This week, the crypto market was mixed.
Bitcoin traded sideways while several altcoins saw strong price swings. A handful of tokens posted solid weekly gains, while others extended their losses after failing to hold key support levels.
Overall, the week was driven by technical rallies, profit-taking, and continued rotation into select altcoins.
Weekly winners
Lido DAO [LDO] nears a key resistance zone
Lido DAO [LDO] led this week’s movers with a 16% rally. Notably, this comes after two straight weeks of upside, pushing LDO’s total gains to 25%. In just 21 days, the token has delivered a solid 40%+ recovery.
Why does this matter? Despite the recent move higher, LDO’s RSI is still far from the extreme overbought zone. This shows the rally has not yet entered a crowded phase, leaving room for further upside if momentum continues.
Technically, this suggests LDO’s move is more than just a random pump. The rally follows a sharp June sell-off, where LDO dropped toward $0.20 and broke below its Q1 lows. The current recovery shows buyers are stepping back in and attempting to reverse the previous downtrend.
If this momentum continues, a breakout toward the $0.40 resistance zone could be on the table.
For context, LDO faced heavy selling pressure around this level during Q1, making it a critical area for bulls to reclaim. A successful breakout could strengthen the recovery narrative, while another rejection may trigger a period of consolidation as traders reassess the next move.
Is Pump.fun [PUMP] still far from reaching full FOMO?
Pump.fun [PUMP] emerged as the second-biggest weekly winner with a 13% rally. While the RSI remains neutral and PUMP has seen strong trading volume in recent sessions, calling this a full-fledged breakout setup may still be too early.
For over two months, PUMP has been trading below the key $0.002 resistance zone, making this the most important level for bulls to reclaim. However, every weekly push higher has so far been followed by a sharp cooldown phase, showing that accumulation is still not strong enough to support a larger breakout.
In short, though, PUMP is showing early signs of recovery, the structure still needs confirmation. Until buyers can consistently defend higher levels and break through the $0.002 resistance, the token remains in a consolidation phase rather than a confirmed breakout trend.
Venice Token [VVV] sees a much-needed weekly relief rally
Venice Token [VVV] took the third spot this week with a 12.3% rally. For VVV, this could be one of its most significant weeks since mid-Q2. From a technical standpoint, VVV has been stuck in a consistent downtrend over the past eight weeks, with every weekly close ending in the red.
However, this week’s gains have clearly pushed VVV back into the spotlight. More importantly, the recovery came right after VVV broke below the key $10 support level, suggesting buyers stepped in at a critical zone. In this context, the rally looks more strategic, with bulls attempting to defend lower levels and build a recovery base.
If this trend holds, VVV could have started its recovery phase. The next key challenge sits around $15, which will determine whether this rebound can turn into a stronger reversal or remain just a short-term relief rally.
Other notable winners
Outside the majors, altcoin movers also stole the spotlight this week.
IOTA [SN9] led the market with a staggering 5,267% gain, followed by Akedo [AKE], which surged 874%, while TENDIES [TENDIES] climbed 615%, rounding out the week’s top performers.
Weekly losers
Lighter [LIT] enters a textbook cooldown phase
Lighter [LIT] led this week’s losses with a 16% decline. While LIT has seen similar pullbacks after strong weekly rallies since its mid-May breakout, this correction could be slightly different.
Notably, LIT’s drop comes after three straight weeks of upside, where the token rallied over 60% and reached a new all-time high of $2.70. More importantly, the breakout followed a successful retest of the $2 resistance zone, showing bulls were stepping in at key levels, a trend that has supported LIT’s Q2 rally.
However, this time, the RSI had climbed above 70, signaling an overheated move. The pullback toward 52 shows momentum has cooled, but it also suggests the market is resetting rather than losing strength.
Technically, however, this marks LIT’s strongest RSI pullback since its Q2 rally. In essence, this cooldown could become an important setup for LIT’s next move. If buyers step back in and the RSI starts recovering, this reset could fuel another upside attempt.
Otherwise, this could be the first real sign that LIT has formed a local top.
Pi Network [PI] broke below a key support zone
Pi Network [PI] emerged as the second-biggest loser this week with a 2.7% decline. While the drop looks modest compared to Lighter’s double-digit losses, PI’s chart looks much weaker, pointing to a stronger bearish bias.
Notably, this marks PI’s fourth straight week of losses. More importantly, the token broke below the key $0.10 support level, putting any near-term bounce under renewed selling pressure and printing a fresh all-time low.
Technically, PI remains firmly in a bearish structure. While the RSI has dropped into oversold territory, that alone doesn’t guarantee a recovery. Unless buyers reclaim the $0.10 level, any bounce could simply be a short-term relief rally rather than the start of a trend reversal, keeping PI as one of the weaker charts in the market right now.
Are Arbitrum [ARB] bulls losing their upper hand?
Arbitrum [ARB] took the third spot among this week’s biggest losers. Unlike PI, however, ARB’s chart hasn’t fully shifted into a bearish structure. The pullback comes after two straight weeks of gains, during which the token rallied more than 25%.
However, this week’s decline followed ARB’s failure to break above the key $0.10 resistance zone, a level that has capped price since the early May cycle. The rejection shows bulls are still struggling to reclaim this area, allowing sellers to regain short-term control.
Technically, ARB is at an important inflection point. If bulls can reclaim the $0.10 resistance zone, the recent pullback could turn into a healthy retest. Otherwise, continued rejection at this level may keep ARB stuck in a broader consolidation phase and hand bears the upper hand in the near term.
Other notable losers
In the broader market, downside volatility hit hard.
Cash Cat [CASHCAT] led the losers with a 72% decline, followed by LAB [LAB], which fell 66.5%, while ETHGas [GWEI] dropped 53.3% as bearish momentum intensified.
Conclusion
This week was a rollercoaster for crypto. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary
- Lido DAO [LDO], Pump.fun [PUMP], and Venice token [VVV] led the week in gains.
- Lighter [LIT], Pi network[PI], and Arbitrum [ARB] saw significant declines.
