Last week's crypto market was truly a 'gamblers' paradise'! Bitcoin #BTC rebounded sharply from a low of $98,000, igniting a wave #MEMECOİN with overall volatility surging nearly 10%, directly reclaiming the critical $107,000 level. #上市公司山寨币财库

This wave of market activity has reignited everyone's risk appetite, with capital flooding into speculative sectors, and short-term trading is bustling. Despite large fluctuations in market sentiment, many are still hesitant and watching, but the activity level is noticeably higher than before.

Overall, although the market is crazy, the confidence is insufficient, and everyone feels like they are sitting on an unstable scale, rushing and stopping.

Biggest Winner — Fat Penguin PENGU🐧

Fat Penguin #pengu this memecoin performed stunningly, rising 60% last week! Opened down 2.17%, but quickly reversed, soaring 16% the next day, suggesting early investors are sneaking in.

After a 7% mid-term correction, quickly created a short squeeze market, then surged 46% for two consecutive days, heating up the entire sector.

PENGU trading price closely watches the key resistance at $0.015, which almost broke in early May. If this level holds, the next target is $0.017 or even $0.02, with considerable room for growth.

Technical indicators show RSI hasn't reached overbought levels yet; bulls can still push further!

Layer 1 newcomer Sei (SEI) explodes for two consecutive weeks 🔥

Sei continues to maintain strength, opening price at $0.19, soaring 51% last week, ranking second in gains.

Opened with over 22% rise, breaking the $0.20 barrier, stabilized, then rebounded 25.8%, pushing to a high of $0.33.

Although subsequent technical overheating led to a 16% correction, buying pressure quickly returned, rebounding back to $0.30 within three trading days.

As long as the bulls can hold at $0.33, the next quarter may welcome a larger market.

Asset management giant Maple Finance (MAPLE) sets a new historical high 🚀

#Maple continues to strengthen, rising nearly 50% last week, from $0.43 all the way to breaking the new high of $0.65, with funds flowing in for four consecutive days, and trading volume explosive.

However, historical experience tells us that after significant increases, there is often a correction, so the support level at $0.50-0.52 is crucial.

If the bulls can hold the support at $0.60, the third quarter may aim for higher peaks.

Other Explosive Cryptocurrencies Update 📈

  • AI Champions (AIC) rose 136% in a week, top gainer

  • Bananas For Scale (BANANAS31) up 89%

  • MMX rose nearly 80%, eye-catching performance

List of 'crashed' cryptocurrencies last week ⚠️

Kaia (KAIA) shows significant selling pressure, momentum exhausted 📉

KAIA fell 5.5% last week, from top gainer to significant loser. RSI shows bearish divergence, and MACD is also weakening, turning bearish in the short term.

Multiple consecutive bearish candles, breaking below the important support of $0.15-0.16; if it cannot hold, it may continue to decline.

Bulls need to act quickly to lift trading volume; otherwise, the outlook may become more challenging.

GateToken (GT) under pressure, dropping back, buying pressure insufficient 🔻

GT fell 4% last week, and the previous small rebound could not hold, falling back to around $15, testing support.

Technical indicators remain weak; the next focus is at $14.

Curve DAO (CRV) shows weak performance, support is precarious ⚠️

CRV has fallen for two consecutive weeks, with the price approaching the critical support level of $0.50.

Bulls attempt to fight back but with limited strength, volume and confidence are insufficient; if a rebound does not happen soon, the target may drop to around $0.35.

Other cryptocurrencies with severe declines

  • MATCHAIN (MAT) fell 47%

  • Cross the Ages (CTA) fell 45%

  • LAMBO down 32%

Summary

The cryptocurrency market is highly volatile, with ups and downs, exciting yet full of challenges.

Investing partners, remember to do your homework, act rationally, don't blindly chase highs or panic sell; steadiness is the key to winning! 💪✨

✍️ DYOR, manage your risk well, may everyone set sail in the crypto world! 🌊

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