The cryptocurrency market had a volatile week, with some coins posting strong gains while others suffered significant losses, as institutional activity continued to drive market dynamics. Here’s a rundown of the week’s top risers and losers.
Profitable currencies:
Bitget (BGB) has had an exceptional performance this week, rising from $6,011 to $7,137, building on a strong bullish momentum that started in November.
The coin continued to record new price highs with increased trading volume, indicating real interest from investors. Technical analysis showed a clear bullish pattern with a positive golden cross forming, supporting the continuation of the positive trend.
XDC Network XDC continues to attract attention with a 12% bullish performance, breaking the $0.10 barrier after rising from $0.0968. The coin maintained strong trading volume reflecting sustained interest in the market, while technical analysis showed continued bullish momentum with the price holding above major moving averages.
Ripple XRPXRP finished the week as one of the best performers after a strong 10% gain that pushed the price to $2.50. Despite some pullbacks later in the day, strong trading volume and price stability above major moving averages reflect positive investor sentiment.
Losing currencies:
AI16Z AI16Z was the biggest loser this week, falling 37% from $1.8 to $1.1 after a sharp sell-off. Despite a slight recovery attempt, trading volumes continued to decline, with no clear strong support levels, increasing the likelihood of further price volatility.
RUNE RUNE recorded a 33% loss after falling from $4.9 to $3,395. Technical analysis showed a break below the moving averages, which led to the loss of gains made in recent months.
VIRTUALVIRTUAL has suffered a 31% decline this week, with the price falling from $4 to levels below its moving averages. The MACD indicator confirmed the sharp negative momentum, while the coin still lacks clear support levels, increasing the risk of a continued downtrend.
Finally, the market witnessed a volatile week with BGB and XDC emerging as the top performers, while AI16Z and RUNE suffered significant losses. Caution remains warranted as volatility persists, while investors follow technical indicators to make informed decisions.
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