Key Takeaways
MemeCore [M], Four [FORM], and CONFLUX [CFX] led the week with sharp price surges. In contrast, Fartcoin [FARTCOIN], Bonk [BONK], and Virtuals Protocol [VIRTUAL] saw significant decline.
This week in crypto saw a sharp market pullback.
Bitcoin [BTC] dipped below $113,700 and Ethereum [ETH] slipped over 5%, driven by weak U.S. jobs data and rising recession fears.
Meanwhile, ETFs saw major outflows, ending a strong inflow streak. In policy, the U.S. unveiled a 160-page crypto report.
And yet, the standout volatility came from the memecoin sector, underscoring its high-beta, speculative character.
Weekly winners
Memecore [M] — Memecoin blockchain posted a sharp bullish reversal
MemeCore [M] dominated the charts this week with a clean 35%+ move off its $0.32 base. In fact, it snapped a two-week bleed where it dumped over 50% from its $0.07 ICO level.
The week kicked off with a textbook retest of the $0.30 support after a brutal 29% drawdown the week prior.
From there, bulls stepped in hard. M saw a 42% intraday rip on the 2nd of August that sent it smashing through the $0.45 resistance. Despite the surge, RSI stayed below overheated territory.
Source: TradingView (M/USDT)
But things cooled quickly near $0.70.
That level acted like a supply wall, triggering sell pressure and trimming gains into the weekly close.
Still, M made back nearly all of its recent losses and reclaimed bullish structure, definitely one to watch if it consolidates above $0.45.
Four [FORM] — Community-governed asset repeated a key pattern
Four [FORM] wrapped the week as the second-highest gainer, notching a clean 20% move and printing a high wick up to $4.
While it’s since pulled back to around $3.70, it’s still holding above the key $3.60 level which is a spot that acted as stiff resistance for the past two weeks.
This kind of S/R flip suggests solid bid support underneath. Bulls are clearly defending that level, and if this zone continues to hold, it could set the stage for a proper breakout setup.
Technically speaking, if FORM can build acceptance above $3.80 on strong volume, it opens the door for a breakout toward new local high, making it the altcoin to monitor going into next week.
Conflux [CFX] — Public Layer-1 blockchain attracted strong bid support
Conflux [CFX] is gaining ground fast, clocking a 15% weekly move off its $0.18 open, landing it back in the top gainers for the second week straight.
Interestingly, CFX was last week’s breakout leader but ended up closing down nearly 15% at $0.15, as spot demand didn’t follow through and longs got wiped out hard.
This week looks stronger. The daily chart is flashing solid demand, with CFX breaking the $0.20 resistance at press time. But bulls still need a clean break above the $0.25 mark to lock in the breakout.
Until then, it’s at a make-or-break level. Keep an eye — CFX is coiling at a key inflection zone.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
TROLL [TROLL] led the charge with a staggering 228% rally, fueling an explosive memecoin breakout. League of Kingdoms [LOKA] followed with a 127% gain, while Pepe Bundle [PUNDLE] surged 73%, respectively.
Weekly losers
Fartcoin [FARTCOIN] — Memecoin extended its weekly decline
Fartcoin [FARTCOIN] printed its worst weekly close since March. It has slipped 29% off its $1.30 open and ended the week around $0.93. That makes it the biggest loser on the board.
In fact, the move nuked all the progress it had made clawing out of its months-long range. The $1.60 rejection level from late May is now looking like a firm ceiling.
To make matters worse, FARTCOIN flipped its weekly MACD bearish for the first time, signaling that downside momentum could linger heading into next week.
Source: TradingView (FARTCOIN/USDT)
In that case, a retest of the $0.75 demand zone is back on the radar. That level acted as a springboard in the June–July run, lining up with a bullish MACD flip back then.
This time, though, the setup looks weaker.
With MACD crossing bearish and momentum fading, a breakdown below $0.75 wouldn’t be a shock. And as it stands, a clean bounce from here feels unlikely unless fresh bids show up fast.
Bonk [BONK] — Meme asset posted its worst weekly close of the quarter
Bonk [BONK] pulled back 24.6% this week from its $0.000033 open, making it the second-biggest loser.
After a strong Q2 run, this is BONK’s first red weekly candle, snapping a five-week streak of higher highs that finally saw it break through the $0.000040 mark.
Technically, the structure isn’t broken.
The broader market flipping risk-off dragged BONK with it, but the trend still holds for now. The last three daily candles are showing signs of range-building around the $0.000025 level.
If this base holds and flows return, BONK might be setting up for a re-entry, especially if we see volume pick up near that support.
Virtuals Protocol [VIRTUAL] — Digital layer failed to hold key support
Virtuals Protocol [VIRTUAL] wrapped the week with a rough 24% drop from its $1.60 open, landing it among the top weekly losers.
While it’s seen sharp pullbacks before, this one hit harder. It broke clean below the $1.70-$2.00 range it had been holding for weeks.
The breakdown dragged VIRTUAL all the way to $1.12 which flips the chart structure decisively bearish. This move invalidates the prior range and confirms sellers are in control.
Even though it saw a brief 4.54% intraday pop, price is struggling to get traction above the $1.20 zone. Without clear demand, that bounce looks more like relief than any kind of trend reversal.
Other notable losers
In the broader market, downside volatility hit hard.
Radix [XRD] led the losers with a 38% drop, followed by Graphite Protocol [GP], down 36.7%, and Tokenize Xchange [TKZ], which slipped 36.6% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
