Last week, Bitcoin (BTC) value fell by 3.88%. The threat of an upswing in West Asia and its impact on the global economy led to a rapid sell-off over the weekend.
Since Saturday’s high of $71.1K, Bitcoin is down 3.5% in 24 hours. Altcoin market cap shrank by 1.94% in the same period. Some have shown remarkable weekly performance despite broader fears in the crypto market, and some altcoins have exhibited notable weakness.
It’s time to rank the week’s biggest winners and losers.
Weekly winners
Kaspa caught the attention of altcoin investors by breaking its 100-day moving average
The 1-day time frame showed that Kaspa has been trending upwards in recent days. Trading volume rose above the 20-day average on Monday, March 16, and has remained high since then.
OBV was heading towards new highs and DMI showed a strong uptrend, with KAS registering a 19.5% increase for the week.
However, the price action showed a downward oscillation structure. $0.042-0.047 was an important resistance zone for the bulls to overcome.
The price has crossed the 50- and 100-day moving averages, but these MAs have not yet formed an uptrend, which would indicate a sustainable upward momentum in this time frame.
DeXe rally strengthens relative strength of crypto AI sector
AMBCrypto noted in it previous weekly report The market cap growth of the AI industry has been seen to be explosive. Popular AI tokens have seen gains of 30% or more in a week.
DeXe (DEXE) continued this trend with an increase of 18.62% this week.
Several other leading AI industry tokens have failed to maintain their momentum, making DeXe’s relative strength even more notable. $7.4 area key supply zone load.
River inches closer to breaking local highs
recently AMBCrypto report It showed that River has once again established a structure that is on the rise. A possible pullback towards $18 in one case Bitcoin sales were expected. The recent selling pressure on BTC has done little to push back the RIVER bulls.
It would likely break the local highs of $28.7 and continue its rise. upward momentum within the next week.
Other notable winners
Alliance for Artificial Superintelligence (FET) was another AI token with a remarkable weekly performance of 16.55%. As long as prices remain above this level, FET bulls will remain in a strong position. $0.2 level.
Quant (QNT) was another winner of last week, up 12.6% this week. This challenged $80 resistance level but could not overcome it on the first try.
weekly losers
Uniswap is down 12.4% for the week alongside weakness in the DeFi sector
Glassnode data The DeFi sector showed market cap falling 4.5% over the week. Among the leading tokens, UNI was the weakest. A week ago, it was heading towards a local high of $4.29.
The bulls were making steady progress, but that progress was quickly erased. The $3.6 support was lost within a week. The RSI has fallen below the neutral 50 level and the advance of the OBV has also slowed.
TRUMP continues to face selling pressure after conference excitement
The official Trump (TRUMP) token was another prominent loser in last week’s trading. It decreased by approximately 5% in 24 hours and 20.51% during the week. Memecoin’s prices reached the $4 mark after the explosion. Mar-a-Lago crypto conference announcement.
Since then, the long-term downward trend has manifested itself once again.
OKB fails to sustain previous bullish momentum
The OKX exchange and its gas token OKB continued to slide downwards on the price charts. Earlier this month, Intercontinental Exchange made an announcement. $25 billion valuation While OKX announced a strategic investment.
This news caused OKB prices to rise above $120, but this move could not be sustained. The altcoin is down 31.9% from $124.2. It dropped 12.57% last week alone.
Other notable losers
Some of the same suspects have also made their way into the weekly featured altcoins. Midnight (NIGHT) continued its losing streak with a weekly decline of 16.6%.
Render (RENDER) and Internet Computer (ICP) were other popular crypto AI tokens that dropped last week.
The two recorded weekly losses of 10.37% and 9.66% respectively.
Geopolitical tensions could make next week bleak
Bitcoin was trading in a value zone and presented a short-term buying opportunity. If the price can stay above the $65.6K local support, there are chances of a recovery above $70K.
This could give select altcoins a higher chance of a rise, especially those that have shown relative strength against BTC in recent weeks.
Final Summary
- Saturday’s Bitcoin sell-off hit some altcoins much worse than others.
- Kaspa and DeXe were the leading gainers this week, while Midnight, TRUMP and OKB tokens continued their recent declines.
