Crypto Market Weekly Report: Winners & Losers

Crypto Market Weekly Report: Winners & Losers

This week's cryptocurrency market showcased significant volatility. While Bitcoin reached a new all-time high above $111,000, broader market instability quickly shifted sentiment to risk-aversion. Despite this, capital flowed selectively into specific sectors, highlighting pockets of strength.

• Top Weekly Gainers: SPX6900 [SPX], Worldcoin [WLD], and Hyperliquid [HYPE] experienced substantial price increases.
• Top Weekly Losers: Pyth Network [PYTH], Story [IP], and EOS [EOS] suffered significant declines.

Weekly Winners

SPX6900 [SPX]

SPX6900 [SPX] led the weekly gains with a nearly 30% surge. While initially showing a bearish trend, aggressive buying fueled a rapid rally. However, a subsequent correction suggests the hype might be waning. Without sustained buying, a drop towards $0.77 is possible.

Worldcoin [WLD]

Worldcoin [WLD] saw a 20.38% weekly gain, driven by risk-on sentiment. A key resistance level at $1.30 was broken, reaching a two-month high of $1.51. The crucial factor now is whether $1.30 holds as support.

Hyperliquid [HYPE]

Hyperliquid [HYPE] secured a top-three position due to strong technical momentum. A sustained uptrend, fueled by short-covering, accelerated during Bitcoin's all-time high. While the RSI suggests a potential cooldown, the overall trend remains bullish. Continued volume could propel HYPE further.

Source: TradingView (HYPE/USDT)

Other Notable Winners

Several altcoins also performed exceptionally well. Collatrize [COLAT] surged by 160.7%, followed by Efinity [EFI] at 135.5%, and Moonpig [MOONPIG] at 101.6%.

Weekly Losers

Pyth Network [PYTH]

Pyth Network [PYTH] experienced a 19.27% drawdown, starting with an 11.92% single-day plunge. Low volume indicates a lack of buyer interest. A bearish bias prevails, with potential for further decline towards $0.10.

Source: TradingView (PYTH/USDT)

Story [IP]

Story [IP] saw a 13.39% decline. Despite the red candles, a higher-timeframe structure suggests potential resilience. A bounce indicates buyer activity at lower levels. A consolidation around $4.17 may precede a breakout.

EOS [EOS]

EOS continued its decline with a 10% slide. A failed breakout near $1.00 triggered selling pressure, amplified by broader market concerns. However, a recent rebound suggests a possible local floor near $0.80. A sustained bounce could lead to a move towards $0.95-$1.00.

Other Notable Losers

Several cryptocurrencies suffered significant losses. Hot Mom [HOTMOM] led with a 61.4% drop, followed by APF Coin [APFC] at 44.6% and NEM [XEM] at 38.2%.

Conclusion

The crypto market remained highly volatile this week, highlighting the need for careful risk management. Codeum provides blockchain security and development services, including smart contract audits, KYC verification, and custom DApp development to help navigate this complex landscape. Always perform your own research before investing.