Crypto market’s weekly winners and losers – IP, MKR, RAY, TRUMP
- Greatest Gainers: Story [IP], Sonic [S], Maker [MKR].
- Greatest Losers: Raydium [RAY], Jupiter [JUP], Official Trump [TRUMP].
The cryptocurrency market continues to exhibit sharp worth actions, with some tokens reaching outstanding good points whereas others expertise vital downturns.
This week witnessed explosive rallies amongst top-performing tokens, whereas some belongings confronted relentless promoting stress. Under is a deep dive into the most important winners and losers of the previous seven days.
Greatest winners
Story [IP]
Story [IP] dominated the crypto markets this week, skyrocketing 205% from $1.50 to $4.40.
The token’s meteoric rise started on the twentieth of February, when a sustained shopping for spree pushed costs from $2.50 to a staggering peak of $5.80 on the twenty first of February.
The rally was fueled by distinctive buying and selling quantity, significantly through the aforementioned explosive session, when IP hit its weekly excessive.
Nevertheless, profit-taking emerged above the $5.50 mark, triggering a pullback that stabilized round $4.40.
Regardless of the retracement from peak ranges, IP maintains strong assist at $4.20, with patrons constantly stepping in at this worth level.
The token’s worth motion varieties a bullish consolidation sample, suggesting potential for an additional leg up.
This week’s surge locations IP among the many high performers within the crypto market, with technical indicators firmly in bullish territory.
Sonic [S]
Sonic [S] captured vital consideration this week, surging 60% from $0.52 to $0.81. The previous FTM token displayed outstanding momentum, significantly throughout its mid-week rally that pushed costs to a peak of $0.95.
The bullish run kicked off on the nineteenth of February, with sturdy shopping for stress driving a sequence of inexperienced candles that culminated in a excessive on the twenty first of February.
Buying and selling quantity spiked notably throughout this era, reflecting substantial market curiosity within the token.
Whereas profit-taking emerged above $0.90, inflicting a pullback to present ranges, Sonic maintains its bullish construction. The token discovered stable assist round $0.80, with patrons constantly defending this zone.
Technical indicators recommend the uptrend stays intact regardless of the consolidation section. The $0.85 degree now represents key resistance, with a break above probably triggering renewed shopping for curiosity.
Maker [MKR]
Maker [MKR] showcased distinctive energy this week, surging 58% from $1,000 to $1,585.
The DeFi heavyweight gained vital momentum after breaking by way of key resistance ranges, significantly the essential $1,200 mark.
The bullish momentum accelerated on the twenty first of February, when MKR recorded a considerable inexperienced candle, pushing costs from $1,200 to $1,400 in a single session.
Buying and selling quantity spiked dramatically, with the MACD indicator confirming sturdy bullish momentum because it crossed above the sign line.
Supply: TradingView
Technical evaluation reveals that MKR’s worth motion shaped a robust uptrend, with every retracement discovering stable assist at greater ranges.
The token efficiently breached its 200-day transferring common at $1,487, turning it right into a assist degree.
Current classes, at press time, confirmed MKR consolidating above $1,500, suggesting patrons stay in management. The MACD histogram continues to print greater highs, indicating sustained bullish momentum.
For merchants eyeing entry factors, the newly established assist at $1,500 presents a key degree to observe.
A profitable protection of this zone might arrange MKR for an additional leg greater, probably concentrating on the $1,700 resistance degree. Nevertheless, any break under $1,400 may sign a short-term pullback.
High 1,000 gainers
Past the highest performers, the broader market noticed notable surges.
Scotcoin [SCOT] led the highest 1,000 tokens with a 742% acquire, whereas Undeads Video games [UDS] and Solana Social Explorer [SSE] posted 295% and 266% good points, respectively.
Greatest losers
Raydium [RAY]
Raydium [RAY] emerged as this week’s largest loser, plummeting 16% from $5.15 to $4.34.
The Solana-based DEX token confronted relentless promoting stress, with bears dominating practically each buying and selling session for the reason that seventeenth of February.
The sharp decline started with a sequence of enormous pink candles breaching a number of assist ranges.
Probably the most vital drop occurred within the first two days of the week, when RAY tumbled from $5.15 to $4.20, briefly bouncing at this assist zone.
Supply: TradingView
Regardless of a mid-week restoration try that pushed costs towards $4.80 on twenty first February, sellers rapidly regained management.
The MACD indicator stays adverse, and a demise cross sample has shaped, signaling extended draw back stress.
For any significant restoration, RAY must reclaim $4.50, adopted by a break of the $4.80 resistance degree. Nevertheless, the present technical setup suggests bears stay in management.
Jupiter [JUP]
Jupiter [JUP] couldn’t escape broader market stress, tumbling 14% from $0.92 to $0.78. The Solana-based DEX aggregator confronted vital promoting stress, significantly throughout early-week classes.
The steepest decline occurred between the seventeenth to the nineteenth of February, when JUP plummeted from $0.92 to $0.70, marking a neighborhood backside. Whereas patrons emerged at this assist degree, the rebound was unsustainable.
JUP was consolidating between $0.77 and $0.80 as of this writing, with decrease highs and decrease lows defining the development.
The $0.75 degree now represents essential assist, with any break under probably triggering one other wave of promoting.
Official Trump [TRUMP]
Official Trump [TRUMP] meme token struggled this week, dropping 12% from $0.35 to $0.31. The politically-themed token confronted persistent promoting stress, persevering with its downward development.
The decline accelerated mid-week, briefly touching $0.29 earlier than seeing a minor bounce. Regardless of makes an attempt to stabilize round $0.32, promoting stress remained dominant.
For any significant restoration, TRUMP must reclaim and maintain above the $0.33 resistance degree. Nevertheless, the $0.30 assist degree stays a vital check for the token.
High 1,000 losers
Within the broader market, Unchain X [UNX] led the declines with a 62% drop, adopted by Libra [LIBRA] and Griffain [GRIFFAIN], which fell 61% and 44%, respectively.
Conclusion
Right here’s the weekly recap of the most important gainers and losers. It’s essential to remember the risky nature of the market, the place costs can shift quickly.
Thus, doing your individual analysis [DYOR] earlier than making funding choices is finest.
