Crypto market’s weekly winners and losers – HBAR, CRV, RAY, XLM
- Hedera, Curve DAO Token, and IOTA were the biggest winners of the past week.
- Core, Raydium, and Stellar Lumens were the biggest losers of the past week.
The cryptocurrency market saw significant action this week, with Hedera [HBAR] emerging as a standout performer, boasting an impressive 86.07% gain.
Alongside HBAR, Curve DAO [CRV] and IOTA [IOTA] also delivered notable rallies, while Core DAO [CORE] struggled under selling pressure.
From golden cross formations to sharp corrections, here’s a snapshot of this week’s top gainers and losers and what their price movements reveal about market sentiment.
Biggest winners
Hedera [HBAR]
HBAR claimed the spotlight this past week, emerging as the highest gainer with a remarkable 86.07% increase.
Starting the week at $0.20868 after an impressive 22.49% rise, HBAR built on its momentum with a staggering 49.34% spike the following day, reaching $0.31165.
The daily chart reflected a bullish structure, with the 50-day moving average ($0.11828) crossing above the 200-day moving average ($0.07955), confirming a golden cross .
The RSI at 74.59 indicated overbought conditions, which suggested the possibility of consolidation or a minor correction in the short term.
Meanwhile, the MACD remained in positive territory, highlighting continued bullish momentum, although its histogram shows signs of declining strength.
Source: TradingView
Towards the end of the week, HBAR saw some profit-taking, resulting in a 9.65% decline, bringing its price to $0.33250.
Despite the dip, HBAR has maintained its upward trajectory, supported by strong trading volumes. Its market capitalization was $12.6 billion.
Also, its volume was $1.9 billion but had declined by almost 50% in the last 24 hours.
Curve DAO Token [CRV]
Curve DAO had an impressive performance over the past week, emerging as the second-biggest winner with an 83.78% increase, according to data from CoinMarketCap.
The week began on a slightly negative note with a 1.57% decline, placing the token around $0.670. However, the market quickly shifted in favor of CRV, driving significant bullish momentum over the next three days.
CRV surged to approximately $1.09 by the fourth day, showcasing a remarkable rally supported by increasing trading volumes and strong buying interest.
Despite the rally, CRV faced a slight pullback towards the week’s end, closing at $1.17, reflecting an almost 6% decline from its mid-week peak. Resistance lay near $1.20, while immediate support was around $1.05.
IOTA [IOTA]
IOTA experienced a remarkable rally last week, positioning itself as the third-biggest winner with a 79.58% gain. The week commenced with a strong 12.39% increase, pushing its price to $0.3085.
This surge ignited bullish momentum, which carried over into the following days, resulting in significant price spikes.
By the fourth day of the week, IOTA had reached a high of $0.4942, driven by increasing trading volumes and growing investor interest.
This uptrend marked a decisive break above its 50-day and 200-day moving averages, signaling a strong bullish sentiment in the market.
Despite its strong performance, IOTA closed the week at $0.4857, slightly off its mid-week peak. This minor pullback reflects profit-taking activity while maintaining its overall upward trajectory.
IOTA’s volume was around $150 million as of this writing and had declined by almost 70% in the last 24 hours.
Top 1,000 gainers
Outside the top 100, this week’s top gainer, MiniDOGE [MINIDOGE], surged by over 2,467%.
The second and third-largest gainers were Migglei [MIGGLEI] and Sui Monster [SUIMON], with over 1,685% and over 1,618% increases, respectively.
Biggest losers
Core [CORE]
Core DAO [CORE] experienced a challenging week, marking it the biggest loser among cryptocurrencies with a 10.78% decline. The week began with a sharp 18.78% drop, pulling its price to $1.59.
This early loss set the tone for fluctuating performance throughout the week as CORE struggled to regain bullish momentum.
Despite occasional attempts to stabilize, declines outweighed gains, with market sentiment and volume failing to support a sustainable recovery.
By the end of the week, CORE’s price closed at $1.56, reflecting a modest recovery but still cementing its status as the worst performer of the week.
Technically, CORE remains under selling pressure as the price hovers below critical resistance levels near $1.70.
Raydium [RAY]
Raydium [RAY] ended the week as the second-biggest loser, posting a 6.29% decline. The week started with a 3.30% drop, taking its price to $5.271.
RAY exhibited price fluctuations throughout the week with attempts at minor recoveries, but bearish sentiment overshadowed its overall performance.
RAY’s price movements reflected uncertainty as market participants struggled to establish a clear direction.
The trading volume remained consistent, suggesting steady market interest, though not enough to overcome selling pressures.
By the end of the week, the price closed at $5.094, reflecting an overall negative performance despite attempts at stabilization.
Stellar Lumens [XLM]
Stellar Lumens [XLM] experienced a volatile trading week, ending as the third-highest loser with a modest 2.95% decline. The cryptocurrency began the week strongly, recording a 6.46% surge to $0.559508.
This initial optimism was short-lived, though, as XLM faced consistent bearish pressure over the next four days, reflecting a gradual decline.
Source: TradingView
The daily chart revealed that XLM traded above its 50-day moving average ($0.251592), a sign of sustained medium-term bullish momentum.
However, the RSI at 61.77 indicated a slight cooling off from its previously overbought levels, hinting at a consolidation phase.
Meanwhile, the MACD displayed weakening bullish momentum, with its histogram narrowing and the MACD line approaching a bearish crossover with the signal line.
By the week’s close, XLM recovered slightly, ending at $0.504212, reflecting a minor 1.5% uptick in the final trading session.
This slight recovery underscores resilient support near $0.500000, but the overall market sentiment remains cautious. Its market capitalization was around $14.58 billion as of this writing.
Top 1,000 losers
Outside the top 100, this week’s top loser was The Protocol [THE], with an over 98% decline. The second and third-biggest losers were PEPE [TRUMP] and HARRIS DOGS [DOGS], with a 98.65% and 95.40% decline, respectively.
Conclusion
Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.
Thus, doing your own research (DYOR) before making investment decisions is best.
