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02/10 08:21

Crypto market's weekly winners and losers – MANTRA

Crypto market's weekly winners and losers – MANTRA, HYPE, WIF, VIRTUAL

The crypto market displayed contrasting dynamics this week, with established tokens showing resilience while meme-themed assets faced significant selling pressure.

This week’s movements highlight the growing disparity between different market segments and the continued evolution of investor sentiment.

Biggest winners

MANTRA [OM]

MANTRA [OM] continued its impressive run, securing the top spot for the second consecutive week with a 16% gain as prices climbed from $5.10 to $5.97.

The token’s sustained momentum demonstrated remarkable strength in a typically volatile market.

The week opened with OM finding support at $5.10 before staging a decisive breakout on the 4th of February that pushed prices above $5.75.

Following a brief consolidation phase, buyers remained in control, maintaining the token’s upward trajectory.

Trading volume has been particularly noteworthy, reaching 5.74M OM, suggesting strong institutional interest in the rally.

From a technical perspective, MANTRA continued to trade well above both its 50-day (4.2736) and 200-day (2.4329) moving averages, confirming the robust bullish trend.

The MACD indicator showed positive momentum with readings at 0.0799, while the divergence between the signal and MACD lines suggests the potential for further upside.

Today’s trading shows continued strength, with a 1.98% gain as the token consolidates near $5.97.

What’s particularly impressive is the token’s ability to maintain its upward momentum for two consecutive weeks, a rare feat in the crypto market.

The price action displays a series of higher lows and higher highs, indicating sustained buyer conviction.

While some consolidation might be expected after such an extended run, the strong volume profile and technical indicators suggest this rally could have further room to run.

The key support level to watch is $5.75, which should provide a foundation for any retracements.

Hyperliquid [HYPE]

Hyperliquid [HYPE] has secured its position as this week’s second-best performer, climbing from $22.50 to $23.75 for a modest 3% gain. The token’s price action showcases a measured recovery following early-week volatility.

The week’s trading began with HYPE finding its footing at $22.50 before initiating a steady climb that pushed prices toward $27.00.

The 5th of February saw particularly active trading, with the token testing higher levels before encountering selling pressure. While profit-taking pulled prices back from these highs, the overall trend remained constructive.

Recent price action shows HYPE consolidating above $23.50, with buyers emerging during dips to support the token’s upward trajectory.

The methodical nature of the recovery, characterized by higher lows and sustained buying interest during pullbacks, suggests the potential for further gains. However, the $24.00 level remains a key resistance zone to watch.

Tether Gold [XAUt]

Tether Gold (XAUT) has posted a steady performance this week, rising from $2,800 to $2,865, securing a 2% gain amid increasing interest in digital gold tokens.

The token’s price action mirrors physical gold’s stability while offering blockchain efficiency. Though a commodity-backed stablecoin, it saw a better price movement than most of the other digital assets.

The week opened with XAUT finding support at $2,775 before initiating a methodical climb through the $2,800 level.

A notable surge on the 5th of February pushed prices above $2,850, establishing a new support zone.

The advance demonstrated particular strength on the 7th of February, briefly touching $2,900 before settling at current levels.

Recent trading showsed XAUT consolidating around $2,865, with remarkably tight price action suggesting strong market equilibrium.

The measured pace of the advance, coupled with consistent trading volumes, indicated genuine institutional interest rather than speculative activity.

While the token maintained its upward bias, the $2,900 level represented immediate resistance for further gains.

Top 1,000 gainers

Beyond the top performers, the broader crypto market showed significant activity, with Fartboy [FARTBOY] leading the top 1,000 tokens with a 386% surge.

Following closely, SwarmNode.ai [SNAI] and ANDY BSC [ANDY] posted impressive gains of 249% and 159%, respectively.

Biggest losers

dogwifhat [WIF]

On the opposite end of the spectrum, dogwifhat faced significant headwinds, emerging as this week’s biggest loser. Its value declined from $1.05 to $0.703, recording a steep 30% decline.

The token’s descent marks the second consecutive week that a memecoin has led the market’s losses, following Pudgy Penguins’ [PENGU] dramatic fall last week.

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