Crypto market’s weekly winners and losers – CRO, IP, PENDLE, AERO
Key Takeaways
Cronos [CRO], Pyth Community [PYTH], and Story [IP] led the week with sharp worth surges. In distinction, Pendle [PENDLE], Aerodrome Finance [AERO], and Lido DAO [LDO] noticed vital declines.
The crypto market had a combined week.
Macro information set the tone, retaining Bitcoin [BTC] range-bound. Ethereum [ETH] additionally stayed in consolidation, although on-chain indicators turned extra constructive with $900 million in contemporary institutional inflows.
In the meantime, rotation into altcoins was selective. A number of names held up, however many of the market closed the week within the crimson.
Weekly winners
Cronos [CRO] — Crypto.com’s native token hit a three-year excessive
Cronos [CRO] led the week, ripping 85% from its $0.15 open. The truth is, it’s CRO’s most bullish week but, with many of the transfer coming in simply three days, exhibiting sturdy accumulation and shopping for strain.
The week began with CRO dipping 1.56% inside its range-bound stoop beneath $0.15, a continuation of the This fall pullback. However a 30.5% pop the subsequent day pushed the worth to check $0.20, a key resistance stage.
On-chain flows and market chatter recommend this isn’t random. As AMBCrypto reported, Trump’s media firm purchased 2% of CRO provide, injecting $105 million into the market and fueling the rally.
Supply: TradingView (CRO/USDT)
Cronos now faces a key check.
After peaking at $0.38, the altcoin retraced practically 25% however discovered a base by week’s finish. If assist holds, it might arrange for a bullish continuation.
Wanting forward, with risk-off sentiment in play and rotation flows shaping up, a break above resistance ranges might put CRO again in bullish territory subsequent week.
Pyth Community [PYTH] — Reclaims its Q2 resistance zone
Pyth Community [PYTH] locked the second spot in weekly gainers, up 48% from its $0.12 open. And it wasn’t a fluke. The information of U.S. authorities use of the Pyth Community for macro datasets drove shopping for strain.
Like CRO, PYTH had been coiling beneath $0.15, however the announcement sparked a 99% spike on the twenty eighth of August, breaking Q2 resistance and hitting $0.25.
Momentum cooled rapidly, although. PYTH closed the week up 47%, retracing about half of its beneficial properties to $0.18. Now, it’s a query of whether or not that is only a cooldown or the beginning of a post-hype retrace.
A deeper pullback might convey PYTH again to its prior range-bound part, making on-chain metrics like quantity and liquidity flows essential for gauging the subsequent transfer.
Story [IP] — Its longest each day candle
Story [IP] got here third on the weekly leaderboard, rallying 21.5% from its $0.62 open. A key divergence in its worth motion reinforces IP’s relative energy towards friends, which might set the stage for its subsequent leg up.
Not like hype-driven pumps, IP’s transfer was supported by fundamentals, notably its DeFi flows. In underneath 24 hours, whole worth locked (TVL) jumped 12% to $25 million, signaling real investor engagement.
The end result? On the thirtieth of August, IP pushed practically 30% to $9.39, printing its longest month-to-month candle since Q1 and coming into worth discovery. Consequently, a retrace was pure.
Nevertheless, the pullback to $7 appears to be like like a wholesome reset, providing a possible high-conviction entry for the subsequent rally.
Different notable winners
Outdoors the majors, altcoin rockets stole the highlight this week.
Austin Capitals (AUX) led the cost with a 186% surge, adopted by BNB Attestation Service (BAS), which climbed 135%, and WOLF (WOLF), rallying 113% to spherical out the leaderboard.
Weekly losers
Pendle [PENDLE] — DeFi protocol erased two weeks of beneficial properties
Pendle [PENDLE] topped the weekly losers, down 17.9% from its $5.90 open, printing its first crimson weekly candle of the month and signaling an overheated setup.
From a technical perspective, PENDLE reveals combined momentum.
Since Q1, it’s put in 4 increased highs, the most recent hitting $6.80 in late August. On the identical time, it has fashioned three decrease lows since June, indicating some short-term distribution.
Supply: TradingView (PENDLE/USDT)
The truth is, this mixture of upper highs and better lows factors to consolidation, with merchants probably digesting current beneficial properties earlier than the subsequent leg. Which means a short-term drawdown might play out.
That stated, the construction suggests PENDLE might flip this pullback right into a assist zone by mid-September, turning the dip into a possible accumulation level forward of the subsequent leg up.
Aerodrome Finance [AERO] — Bullish streak snapped
Aerodrome Finance [AERO] retraced practically 19% from its $1.40 open, ending its three-week bullish streak and printing the longest weekly pullback in over 5 months.
The transfer got here after AERO retested the $1.50 stage, marking a key provide zone final touched in Q1, triggering a pointy pullback to $0.40. Bulls bumped into overhead resistance right here, capping short-term upside.
Whereas a backside isn’t confirmed but, the construction units up a possible brief squeeze, and a break above $1.50 might set off a contemporary leg increased if consumers step in.
Lido DAO [LDO] — Failed to interrupt resistance
Lido DAO [LDO] closed the week because the third-largest loser, down 14% from its $1.40 open. After two weeks of sideways consolidation, this pullback added directional bias, placing sellers in management.
The altcoin printed three decrease lows, with every bounce failing into resistance. It’s a clear signal that asks are dominating the orderbook and bears stay in management.
Not like AERO, LDO’s transfer reveals erratic worth motion, signaling a risk-off sentiment. A rebound off $1.20 can be untimely; if this construction holds, LDO might retest $1 earlier than trying to reclaim the $1.60 provide wall.
Different notable losers
Within the broader market, draw back volatility hit laborious.
WayFinder (PROMPT) led the losers with a 46% drop, adopted by Troll (TROLL), down 45%, and Huobi (HT), which slipped 43% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Large pumps, sharp dips, and nonstop motion. As at all times, keep sharp, do your personal analysis, and commerce sensible.
