- Top weekly movers: SPX6900 [SPX], Worldcoin [WLD], and Hyperliquid [HYPE] saw extreme price surges.
- Top weekly losers: Pyth Network [PYTH], Story [IP], and EOS [EOS] took serious hits.
Ah, the crypto market! A place where fortunes are made and lost faster than you can say “blockchain.” This week, Bitcoin [BTC] decided to throw a party, soaring to a new all-time high above $111k, only to be met with the grim reaper of macro instability, who swiftly reintroduced a risk-off sentiment. 🎭
But fear not! Capital didn’t flee like a scared cat; it merely flowed selectively into pockets of strength, keeping certain sectors well bid. A true spectacle of financial acrobatics!
Weekly winners
SPX6900 [SPX] – Memecoin holds the line on short-term hype
SPX6900 [SPX] claimed the top weekly gainer spot with a near 30% surge in valuation. It opened the week with a bearish 2.10% drop, closing at $0.0743, but then, like a phoenix rising from the ashes, it rallied 25% over three consecutive days. 🦅
However, on the 23rd of May, SPX capitulated to market-wide FUD, suffering a sharp 5.09% single-day correction before consolidating tightly around the $0.85 level. Volume dropped 55.84%, signaling that the short-term hype might be fading faster than a magician’s rabbit. 🐇
Worldcoin [WLD] – Utility token catches a mid-week rebound
Worldcoin [WLD] posted a strong 20.38% weekly gain, fueled by risk-on market sentiment. On the 22nd of May, WLD broke key resistance at $1.30 with a sharp 26.91% intraday surge, closing at $1.51 – a two-month high. 🎉
But hold your horses! Following the breakout, the price retraced to retest the $1.30 level amid broad market FUD. The critical factor now is whether $1.30 holds as a support zone, backed by increasing spot volume. If confirmed, WLD could be on the path to glory! 🌟
Hyperliquid [HYPE] – DeFi challenger squeezes out the bears
Hyperliquid [HYPE] has secured a top-three spot, underpinned by strong technical momentum and bullish market dynamics. After bottoming at $9.32 in mid-April, HYPE embarked on a clear linear uptrend. 📈
It was supported by sustained buying pressure that systematically squeezed short positions and triggered sizable liquidity sweeps. The recent weekly breakout saw a surge of short-covering activity as HYPE tested its mid-February resistance near $27. 🐻💨
Sure, the overbought RSI suggests potential for a local cooldown. However, HYPE’s dominance on the daily gainer board signals otherwise. Its momentum remains firmly in bull territory. 🐂
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week. Collatrize [COLAT] led the charge with a staggering 160.7% surge, easily dominating the leaderboard. Efinity [EFI] wasn’t far behind, posting a 135.5% jump, while Moonpig [MOONPIG] rallied 101.6%. 🚀
Weekly losers
Pyth Network [PYTH] – Oracle token caught in a tug of war
Pyth Network [PYTH] is slipping further down the slope, topping this week’s losers with a sharp 19.27% drawdown. The drop wasn’t gradual, either. It opened the week with an 11.92% single-day plunge, dragging the price down to $0.13 and marking its lowest level in a month. 😱
Yet, even at these depressed levels, buyers stayed on the sidelines, showing little appetite for risk. What followed was a low-volume chop, forming a textbook compression range.
Typically, such a pattern is often a prelude to a volatile breakout or breakdown. However, given the muted on-chain flows and lack of bullish defense, the bias leans bearish. If bulls fail to reclaim the initiative soon, PYTH could break lower, targeting the $0.10 zone. 🐢
Story [IP] – Internet protocol token regains bullish support
Story [IP] wrapped the week with a 13.39% drawdown, claiming the second spot on the weekly losers board. But there’s more to this chart than just red candles. 🔴
Technically, the token is still holding a higher-timeframe structure. After opening with a 5.09% drop and two consecutive days of downside pressure down to $4.44, bulls stepped in with a quick 5.33% bounce. But alas, the relief was short-lived as macro FUD kept upside capped. 📉
Eos [EOS] – 3rd-gen blockchain slips deeper into decline
Eos [EOS] extended its weekly losing streak with a near 10% slide, placing it among the top underperformers once again. After opening the week with a 4.09% dip to $0.75, EOS was denied a breakout just shy of the psychological $1.00 level. 😩
But zoom in, and signs of life are emerging. EOS has posted a 3.5% rebound over the past 48 hours, with buyers stepping in near the $0.80 zone – a level now acting as a possible local floor. If this bounce turns into a higher low and volume ticks up, it could trap late shorts and fuel a short-term squeeze. 🔄
Other notable losers
In the broader market, downside volatility hit hard. Hot Mom [HOTMOM] led the weekly losers with a steep 61.4% retracement. APF Coin [APFC] and NEM [XEM] followed closely, sliding 44.6% and 38.2%, respectively. 😬
Conclusion
Crypto brought chaos again this week — big gains, tough losses, and nonstop swings to keep traders guessing. Remember: DYOR before jumping in. Stay sharp, trade smart, and ride the waves wisely! 🌊
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2025-05-25 22:21