Last week, the cryptocurrency market continued to experience strong volatility with the breakout price increase of many notable memecoins and altcoins such as Pudgy Penguins [PENGU], Sei [SEI], and Maple Finance [MAPLE]. In contrast, some tokens like Kaia [KAIA], GateToken [GT], and Curve DAO Token [CRV] faced deep downward pressure. These fluctuations clearly reflect market sentiment amid Bitcoin's recovery from the $98,000 bottom, stimulating an increase in short-term risk and capital flowing into potential coins. This article will analyze in detail the winning and losing cryptocurrencies of the week, providing in-depth insights based on technical data and trading trends to help investors have a more accurate strategic orientation.
Cryptocurrencies that have shown outstanding growth this week.
Pudgy Penguins [PENGU] – Leading memecoin with a strong reversal.
Pudgy Penguins [PENGU] recorded an impressive increase of up to 60% from the opening price of $0.08 this week thanks to strong demand and a classic short squeeze. Although the broader market showed signs of reduced risk earlier in the week, PENGU quickly rebounded, increasing 16.32% the very next day, marking a phase of positive accumulation.
After a slight drop of about 7% midweek, PENGU continued to surge 46% in the past two days, reflecting a liquidity explosion and selling pressure from competitors that had been locked up. At this point, PENGU is approaching the important resistance area of $0.015, which was last tested in early May.
Technically, the RSI is at a high level but not yet overbought, indicating potential for further growth. If buyers can turn the $0.015 mark into support, the short-term targets will be the price areas of $0.017 and $0.020 with positive momentum strength supporting.
Sei [SEI] – Layer 1 blockchain continues impressive growth streak.
Sei [SEI] maintains strong performance with a 51% increase from the opening level of $0.19 this week, making it into the top altcoins with notable price increases for the second consecutive time. This increase started with a 22% breakout above the resistance level of $0.20.
Bulls have successfully defended the $0.20 mark during the retest session, which then created a 25.84% expansion that brought SEI close to the $0.33 area. Although there was a 16% downward adjustment midweek due to overbought signals, the decline was strongly bought back, and the price is holding around $0.30 by the end of the week.
If the buyers can maintain control and turn $0.33 into a support base, the possibility of SEI entering a new breakout phase in Q3 is very high.
Maple Finance [MAPLE] – On-chain asset management reaches a new high.
Maple Finance [MAPLE] achieved a strong increase of 49.56% from the opening price of $0.43, holding the 3rd position in the list of top-performing cryptocurrencies this week. After two consecutive months showing an upward trend, MAPLE has bounced from the bottom to create the familiar bounce pattern in previous price explorations.
Four consecutive sessions of continuous cash inflow have brought MAPLE to a new peak at $0.65, demonstrating strong demand and a spike in trading volume. However, MAPLE's price history has also recorded corrections after each hot increase, making the support area of $0.50–$0.52 very important.
Maintaining new support around $0.60 will help MAPLE limit deep corrections and continue its journey towards new price peaks in Q3, supported by strong on-chain demand.
Other cryptocurrencies with impressive gains.
Alongside the top group, some altcoins continue to attract attention with outstanding growth rates. AI Champions [AIC] leads with an increase of up to 136.2%, followed by Bananas For Scale [BANANAS31] with an increase of 89.3% and MMX [MMX] rising 79.6%. These are attractive options for risk-loving investors seeking rapid growth.
Notable cryptocurrencies that decreased in value this week.
Kaia [KAIA] – Social network platform token under strong downward pressure.
Kaia [KAIA] had a trading week recording a 5.55% decrease from its leading position last week, indicating signs of waning bullish momentum and increasing selling pressure. On the daily timeframe, KAIA reached the peak of the $0.20 area at the end of January but was quickly rejected, shown by the negative divergence signal of the RSI and the downward cut of the MACD.
From this peak, KAIA continuously declined with six consecutive red candles, breaking through short-term supports and touching the price area of $0.16. Traders need to pay attention to the critical buffer zone of $0.15–$0.16 to avoid falling into a deeper correction state, especially when the MACD momentum still leans towards the sell side.
GateToken [GT] – Token of the Gate.io exchange faces negative cash flow pressure.
GateToken [GT] ended the week with a 4% decrease from the opening price of $16.67, ranking second in the group of major declines. Although there was a slight recovery a week ago, this is not enough to create a solid breakout.
GT price could not maintain the level above $16 and quickly fell back to the support area of $15. Notably, there is a lack of strong buying power in this support zone, coupled with the RSI not reaching oversold territory and MACD still leaning towards a downward trend, indicating that the trend will continue to face prolonged downward pressure.
In the event that $15 is not maintained, the next support area at $14 will be an important midpoint to observe the potential for a recovery reversal.
Curve DAO Token [CRV] – DeFi token for stablecoin trading facing technical difficulties.
Curve DAO Token [CRV] continues to weaken, decreasing 3% this week, maintaining the downward trend for the second consecutive week and getting stuck in a narrow range with declining liquidity. Opening price at $0.55, the price quickly plummeted and approached the support level of $0.50 multiple times, which was defended but did not create a breakout.
Technical charts indicate increasing price compression within the last 3 days. If buyers do not push prices above $0.55 in time, CRV risks continuing to fall deep towards the significant support level of $0.35, an area that appeared back in March.
The flatness of the RSI combined with negative signals from MACD warns of prevailing selling pressure. This is an important price level to avoid a deep breakdown before entering Q3.
Other notable declining tokens.
In the broader picture, many other tokens also face strong downward pressure: MATCHAIN [MAT] leads with a decrease of 47.2%, followed by Cross the Ages [CTA] dropping 45.3%, and LAMBO [LAMBO] falling 32.6%, indicating a collective withdrawal of investors after a hot growth phase.
Conclusion on the cryptocurrency market developments this week.
The cryptocurrency market last week continued to be a series of unpredictable fluctuations with surging sessions interspersed with deep corrections. Bulls and bears constantly wrestled, creating an emotional trading week that required high alertness from investors.
An important piece of advice is to always conduct thorough research before making investment decisions. Applying appropriate risk management strategies along with experience in monitoring trends will help traders improve effectiveness and minimize losses in this volatile market.
Source: https://tintucbitcoin.com/tien-dien-tu-tuan-pengu-sei-kaia-crv/
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