Last week in the crypto space was like a roller coaster: some were joyful while others were distressed, with gains and losses intertwined, making hearts race 🐰💨
The overall market is showing significant volatility, Bitcoin [#BTC ] slightly retreated about 3%, while Ethereum [#ETH ] soared, stealing the limelight. Federal Reserve Chair Powell sent dovish signals, #美联储降息预期 shifting market sentiment from 'fear' to 'greed', with many investors eager to seize this opportunity. #ETH创历史新高
Overall, Bitcoin's growth rate is slowing, but mid-cap coins and altcoins are becoming new favorites for capital. Last week's market atmosphere leaned bullish, but short-term volatility remains intense. Now let's review last week's winners and losers to see who performed well and who suffered significant losses. #比特币远古巨鲸持续出清
🏆 Winners List
1️⃣ OKB [OKB] — Exchange token shines in a sprint
OKB was indeed 'in the spotlight' last week, opening at $117, with gains peaking at 66%, even hitting a peak of $258 💥. This was almost two consecutive days with gains exceeding 40%, indicating strong investor confidence.
In the short term, OKB has pulled back about 24% from its high, indicating some profit-taking, but technical indicators still lean bullish. MACD shows a bullish crossover, and although RSI is a bit overheated, buying momentum remains strong. If the $190~200 support holds, it is expected to surge again this week, even eyeing a target of $300 🚀.
A little reminder: OKB's RSI is getting a bit overheated, and it may oscillate in the short term, but the overall bullish momentum remains.
2️⃣ Morpho [MORPHO] — Yield platform breaks through strongly
Morpho performed exceptionally well last week, rising about 26% from a low of $2. Although it slightly dropped 3.9% at the open, indicating that shorts are observing, continuous inflows over four days have allowed the price to steadily rebound, successfully breaking through the resistance from the first quarter.
However, it should be noted that trading volume has decreased by 66%, indicating that market enthusiasm has cooled. If bulls do not intervene, a deeper pullback may occur this week, with support around $2.30. But as long as the price holds the current support, breaking through the highs from the end of the fourth quarter and the beginning of the first quarter is just around the corner 💪.
Note that trading volume has decreased by 66%, and it may slightly pull back to around $2.30 in the coming week; maintaining support is crucial.
3️⃣ Arbitrum [ARB] — Layer 2 is still favored
ARB rose 6% weekly, closing in the green for three consecutive weeks, with a steady trend and no overheating signs. Although it dropped 11% intraday mid-week, it quickly rebounded to $0.60. 💪 After a short-term pullback to $0.56, it is expected to continue to rebound and challenge the quarterly high.
The trend of ARB tells us: buying layout is quietly underway, be patient and wait for opportunities.
🌟 Other standout altcoins
Alturu [ALU] skyrocketed 222% 🚀
Huobi [HT] rose 141%
Wayfinder [PROMPT] increased by 137%
These explosive gains once again prove the high-risk, high-reward nature of small-cap altcoins, and remind everyone to manage risks well.
💀 Losers List
1️⃣ Pump.fun [PUMP] — Community token drops the ball
PUMP opened last week at $0.036, dropping nearly 20% over the week, marking the first weekly decline in a month 📉. The $0.04 high failed to convert into a support level, and bull confidence is lacking. 😬
If it cannot hold $0.03, it may continue to fall to around $0.024. In the short term, PUMP's trend remains bearish, and investors should remain cautious.
2️⃣ SKY [SKY] — Utility coin retreats
SKY fell about 14% last week, and the MACD indicator still leans bearish, with technicals not supporting a rebound. The $0.07 support was breached, hitting a low of $0.06 intraday.
Although there may be slight rebound potential, the short-term is still constrained by a bearish structure. If bulls cannot quickly intervene, it may test lower points again this week. For investors focusing on SKY, short-term operations need to be very cautious ⚠️.
3️⃣ SPX6900 [SPX] — Index token support was breached
SPX dropped from $1.52 at opening to the weekend low, a decline of 13%. Bulls failed to convert resistance into support, and the memecoin price hit a nearly two-month low.
If the $1.30 support is breached again, it may directly target $1 below. Technicals show weakening momentum, and the short-term outlook is clearly bearish, so investors need to manage risks well. ⚠️
⚠️ Other severely dropping coins
Codatta [XNY] fell 71%
Ket [KET] dropped 54%
MYX Finance [MYX] decreased by 44%
The drops in these coins remind us once again that in a high-volatility market, capital management and stop-loss are very important.
Summary:
Last week's crypto space was truly thrilling and tense! Some coins surged, stirring excitement; others fell sharply, causing anxiety. The overall market is highly volatile in the short term, but the medium-term trend leans optimistic, especially for coins like OKB, MORPHO, and ARB, which still have room for growth.
A few strategic suggestions:
Maintain support level: especially for coins in short-term pullbacks, support levels are the key dividing line.
Focus on capital inflow: coins with active buying and inflow of funds have more potential.
Manage risks: in a high-volatility market, stop-loss and position management are essential.
View short and medium term separately: don't just focus on intraday volatility, pay more attention to trends and technical indicators.
In short, the cryptocurrency market is full of ups and downs, with both gains and losses. Whether you are a long-term investor or a short-term trader, it is essential to stay calm, do your homework, and manage risks while seizing opportunities 💡.
✍️ Remember to DYOR, manage risks well, and wish everyone smooth sailing in the crypto space! 🌊
Many understand the trends, but few follow the right rhythm.
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