Last week's crypto market was truly a roller coaster! 🎢 One moment it was soaring, and the next it was pulled back down by inflation shadows.#主流币轮动上涨
Bitcoin[#BTC ] surged to a high of $123,000, then fell back to around $117,000, pulling many altcoins along for the ride. But don't worry, the successful IPO of Bullish Exchange raised $1.1 billion, keeping the market slightly warm🔥.#加密市场回调
Medium coins and exchange coins continue to attract attention, while meme coins feel like the neglected younger brother, with funds flowing towards more popular directions. Now, let's take a look at last week's winners and losers:#山寨季何时到来？
🏆 This week's brightest stars: OKB, MNT, AERO
1️⃣ OKB [OKB] — Exchange coins firing on all cylinders
OKB went absolutely crazy last week! Opening price was $46.57, with a weekly increase of over 160%, surging 125% in a single day on August 13, hitting a new high of $142!💥
Reason? Coinbase burned 65.2 million tokens, tightening supply, coupled with the return of FOMO sentiment, increasing market risk appetite, and igniting the altcoin season.
RSI has reached the overbought zone; after a slight pullback, the current price is stable at $122.
Trading volume surged by 192%, indicating that bulls are accumulating madly; there's still a chance to push to $130 or even a new high in the short term.
2️⃣ Mantle [MNT] — Financial blockchain makes a strong breakthrough
MNT opened at $1.04, directly breaking through the $1 barrier last week, rising more than 30%.💹
From a technical perspective, bulls are in control of the rhythm, targeting the key resistance level of $1.40. Although there were minor pullbacks along the way, they seem more like 'fake outs' where bears were squeezed out.
This week’s structure looks bullish, with hopes for continued upward movement in the short term.
3️⃣ Aerodrome Finance [AERO] — Bearish pressure can't hold it back
AERO opened at $1.18, rising 22% last week, once again surpassing the $1 mark.
Although it was suppressed by 6% at the opening, it quickly rebounded by 11%, showing strong bullish momentum.
Current target is $1.50, with this quarter's target even aiming for $2! As long as the momentum remains stable, there are plenty of short-term bullish signals.
Other standout altcoins🔥
Codatta [XNY] saw an astonishing weekly increase of 385%
Imagen Network [IMAGE] +309%
Wiki Cat [WKC] +270% really was a 'small coin comeback week'!
💀 This week's laggards: SPX, PENGU, CFX
1️⃣ SPX6900 [SPX] — Market index token loses key support
#SPX opened at $1.94, down 20% last week; broke below the $1.90 and $1.70 support;
Bears swept through liquidity clusters, dipping to $1.50 during the session
Although it fell 9.5% at the beginning of the week, this was more due to bulls losing key support levels, rather than overall market panic.
A short-term rebound may occur, but whether it can turn around depends on whether it can hold support in the coming days.
2️⃣ Pudgy Penguins [PENGU] — NFT enthusiasm cools
PENGU fell 17% last week, dropping from around $0.04 to near $0.03.🐧
Opened down 9.65%, failed the first support test, and market buying power was clearly weak.
FOMO sentiment is gone, and short-term rebounds may be limited.
3️⃣ Conflux [CFX] — Layer 1 altcoin under pressure
CFX fell 14% from $0.20, continuing last week's downward trend.
Overall support for altcoins is unstable, with insufficient buying strength to resist selling pressure.
If it breaks below $0.17, it may further test down to $0.15 in the short term, traders need to keep a close eye.
Other big drop coins💣
SOON -43%
YALA -41%
REI -40%
The decline is painful to watch...
🔮 Summary
The market volatility this week was quite thrilling: soaring high, then panicking down; even veterans were sweating💦.
Exchange coins and mid-cap stocks are the stars of the week🏅
Mid-cap coins remain a hotspot, with strong performance from OKB, MNT, and AERO
Meme coins and some altcoins are under severe pressure💤
The market index and NFT projects are under significant pressure; friends stuck with SPX, PENGU, CFX should be careful
FOMO, tight supply, and short squeezes, every market movement can catch you off guard
The crypto space is always full of excitement; stay calm, do your research, and wise operations are the key!⚡
Many understand the trend, but few keep pace with the rhythm.
Like 👍, share, follow me, and I’ll help you capture more market opportunities, let’s ride the bull and bear waves together! Keep it up!
In the current market environment, short-term operations are indeed very necessary. If you keep waiting for spot recovery, you may feel the torment of time. Recently, I’ve been fully engaged in secondary short-term and primary 'dog coin' operations, yielding good results; if you want to join, feel free to message me on WeChat!
