Notable weekly fluctuations: Kaia [KAIA], Sei [SEI], Bitcoin Cash [BCH] led with significant price jumps.
The cryptocurrencies that depreciated the most: AB [AB], SPX6900 [SPX], Fartcoin [FARTCOIN] suffered significant declines.
This week witnessed significant tension fluctuations in the cryptocurrency market, as macro FUD (Fear, Uncertainty, Doubt) loomed ominously. The market remains resilient, with Bitcoin [BTC] around the $100K mark, while the U.S. Congress progresses with the GENIUS bill to regulate stablecoins.
During this time, the Federal Reserve kept interest rates unchanged, causing mixed reactions in risk assets. This uncertainty triggered strong rallies in small and medium altcoins, while meme tokens suffered the largest losses of the week.
Winners of the week
Kaia [KAIA] – A Web3 chain reaching a 5-month peak
Kaia [KAIA] leads with a 17.6% increase this week, starting from a price of $0.15.
While the new week started slowly with only 1.76%, the context changed significantly. KAIA ended the previous week down 16% due to a breakout failure above $0.18.
However, from June 18 to 29, the upward momentum became pronounced. A 23% price increase drove a short-term squeeze, with liquidity concentrated at the highs, pushing KAIA past the resistance of $0.20.
This marks a 5-month high, predicting a potential trend reversal after an extended accumulation period.
Source: TradingView (KAIA/USDT)
However, maintaining this momentum has faced difficulties.
This uptrend is consistent with macro-induced volatility, causing a shift to lower-risk assets. KAIA dropped nearly 10% in just 2 days, falling below the support level of $0.18, a price that previously acted as resistance.
If investors accumulate and maintain this level as a higher low, the technical structure remains feasible, and a challenge to the $0.20-$0.21 level could reoccur.
Sei [SEI] – A Layer 1 chain breaks resistance
Sei [SEI] rebounded strongly this week, closing the month with a 15% increase, ranking second among cryptocurrencies with outstanding weekly gains.
After weeks of declining and hitting a 2-month low at $0.17, SEI has finally regained upward momentum.
Buyers started to become active this week, creating a 4-day consecutive uptrend, lifting the token by 24%, helping it reclaim the important level of $0.23.
However, the uptrend was reversed by a 6.5% drop, indicating that the market still feels unstable and may react to larger macro factors.
However, technical analysis does not indicate excessive overbought conditions, and there is recovery potential if the level of $0.21 holds firm. Investors anticipate SEI will aim for the $0.25 level in the next corrections.
Bitcoin Cash [BCH] – The BTC altcoin shows signs of being overheated
Bitcoin Cash [BCH] ranks third on this week's growth list with a 10% increase from an opening level of $462, continuing the upward momentum of the previous week.
But not everything is going smoothly. Just touching the $500 mark, a price BCH hadn't reached in 5 months, macro concerns triggered reverse FOMO, leading to a standard long squeeze.
As a result, the sharp correction wiped out half of the profits, bringing the price back to $460. However, the bigger picture still shows a clear bullish trend.
BCH has transformed major resistance levels, particularly $420, into solid support, proving that buying pressure remains strong.
With this reset, BCH may be preparing for a new price increase as the market stabilizes.
Other winning cryptocurrencies
Among the altcoins, small cryptocurrencies stood out this week.
Sentre [SNTR] led with a staggering 494% increase, followed by FUNtoken [FUN] with a 109% rise, and Cross the Ages [CTA] up 96%, creating a vibrant leaderboard.
Cryptocurrencies experiencing significant depreciation
AB [AB] – A utility token wiping out weekly profits
AB [AB] leads the price drop list, losing nearly 30% from an opening level of $0.014, reversing from its position as last week's champion.
This correction is not surprising. The strong breakout last week pushed AB to a 3-month high, as RSI signaled overbought early.
This week, a high-intensity correction occurred rapidly: 4 consecutive red candles, each creating a lower low, wiping out nearly 75% of previous gains.
Source: TradingView (AB/USDT)
Despite capital flowing into utility tokens due to macro influences, AB shows a comprehensive sell-off sentiment.
Trading volume dropped 81%, indicating fewer investors are willing to buy on dips, increasing the likelihood of further declines.
A strong negative trend, the support level of $0.010 is only a hair's breadth away, easily breakable if investors do not actively buy more decisively.
SPX6900 [SPX] – A meme token continues to decline
SPX6900 [SPX] nearly hit the bottom of the weekly price drop, losing 28.7% from an opening level of $1.48.
This meme token extends its downward trend from the peak of $1.70 last weekend, a key resistance peak last tested at the end of January.
The pace of decline is becoming increasingly evident, RSI has exhausted, and profit-taking is inevitable. The concerning aspect is that the supply pressure remains weak, with no clear signs of a rebound reaction.
SPX broke below the psychological level of $1, leading to a 25% drop in a single day, bringing the price down to a monthly low of $0.97 at the time of writing.
Without a strong upward reaction in the short term, the $0.50 level could become the next support mark for this token.
Fartcoin [FARTCOIN] – A meme token breaking major support
Fartcoin [FARTCOIN] plummeted 26.77% this week, breaking major support levels without signs of buying support.
After peaking at $1.50 last weekend, FARTCOIN started the new week at $1.20 and quickly added to the downward momentum, breaking the $1 mark without any positive feedback.
This indicates that buying momentum is clearly weakening. A drop to $0.80 is a sign confirming a strong bearish structure.
Additionally, the lack of liquidity around major support levels signals weak buying demand, easily leading to liquidation accumulation at these price levels.
Other cryptocurrencies have notably decreased in value
Broadly, the sharp decline is still ongoing.
Polyhedra Network [ZKJ] plummeted 86%, followed by Siren [SIREN] down 66%, and LiquidLaunch [LIQD] down 47.4%, indicating that the upward momentum has gradually faded.
Conclusion
This week, the cryptocurrency market generated strong turbulent waves – largely rapid rises, deep declines, and continuous volatility forcing investors to constantly adapt.
Always do your own research (DYOR), trade cautiously, and act smartly to navigate the storms of this market!
Source: https://tintucbitcoin.com/top-tien-dien-tu-tuan-nay-kaia-bch-spx-fartcoin/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
