Last week, the cryptocurrency market underwent severe volatility as trade tensions in the U.S. escalated, overshadowing investor sentiment. Despite a challenging start, the situation gradually improved by the end of the week after the tech sector was unexpectedly removed from the new tax list.
This move immediately became a strong catalyst for the market, igniting a broad recovery wave. Among the top 100 risk assets, several tokens recorded impressive gains of up to three digits.
The biggest winners of the week
Onyxcoin (XCN)
Onyxcoin (XCN) recorded a remarkable breakout mid-week, surging up to 43.88% on April 9. This strong increase continued into the next two sessions, with respective gains of 36.78% and 24.65%, indicating sustained high demand.
Thanks to a three-day acceleration, this small-cap altcoin quickly rose to the top of the growth leaderboard for the week, with a total increase of up to 120%. Notably, in less than 72 hours, XCN wiped out all the declines over the past two months, simultaneously surpassing the important resistance level at $0.027.
Fartcoin (FARTCOIN)
Fartcoin (FARTCOIN) made a spectacular breakout last week, with an increase of over 90% after escaping from a prolonged accumulation zone.
The price of FARTCOIN has surpassed an important resistance level at $0.64 and converted this price into a support zone during the trading session. The breakout began on April 9 with an increase of nearly 50% in just one day, then continued to extend gains and quickly retested the $0.98 zone in two consecutive sessions on the daily timeframe.
On the 4-hour chart, the area around $0.87 is forming a short-term supply zone, as price action begins to show signs of weakening. The upward momentum toward the psychological level of $1.00 is currently stalling due to increasing profit-taking pressure. At the same time, the RSI is retreating from the overbought zone, while the MACD has also shifted to a downtrend — both indicating that bullish momentum is gradually weakening.
With such technical signals, FARTCOIN may need a correction or liquidity sweep before bulls can organize another attack to reclaim the $1.00 resistance zone.
JasmyCoin (JASMY)
JasmyCoin (JASMY) started the new week with a slight increase of 4.85% from a 52-week low of $0.00897, before entering a strong and sustainable recovery phase.
By the end of the week, JASMY reached $0.01656, recording an impressive increase of 68.91% — becoming the third strongest gaining coin of the week.
This breakout occurred after JASMY officially broke the prolonged downtrend over several months. Demand surged while technical indicators like RSI also shifted to a positive state, moving deep into the support zone for the uptrend.
Price action indicates an accumulation process at the bottom, with stable green candles and low volatility — in contrast to the typical speculative hot spikes. This could be a sign of long-term capital participation, reinforcing the outlook for sustainable growth in the coming period.
Currently, the important resistance zone lies in the range of $0.018–$0.0194. If JASMY can decisively break this level, it will open up opportunities to reach the next target zone around $0.022.
Other notable names
In addition to the leading coins, the broader market also recorded many notable price movements.
Edge (EDGE) leads with a staggering increase of 825%, outperforming the entire top 1,000 tokens in price momentum. Aergo (AERGO) and Retard Finder Coin (RFC) follow with increases of 332.8% and 270%, respectively.
The significant declines of the week
Tezos (XTZ)
Tezos (XTZ) closed the trading week with the position of the most significantly declining coin, plummeting 17.20% and marking the third consecutive week in the red.
On the daily chart, selling pressure still dominates absolutely, while demand is almost insufficient to create any clear absorption signals to curb the decline.
Daily XTZ/USDT chart | Source: Tradingview
As a result, XTZ has fallen to a new low, breaking through the $1.90 threshold — which was previously the peak set after the election — and is now searching for support at the low price zone of $0.53.
Despite a deep correction, the market has not recorded significant buying signals as prices drop, indicating that investor sentiment remains cautious and capital has not truly returned.
The lack of accumulation activity around the current support zone further increases the risk of continuing the downtrend, unless XTZ quickly establishes a solid price foundation to absorb selling pressure.
In the context of no clear changes to the market structure, or a strong recovery from a critical support zone, the short-term downtrend of XTZ is likely to continue.
EOS (EOS)
EOS (EOS) experienced a dramatic reversal last week, from leading the growth group last week to becoming the second most significant decline this week, with a drop of 12.34%.
This altcoin started the week quite impressively with a 7.28% increase, hinting at a recovery signal after forming a triple bottom pattern — often seen as a precursor to a breakout.
However, the upward momentum could not be sustained for long as selling pressure returned, causing the price to form a large bearish engulfing candle with a decrease of 12.83%, wiping out all the gains accumulated at the beginning of the week and bringing the price back to the $0.65 range.
Observing the 4-hour timeframe, the price structure still leans toward a downtrend, with a series of red candles accompanied by high volume clearly reflecting significant distribution pressure from investors.
The lack of absorbing buying power indicates that the market is falling into a state of liquidity support deficiency. If capital does not return soon, EOS may continue its adjustment to test the next important support zone at the $0.53 level.
Movement (MOVE)
Movement (MOVE) recorded a decrease of 12.78% during the week, retreating from last week’s closing price of $0.37 and becoming the third most significantly declining coin in the past week.
Current price action continues to reflect a distribution phase, where buying pressure is not strong enough to break the existing market structure. Throughout the week, MOVE was stuck in a narrow accumulation range from $0.24 to $0.40, indicating the hesitation of capital flows.
Notably, the absence of clear absorption force near local bottoms further reinforces the view of investor apathy, with no accumulation signals or establishment of a sustainable price foundation.
Although trading volume increased by 21% to $76.88 million, this move seems to only reflect short-term liquidity sweeps rather than a positive shift in actual capital flows.
The RSI indicator continues to plunge, reinforcing the negative outlook. The inability of MOVE to establish a higher low raises concerns about the possibility of another liquidity sweep below the $0.24 support zone in the near future.
Notable other declines
Across the market, many tokens have recorded significant corrections.
MetFi (METFI) leads the decline with a drop of up to 51%, while MMX (MMX) and Comedian (BAN) fell 41.7% and 40%, respectively.
Conclusion
This is the weekly summary of notable gainers and losers. It should be noted that the cryptocurrency market is highly volatile, where prices can change rapidly.
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