Crypto markets have remained under pressure this week.
Bitcoin (BTC) and Ethereum (ETH) continue their weak performance, while risk appetite remains weak amid ongoing macro uncertainty.
As major cryptocurrencies struggle to gain traction, capital has moved into a handful of undervalued altcoins, fueling triple-digit gains in select tokens even as broader market sentiment remains cautious and profit-taking has accelerated in many large-cap assets.
Weekly winners
Velvet (VELVET) – Emerging ecosystem tops with triple-digit gains
Velvet (VELVET) It became the company with the biggest weekly gain with an increase of 235%. With the token currently approaching its all-time high of $1.80, a short-term holdout wouldn’t be surprising after such a sharp move.
Supporting this, the RSI has moved deeper into overbought territory, suggesting profit-taking may be starting. However, price history shows that the rally may not be over yet. Following a 157% rally in early June, VELVET continued to rise over the following three weeks, indicating that buyers remained firmly in control despite overbought conditions.
This week’s move also comes after a long consolidation phase. VELVET has finally broken out after hovering around $0.50 for weeks, following its previous rise to $1.80. This type of foundation building often adds more power to a breakout than a straight vertical movement.
In short, both daily and weekly charts are still in favor of the bulls. While a brief pullback or consolidation would be healthy, the overall trend remains intact. If buying pressure continues, a break above the all-time high of $1.80 looks increasingly likely, leaving the $2 level in tight focus.
DeXe (DEXE) – Decentralized protocol strengthens steady uptrend
DeXe (DEXE) It was the second biggest weekly gainer, up 60%. More importantly, the token reclaimed the $22 level for the first time since Q4 2021, meaning that a large portion of long-term holders who were underwater are finally turning a profit.
Normally this increases the chances of taking profits. However, DEXE’s latest price action shows that the bulls are still in control. After pulling back for three consecutive days, the token jumped almost 4% in less than 48 hours, indicating that buyers were quickly absorbing the selling pressure.
This dip buying behavior keeps the broader uptrend intact. If the current momentum continues, a break above $25 could trigger another upward leg as new buyers flock in and existing owners become less willing to sell. In this scenario, the $30 level becomes the next logical upside target.
Audiera (BEAT) – Entertainment token rises sharply on classic short squeeze
Listen (BEAT) It rounded out this week’s top three gains with a 45% increase. What’s even more interesting is that this happened just a week after the token crashed by almost 70%. This type of reversal is usually a sign that buyers are backing off aggressively after an oversold move.
The sharp selloff also appears to have eliminated excessive leverage and shaken out weak hands. Moreover, the RSI has cooled towards the neutral zone, giving BEAT more room to move higher.
The next level to watch is $2.50, which currently stands as key resistance. A break above this could quickly open the door for a retracement towards $3. But this will not be easy; BEAT’s 3% intraday pullback shows that sellers are still defending that zone. If so, BEAT may spend some more time consolidating before attempting another exit.
Other notable winners
Apart from the main branches, altcoin carriers stood out this week too.
Cortex (CX) led the action with a +2710% increase, followed by Biconomy (BICO) with a +246% increase, while Synapse (SYN) rounded out the list of biggest risers with a +186% increase.
weekly losers
MemeCore (M) – Meme token suffered a massive crash this week
MemeCore (M) It finished the week as the biggest loser, falling 70% after reports of insider manipulation triggered a wave of panic selling. This move almost perfectly mirrors Audiera’s 70% crash last week and makes for an interesting reversal setup to watch.
Technically, the damage is quite extensive. M lost the $1 support and has now returned to the $0.60-0.65 zone, effectively erasing the post-October rally. The sharp decline has also pushed the RSI deep into oversold territory, suggesting that sellers may have exhausted themselves after such an aggressive rally.
The upside is that the crash also eliminated much of the overleverage. As AMBCrypto reported, around $8 million worth of long positions were also liquidated alongside the wave of short liquidations. This type of reset usually gives prices a chance to establish a base rather than sustaining a leveraged sell-off.
The next question is whether M can pull off a BEAT-style recovery.
So far the chart is showing the first signs of stability. MemeCore has spent the last 48 hours trading around $0.65, indicating that buyers are starting to digest the selling pressure. It’s too early to call a bottom, but if this consolidation continues, the likelihood of a relief bounce will be much higher.
The chart to watch for now is volume. An increase in buying volume while the price remains above $0.65 would be the first real sign that the bulls are trying to take back control.
Worldcoin (WLD) – The crypto project returned to a key support level this week
Worldcoin (WLD) It was the second biggest loser of the week, falling 26%. Unlike MemeCore’s panic-driven sell-off, WLD’s decline looks more like a healthy wait following a strong run that lasted several weeks.
From a technical standpoint, WLD had rallied for five consecutive weeks. This move turned a lot of STH into profit, so making a profit was always on the agenda. The only concern is momentum. Even after a five-week rally, the RSI never entered the overbought zone, indicating that the uptrend was not supported by strong buying pressure.
This now appears on the chart. On the daily timeframe, WLD recorded a pullback for six consecutive days, dragging the price towards the $0.40 support area. If the selling pressure continues and support breaks, a deeper correction could follow before the bulls bounce back.
Steller (XLM) – Payments-focused blockchain fails to post a strong uptrend
Star (XLM) It fell 18.5%, making it the third biggest loser of the week. Like Worldcoin, XLM’s daily chart is under sustained selling pressure; The token extends its losing streak to 11 consecutive days, keeping the short-term trend strongly bearish.
On the weekly chart, the picture is a little more interesting.
Last week’s 9% rally followed a two-week sell-off that sent the price down almost 30% as buyers stepped in around $0.25. However, this support could not be sustained this week. If XLM cannot quickly regain $0.25 and begin to form a base, the risk of a deeper correction will remain high.
If the current structure remains intact, XLM could retrace most of its two-month rise and $0.15 could emerge as the next important support. The chart continues to favor the bears until buyers come in and confirm a bottom.
Other notable losers
inside wider marketdownside volatility hit hard.
Humanity (H) – down 71%, followed by Biconomy (BICO) down 68.5% and Yei Finance (CLO) down 42.2% as momentum cooled sharply.
Solution
This week has been a rollercoaster. Big pumps, sharp drops and non-stop action. As always, be careful, do your own research and trade wisely.
Final Summary
- Velvet (VELVET), DeXe (DEXE), Audiera (BEAT) were the leaders in the week’s earnings.
- MemeCore (M), Worldcoin (WLD), Steller (XLM) saw significant declines.
