to warm up but the gradual pace of the rally leaves room for the trend to continue. If buyers maintain control, VVV looks well positioned to break into the $15 resistance zone. Even if some profit-taking occurs along the way, this will likely be a healthy pullback to get out of weak hands rather than a sign that the uptrend is over.
Other notable winners
Apart from the big ones, altcoin carriers also attracted attention this week.
Score (SN44) led the market with a staggering 3,988% increase, followed by Pons (PONS), up 179%, while Euler (EUL) rounded out the week’s top performers, up 135%.
weekly losers
DeXe (DEXE) faces a full-blown capitulation sale
DeXe (DEXE) It topped this week’s losers list after suffering a drop of almost 90%. It looked like a complete capitulation, erasing months of gains and sending DEXE back to its first quarter price range around $1.50. As a result, many investors who bought during the rally are now at a loss.
However, the sales were not isolated. The crypto market was rocked by three DeFi attacks in a single day, triggering new FUD. Since DEXE is a DeFi token, it has been hit harder than most as investors rush to reduce risk.
However, the selling pressure seems to be finally calming down. Since the initial crash, DEXE has been consolidating at $3.50 while the RSI has fallen into the oversold territory. This does not guarantee that the situation will be reversed, but it does indicate that the surrender phase may be coming to an end.
If buyers start to step back and DEXE maintains its current range, a short-term relief bounce could be the next move to watch.
Midnight (NIGHT) strengthens bear control as sellers maintain dominance
Midnight (NIGHT) It finished the week as the second biggest loser, down 26.7%. While the decline seems relatively mild compared to DeXe’s capitulation, the technical picture still looks to favor the bears.
This week’s decline follows a 25% decline over the last two weeks, which extended NIGHT’s low-high, low-low structure and dragged the token below the $0.002 area. Although there was a modest 1.5% jump on the daily chart, this was not enough to change the trend. The RSI is trending well above the oversold zone, indicating that the selling pressure is not yet completely exhausted.
Unless buyers step in with stronger volume, NIGHT may be preparing for another break below support, as it has for the past few weeks. For now, the chart still indicates that the bears are in control, and a stronger uptrend is likely to emerge only after accumulation begins to increase.
Zcash (ZEC) reaches a major milestone
Zcash (ZEC) It fell 10.16%, making it the third biggest loser of the week. However, unlike the other two names on the list, ZEC’s withdrawal does not appear to be a breakout. Instead, it looks like a healthy cooldown after a strong run.
Technically, ZEC regained the $500 level, rising nearly 40% in late June and early July. There was always the possibility of making some profit after such a move. So far the chart shows exactly that; A typical pullback where long-term buyers wait for better entries while weak hands take profits.
If this setup holds, ZEC could position itself higher as market sentiment improves. The real thing to watch is not ZEC itself, but the broader market. If the current FUD wave begins to weaken, ZEC’s pullback may look like nothing more than a reset before the next move.
Other significant losses
In the broader market, downside volatility has been hit hard.
BitMart (BMX) led the losers with a 64.9% drop, followed by Starpower (STAR) with a 38.5% drop, while Up (UP) fell 36.6% as the bearish momentum intensified.
Solution
This week has been a rollercoaster for crypto. Big pumps, sharp drops and non-stop action. As always, be careful, do your own research and trade wisely.
Final Summary
- Audiera (BEAT), Shiba Inu (SHIB) and Venice token (VVV) led the week’s gains.
- DeXe (DEXE), Midnight (NIGHT) and Zcash (ZEC) saw significant declines.
