The crypto markets had a volatile week.
FUD dominated headlines after Drift Protocol suffered a $280 million exploit. Regulation also came into focus, while stablecoins were a bright spot, attracting $1.24 billion in weekly inflows.
Big picture: This week was about risk, regulation, and resilience. Amid this environment, a few select coins still managed to pull off significant rallies, while others suffered massive losses.
Weekly winners
Algorand [ALGO] – L1 blockchain defended a key level, preventing a deeper downside
Algorand [ALGO] emerged as this week’s standout performer, posting a 43.85% weekly gain. What makes this move particularly interesting is the context.
After suffering around 15% losses in Q1, ALGO kicked off Q2 with a 14.23% single-day spike, breaking out of a three-month-long consolidation below the $0.10 mark.
From a charting perspective, the breakout was even more telling. Four straight daily candles pushed ALGO above $0.12, triggering a short squeeze that caught many bearish positions off guard.
Naturally, the big question is, can ALGO keep this momentum rolling in the weeks ahead?
From a technical angle, the bulls aren’t completely in control yet. ALGO is down about 6% in less than 48 hours, and the pullback is underscored by the RSI rolling over after hitting a multi-month high above 80, classic overbought territory.
According to AMBCrypto, this cooldown makes sense. ALGO is bumping into resistance around $0.12, a level that held back the price back in mid-January.
Bears are clearly eyeing this overhead supply zone, and unless the bulls defend it, continuing this rally looks like an uphill battle.
DeXe [DEXE] – Decentralized token held uptrend, reinforcing bullish conviction
DeXe [DEXE] claimed the second spot this week with a 26.05% rally, showing a more resilient price structure than ALGO.
From a technical perspective, this week’s gains are a part of a textbook bullish continuation pattern, indicating steady demand and strong underlying support.
In the context of the wider crypto market, DEXE’s performance clearly stands out.
Therefore, crossing $10 and moving toward $15+ could be DEXE’s next key move. When an altcoin pushes past resistance after sustained demand, it often attracts more buyers.
If this trend continues, DEXE is shaping up to be one of the most bullish setups in the altcoin space right now.
Venice Token [VVV] – AI protocol nears key resistance, eyeing breakout or rejection
Venice Token [VVV] grabbed the third spot this week with a 21.17% rally.
However, the real test for its resilience is just getting started. The altcoin has held a solid bullish structure, with four lower highs since February, each met with a higher low, building support and triggering small rebounds along the way.
That said, higher highs haven’t formed since VVV hit resistance around $8.5. Since breaking below that level, it has failed twice to reclaim it, and on the 4th of April, the token pulled back, showing bears are creeping back in.
A clean breakout above $8.5, therefore, will be key for bullish continuation into next week.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
ONFA [OFT] led the charge with a 112% jump, followed by Layer3 [L3] climbing 110%, while Arkblock [ABT] rounded out the leaderboard with a strong 74% gain.
Weekly losers
Siren [SIREN] – Trading protocol retraced, giving back 100% of its prior gains
Siren [SIREN] ended the week as the biggest loser, plunging 67.64%, and the timing couldn’t have been worse for traders riding its recent rally.
On the weekly chart, this week’s losses extend last week’s 23.58% drop, and over just two weeks, SIREN has erased 100% of the gains from its mid-March 290% surge to $4.7.
From a technical standpoint, this is a textbook cooldown phase following an extreme rally, where profit-taking often dominates price action.
Naturally, the question for traders is whether this is simply a hype-driven correction that will attract buyers back into the market or if it marks the start of a deeper downside phase as selling pressure overwhelms the remaining bullish momentum.
Currently, the first scenario looks more likely.
The daily chart shows bulls stepping in, with a 270% move on the 4th of April, followed by a 6% intraday bounce, and the RSI pulling back from overbought territory.
If this momentum holds, near-term resistance could be around $2, giving buyers a chance to regain control.
Midnight [NIGHT] – Privacy token saw bears regain control, pushing momentum lower
Midnight [NIGHT] ended the week as the second biggest loser, down 15.47%.
Looking at the weekly chart, this pullback wipes out last week’s 14.73% gain, meaning NIGHT has erased all its recent upside.
Even with the prior rally, the token couldn’t break through the $0.05 zone, showing that bulls are struggling to sustain momentum.
From a psychological standpoint, $0.05 naturally becomes a key resistance, and unless buyers step in aggressively, NIGHT risks testing the $0.04 floor, a level it hasn’t touched since Q4 2025.
How the token behaves around this support will likely set the tone for the next few weeks.
Ethena [ENA] – Synthetic dollar protocol reinforced a bearish market structure
Ethena [ENA] came in as the third biggest weekly loser, falling 13.37%.
Unlike some other coins, ENA’s decline this week carries real significance. The altcoin has been printing back-to-back lower lows, and this week’s pullback pushed it even further away from the $0.10 level, signaling that the bearish momentum is still very much in play.
From a technical standpoint, the daily structure reinforces the downtrend, and unless strong support emerges soon, ENA risks testing lower floors in the near term.
Other notable losers
In the broader market, downside volatility hit hard.
Core [CORE] led the losers with a steep 66% drop, followed by BabyBoomToken [BBT] falling 48%, and Cysic [CYS] slipping 42% 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.
Final Summary
- Algorand [ALGO], DeXe [DEXE], and Venice Token [VVV] led the week in gains.
- Siren [SIREN], Midnight [NIGHT], and Ethena [ENA] saw significant declines.
