Last week, the crypto market looked like a gamble.
Meme coins have fluctuated violently as Bitcoin surged strongly from the bottom of $98,000, recording a nearly 10% recovery to reclaim the important resistance level of $107,000. This move has rekindled short-term risk demand, attracting capital flows into speculative investments.
However, sentiment remains shaky as traders continuously rotate between 'risk-on' strategies and standing on the sidelines. Overall, this was a volatile week with localized intensity but lacking clear confirmations across the market.
Top coins gaining big this week
Pudgy Penguins (PENGU) – Leading memecoin with a strong upward reversal
Pudgy Penguins (PENGU) topped last week's breakout ranking with a staggering increase of 60% from the weekly opening level of $0.08, thanks to a classic Short Squeeze and capital flowing back into memecoins.
The week started with a 2.17% decrease as the overall market leaned towards a cautious trend, but sentiment quickly reversed. The next day, PENGU surged by 16.32%, signaling that an early accumulation phase is underway.
After a slight 7% correction mid-week, the price action set up the familiar 'liquidity trap' scenario – causing the shorts to get trapped and triggering a strong increase of 46% in just two days.
As of now, this memecoin is trading just below the important resistance zone of $0.015 (the last time it reached this level was in early May), as PENGU enters a decisive area.
PENGU price chart | Source: TradingView
The bears may look to push the price down to this zone, but with capital flows returning to high-volatility assets and Bitcoin showing signs of stabilization, another increase driven by hype is still entirely possible.
Technically, the RSI is at a high level but has not entered the overbought zone, indicating there is still room for the price to continue rising. If the bulls can turn the $0.015 level into a solid support area, the next short-term targets will be $0.017 and $0.02, with strong bullish momentum supporting it.
Sei (SEI) – Layer 1 blockchain continues its upward trend with two consecutive weeks of gains
Sei (SEI) continues its impressive upward streak last week, recording a 51% increase from the opening level of $0.19 and securing the second position among the best-performing altcoins.
This is also the second consecutive week SEI has attracted the market's attention.
The week opened with a 22% bounce, surpassing the important resistance level at $0.2. The bulls maintained this price zone during the retest, setting the stage for the next strong increase of 25.84%, pushing the price up to the $0.33 zone.
As expected, momentum indicators began to signal overheating, causing a 16% price correction mid-week. However, buying pressure quickly returned, helping SEI recover all losses in just three trading sessions. As of now, SEI has once again lost the $0.3 level.
If the bulls maintain control and turn the $0.33 level into support, SEI may enter a price discovery phase in Q3.
SEI price chart | Source: TradingView
Maple Finance (SYRUP) – On-chain asset management platform skyrocketed to ATH
Maple Finance (SYRUP) ended the week with a strong increase of 49.56% from an opening level of $0.43, securing the third position on the list of the strongest performing coins of the week.
After a series of consecutive months of increases since April, SYRUP began the last week of June with a 12.8% bounce, turning the correction to $0.43 into a classic 'springboard' price pattern – a price setup that has appeared in previous price discovery phases.
Shortly after, there were four consecutive sessions recording stable inflows, pushing the breakout price to a new peak at $0.65 – confirming strong demand and significant breakout volume.
However, SYRUP has historically tended to adjust after 'shallow' increases, making the support zone of $0.5–$0.52 a critical area to monitor closely.
If the bulls can maintain the $0.6 level as new support, SYRUP could completely avoid a deeper correction and continue moving towards new historical highs in early Q3, thanks to increasingly strong bullish momentum and actively circulating on-chain capital.
SYRUP price chart | Source: TradingView
Other notable gaining coins
Besides major coins, the small-cap altcoin group has truly attracted attention this week. AI Champions (AIC) led with an incredible increase of 136.2%, followed by Bananas For Scale (BANANAS31) up 89.3% and MMX (MMX) also making the top gainers with a bounce of 79.6%.
Top coins suffering heavy losses this week
Kaia (KAIA) – Social network platform token with a strong downward reversal
Kaia (KAIA) has dropped from its leading position on June 22 down to the bearish group, recording a decrease of 5.55% – a clear sign of weakening momentum and increasing selling pressure.
This is not just a random correction. On the daily timeframe, KAIA has hit a local peak at the end of January at $0.2 but was immediately rejected.
The bearish divergence of the RSI indicator combined with the bearish crossover signal from the MACD has early signaled a short-term trend reversal.
From its peak of $0.2, KAIA has created 6 red candles, breaking through several nearby support zones and sliding down to $0.16 as of now.
KAIA price chart | Source: TradingView
With increasing profit-taking pressure after several weeks of continuous price increases and no clear bullish divergence signals appearing, the price range of $0.15–$0.16 becomes extremely important.
If this area cannot maintain its role as support, the likelihood of a deeper adjustment is very high, especially as momentum from the MACD still leans towards the bears. The bulls need a strong defensive effort accompanied by a surge in volume in a short time to avoid the next negative scenario.
GateToken (GT) – Native token of the Gate.io exchange under selling pressure
GateToken (GT) ended the week with a 4% decrease from an opening level of $16.67, becoming the second-largest loser among tracked assets, as last week's weak recovery was quickly replaced by new selling pressure.
The recent recovery marks the first significant bounce of GT in nearly a month, which had previously raised hopes for a reversal of the downtrend.
However, the bullish sentiment did not last long. The bulls could not maintain their position and selling pressure quickly pushed GT back to the important support area of $15.
Notably, buying pressure at this support zone appears quite weak, even as the price hits short-term lows. The RSI index has not yet fallen into the oversold zone, while the MACD still leans towards a downward trend — indicating that there is still room for GT to continue adjusting before any technical recovery occurs.
If the $15 level cannot be maintained, the next price zone to watch will be $14 – an area that has previously recorded strong buying pressure.
GT price chart | Source: TradingView
Curve DAO Token (CRV) – Core DeFi token for stablecoin trading breaking important support thresholds
Curve DAO Token (CRV) ended the week with a 3% decrease, continuing the weakening trend as price action remains trapped in an increasingly narrow consolidation zone.
This is the second consecutive week of decline, as the bulls struggle to regain control.
Opening at $0.55, CRV quickly dropped 3.23% and slid to the important support zone at $0.5 – where buyers once again attempted to create a reversal but lacked strong follow-through.
The lack of trading volume and market confidence reflects dwindling demand, even as this price range has been defended multiple times in recent weeks.
At the time of writing, the price is moving sideways within a narrow range that has lasted three days, showing signs of compression. If the bulls do not step in soon, CRV may continue to slide deeper, heading towards the macro support zone of $0.35 – a level established for the last time in early March.
With the RSI moving sideways and the MACD leaning towards a downward trend, momentum currently favors the bears. Recovering the $0.55 level is extremely important to avoid widespread declines as we enter Q3.
CRV price chart | Source: TradingView
Other notable declining coins
In the broader market, bearish volatility occurred quite strongly. MATCHAIN (MAT) led the list of losers with a decrease of 47.2%, followed by Cross the Ages (CTA) down 45.3% and LAMBO (LAMBO) sliding 32.6% as the upward momentum cooled off.
Conclusion
Overall, the crypto market continues to be 'crazy' in the past week – strong pumps, deep declines, and constant volatility keep investors on high alert.
Always do your own research. Stay positive, trade smart, and surf cautiously!
https://tapchibitcoin.io/top-coin-tang-va-giam-manh-trong-tuan-qua-pengu-sei-kaia-crv.html
