The new year started with a bang, but the excitement didn’t last long.
After a strong first week, the crypto market has fallen back into its all-too-familiar cycle of ups and downs. Bitcoin [BTC] and Ethereum [ETH] both made negligible moves, with weekly losses of 0.95% and 1.60%.
So how did the rest of the market hold up?
Weekly winners
Polygon [POL] – Usage numbers skyrocket
What makes POL’s rally stand out is that the network didn’t flinch while the price took off. Daily active addresses held steady through early January, with transactions climbing in step with other major EVM chains.
Polygon [POL] pushed nearly 50% higher in a short span, breaking out cleanly with expanding volume. RSI was overbought, and capital didn’t rush out yet.
As long as activity stays firm and users keep showing up, the move up is set to go much higher.
Virtuals Protocol [VIRTUAL] – Hitting supply with little panic selling
After a run-up, Virtuals Protocol [VIRTUAL] price action has slowed down too. However, this looks like momentary trouble, with gains of 22% posted at press time.
The coin pulled back after a high-volume supply zone just above the $1.05-$1.10 range.
Volume Profile data showed heavy prep around the $1.00 mark, which may be why price stalled and slipped instead of pushing straight through.
Importantly, this wasn’t a breakdown. RSI hit 63 at the time of writing, which means momentum was slowing without giving in. Price held well above the $0.85 support zone, where earlier demand stepped in.
For now, it may be consolidation under resistance.
JasmyCoin [JASMY] – Rose and stopped just as fast
JasmyCoin [JASMY] had a strong week, going from the $0.0065 region and pushing above $0.0095 before slowing down. The surge came with higher volume, which means the rally had real substance and is likely to hold.
Since then, price has started to go sideways in a tight range, so the market is probably taking a moment to assess after the run.
RSI was elevated and MACD was in positive territory, so bullish momentum was intact. As long as JASMY holds above the $0.0065-$0.0067 support zone, it is expected that the coin will consolidate.
