Crypto markets stayed under pressure this week.
Bitcoin [BTC] and Ethereum [ETH] extended their weak performance, with risk appetite remaining subdued amid persistent macro uncertainty.
While major cryptocurrencies struggled to gain traction, capital rotated into a handful of low-cap altcoins, fueling triple-digit rallies in select tokens even as broader market sentiment remained cautious and profit-taking accelerated across many large-cap assets.
Weekly winners
Velvet [VELVET] – Emerging ecosystem topped the board with triple-digit gains
Velvet [VELVET] emerged as the biggest weekly gainer, rallying 235%. With the token now closing in on its $1.80 all-time high, a short-term cooldown wouldn’t be surprising after such a sharp move.
Backing this up, the RSI has pushed deep into overbought territory, suggesting profit-taking could kick in. That said, price history suggests the rally may not be over just yet. After a 157% rally in early June, VELVET continued pushing higher over the following three weeks, showing that buyers remained firmly in control despite overbought conditions.
This week’s move also comes after a lengthy consolidation phase. Following its previous run to $1.80, VELVET spent weeks ranging around the $0.50 level before finally breaking out. That kind of base-building usually adds more strength to a breakout than a straight vertical move.
In short, both the daily and weekly charts still favor the bulls. While a brief pullback or consolidation would be healthy, the broader trend remains intact. If buying pressure holds up, a break above the $1.80 all-time high looks increasingly likely, putting the $2 level firmly in focus.
DeXe [DEXE] – Decentralized protocol reinforced steady bullish continuation
DeXe [DEXE] came in as the second-biggest weekly gainer, climbing 60%. More importantly, the token has reclaimed the $22 level for the first time since Q4 2021, meaning a large portion of long-term holders who had been underwater are finally back in profit.
Normally, that would increase the chances of profit-taking. However, DEXE’s recent price action suggests the bulls are still in control. After pulling back for three straight days, the token bounced nearly 4% in under 48 hours, showing buyers are quickly absorbing selling pressure.
That dip-buying behavior keeps the broader uptrend intact. If the current momentum continues, a break above $25 could trigger another leg higher as fresh buyers pile in and existing holders become less willing to sell. In that scenario, the $30 level becomes the next logical upside target.
Audiera [BEAT] – Entertainment token surged sharply on a classic short squeeze
Audiera [BEAT] rounded out this week’s top three gainers with a 45% rally. What’s more interesting is that this comes just one week after the token crashed nearly 70%. That kind of reversal is usually a sign that buyers have stepped back in aggressively after an oversold move.
The sharp sell-off also appears to have flushed out excess leverage and shaken out weak hands. On top of that, the RSI has cooled back toward the neutral zone, giving BEAT more room to move higher.
The next level to watch is $2.50, which now stands as the key resistance. A break above it could quickly open the door for a move back toward $3. But it won’t be easy, BEAT’s 3% intraday pullback shows sellers are still defending that area. If they do, BEAT could spend some more time consolidating before making another breakout attempt.
Other notable winners
Outside the majors, altcoin movers also stood out this week.
Cortex [CX] led the action with a +2710% move, followed by Biconomy [BICO] surging +246%, while Synapse [SYN] climbed +186%, rounding out the list of biggest movers.
Weekly losers
MemeCore [M] – Meme token saw a massive crash this week
MemeCore [M] ended the week as the biggest loser, crashing 70% after reports of insider manipulation triggered a wave of panic selling. The move almost perfectly mirrors Audiera’s 70% collapse from last week, setting up an interesting reversal setup to watch.
Technically, the damage has been significant. M lost the $1 support and has now retraced back to the $0.60-$0.65 area, effectively erasing its post-October rally. The sharp decline has also pushed the RSI deep into oversold territory, showing sellers may be getting exhausted after such an aggressive flush.
The positive is that the crash has also cleared out most of the excess leverage. As AMBCrypto reported, nearly $8 million in long positions were liquidated, alongside a wave of short liquidations. That kind of reset usually gives price a better chance to build a base instead of continuing a leveraged sell-off.
The next question is whether M can pull off a BEAT-style rebound.
So far, the chart is showing early signs of stabilization. MemeCore has spent the last 48 hours trading around the $0.65 level, suggesting buyers are starting to absorb the selling pressure. It’s still too early to call a bottom, but if this consolidation continues, a relief bounce becomes much more likely.
For now, volume is the chart to watch. A pickup in buying volume while price holds above $0.65 would be the first real sign that the bulls are trying to take back control.
Worldcoin [WLD] – Crypto project retraced back to a key support level this week
Worldcoin [WLD] finished as the second-biggest weekly loser, falling 26%. Unlike MemeCore’s panic-driven sell-off, though, WLD’s decline looks more like a healthy cooldown after a strong multi-week run.
From a technical lens, WLD had rallied for five straight weeks. That move put plenty of STHs into profit, so profit-taking was always on the cards. The only concern is momentum. Even after the five-week rally, the RSI never pushed into overbought territory, suggesting the uptrend wasn’t backed by strong buying pressure.
That’s now showing up on the chart. On the daily timeframe, WLD has posted six straight days of pullbacks, dragging price back toward the $0.40 support area. If selling pressure continues and support gives way, a deeper correction could be next before the bulls return.
Steller [XLM] – Payments-focused blockchain failed to show strong bullish conviction
Stellar [XLM] finished as the third-biggest weekly loser, dropping 18.5%. Like Worldcoin, XLM’s daily chart has been under steady selling pressure, with the token extending its losing streak to 11 consecutive days, keeping the short-term trend firmly bearish.
On the weekly chart, though, the picture is a bit more interesting.
Last week’s 9% rally came after two straight weeks of selling that knocked nearly 30% off the price, with buyers stepping in around the $0.25 level. This week, however, that support failed to hold. Unless XLM can quickly reclaim $0.25 and start building a base, the risk of a deeper correction remains elevated.
If the current structure stays intact, XLM could retrace a large chunk of its two-month rally, with $0.15 emerging as the next major support to watch. Until buyers show up and confirm a bottom, the chart continues to favor the bears.
Other notable losers
In the broader market, downside volatility hit hard.
Humanity [H] – 71% drop, followed by Biconomy [BICO] falling 68.5%, and Yei Finance [CLO] slipping 42.2%, 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
- Velvet [VELVET], DeXe [DEXE], Audiera [BEAT] led the week in gains.
- MemeCore [M], Worldcoin [WLD], Steller [XLM] saw significant declines.
