This week, Bitcoin (BTC) maintains the level of $105,000 and Ethereum (ETH) above $2,500, supported by strong ETF capital flow. In the United States, the progress of the CLARITY and GENIUS bills signals a more friendly regulatory phase.
While BTC and ETH are moving sideways, smart money has turned to utility tokens, which have quietly led the inflow of capital. However, a portion of the market remains in the red, with some altcoins extending last week's downward trend.
Winners of the Week
AB (AB) – Utility token continues to rise in price
AB (AB) has maintained its upward momentum this week, climbing 44.64% and once again leading the growth surge.
AB started the week strong with a 15.12% increase in one day, reinforcing sustainable growth and bringing the token back to a 3-month high at $0.013.
Source: TradingViewThe current resistance level is around $0.014.
While the RSI indicates overbought conditions, suggesting a short-term pullback, the trading volume increases (+17%) hint at the possibility of breaking through the resistance level. However, holding this level will be a real challenge.
Aerodrome Finance (AERO)
Aerodrome Finance (AERO) is making a strong comeback, recording an increase of 41.14% this week and is currently approaching the important resistance level of $0.79.
In early May, this region activated a strong retracement of 68%. However, the difference this time is that the structure of AERO seems much stronger.
Unlike many altcoins that have broken through key support levels, AERO has consistently reclaimed lost ground, a typical accumulation sign.
Buyers who entered during the dip are currently realizing significant profits, so the asset is likely to face selling pressure.
In fact, on June 14, AERO dropped by 7%, but the bulls quickly stepped in and recovered half of the losses with a strong rebound during the day.
If the bulls flip the $0.79 level into support, this price increase is likely to continue.
Kaia (KAIA) – Public blockchain witnesses a strong reversal in the middle of the week
Kaia (KAIA) ended the week with a 33% increase compared to the opening level of $0.105 and broke out of a 4-month consolidation period between $0.13 and $0.14.
This breakout marks an important structural change, attracting many short-term holders to take profits.
As a result, a strong pullback of 16.66% occurred, bringing the price down to $0.15.
However, KAIA has currently stabilized around this level, holding firm for two consecutive sessions. This could be a potential signal indicating that $0.15 is transitioning from a resistance level to a new support level.
If this level is held, it could serve as a launch pad for the next growth phase up to $0.20. With the market structure improving, KAIA may be entering a new accumulation zone before forming a new breakout.
Other notable active projects
In addition to the tokens mentioned above, some altcoins have captured all the attention this week.
Aura (AURA) leads with a growth of up to 22.184%, closely followed by Useless Coin (USELESS), climbing 540%, and Tagger (TAG) surging 72.5%.
Big Losers of the Week
DeXe (DEXE) – Open governance protocol for weekly loss limits
DeXe (DEXE) topped the ranking of the most heavily loss-making projects this week with a decrease of 16.95%, following a sharp drop of 24.52% last week, driven by a 31% plunge in just one day down to $8.29.
The bulls have established a brief recovery that pushed the price back above $10.50, but it seems that the momentum has yet to return.
Currently, this altcoin starts the new week with a decrease of 8.29%, triggering six consecutive red candles pulling DEXE back to $8.70, just above the main support level.
Source: TradingViewAlthough the RSI is deep in the overbought zone, the MACD has not formed any bullish cross. This indicates that the downward pressure remains intact and a potential Long squeeze could cause DEXE to revisit the six-month low around $7.07.
Until there is a clear reversal structure or a sudden increase in volume, the momentum will favor the bears.
Kaspa (KAS) – Blockchain PoW unable to maintain key support level
Kaspa (KAS) has decreased by 14.65% this week, closing at $0.072 after losing the important support level of $0.08.
Although it started last week with a 4.42% increase, the bulls failed to keep up, opening the door for a sharp decline to a three-month low.
The technical structure is currently leaning towards the bears. The inability to defend the $0.08 mark confirms the sellers' control in the short term.
However, this incident may lead to Long positioning setups. With the potential for a Short squeeze increasing, especially if $0.07 holds as a psychological support level.
But if this level is broken, KAS may reconsider the lower support areas, making the next few sessions a crucial time to confirm the direction.
Zcash (ZEC) dropped to its lowest level in the month
Zcash (ZEC) closed the week with a decrease of nearly 13%, sliding from an opening level of $48.72 down to around $43, marking a failure to reclaim the psychological resistance level of $50.
Although there was a bullish start, the rejection at the ceiling level triggered a reversal, with the price action currently experiencing a sharp decline.
The trading volume has decreased by more than 10%, and while the RSI is trending downwards, it has not yet entered the oversold territory, signaling that the potential for a sell-off may continue.
Unless buyers step in to defend the $40 level, ZEC is likely to target the $37 level, the next important demand zone.
Currently, the chart of ZEC is showing a downward trend, with short sellers possibly watching for the continuation of the bearish momentum unless the bulls quickly reclaim what has been lost.
Other heavily loss-making projects
Divergence Loop (DLC) leads the loss group with a strong decline of 60%, followed by Central African Republican Meme (CAR), which evaporated 57.7% of its value, and Hamster Kombat (HMSTR) lost 54.8%.
Vincent
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Top winning and losing projects in the crypto market over the past week
This week, Bitcoin (BTC) maintains the level of $105,000 and Ethereum (ETH) above $2,500, supported by strong ETF capital flow. In the United States, the progress of the CLARITY and GENIUS bills signals a more friendly regulatory phase.
While BTC and ETH are moving sideways, smart money has turned to utility tokens, which have quietly led the inflow of capital. However, a portion of the market remains in the red, with some altcoins extending last week's downward trend.
Winners of the Week
AB (AB) – Utility token continues to rise in price
AB (AB) has maintained its upward momentum this week, climbing 44.64% and once again leading the growth surge.
AB started the week strong with a 15.12% increase in one day, reinforcing sustainable growth and bringing the token back to a 3-month high at $0.013.
While the RSI indicates overbought conditions, suggesting a short-term pullback, the trading volume increases (+17%) hint at the possibility of breaking through the resistance level. However, holding this level will be a real challenge.
Aerodrome Finance (AERO)
Aerodrome Finance (AERO) is making a strong comeback, recording an increase of 41.14% this week and is currently approaching the important resistance level of $0.79.
In early May, this region activated a strong retracement of 68%. However, the difference this time is that the structure of AERO seems much stronger.
Unlike many altcoins that have broken through key support levels, AERO has consistently reclaimed lost ground, a typical accumulation sign.
Buyers who entered during the dip are currently realizing significant profits, so the asset is likely to face selling pressure.
In fact, on June 14, AERO dropped by 7%, but the bulls quickly stepped in and recovered half of the losses with a strong rebound during the day.
If the bulls flip the $0.79 level into support, this price increase is likely to continue.
Kaia (KAIA) – Public blockchain witnesses a strong reversal in the middle of the week
Kaia (KAIA) ended the week with a 33% increase compared to the opening level of $0.105 and broke out of a 4-month consolidation period between $0.13 and $0.14.
This breakout marks an important structural change, attracting many short-term holders to take profits.
As a result, a strong pullback of 16.66% occurred, bringing the price down to $0.15.
However, KAIA has currently stabilized around this level, holding firm for two consecutive sessions. This could be a potential signal indicating that $0.15 is transitioning from a resistance level to a new support level.
If this level is held, it could serve as a launch pad for the next growth phase up to $0.20. With the market structure improving, KAIA may be entering a new accumulation zone before forming a new breakout.
Other notable active projects
In addition to the tokens mentioned above, some altcoins have captured all the attention this week.
Aura (AURA) leads with a growth of up to 22.184%, closely followed by Useless Coin (USELESS), climbing 540%, and Tagger (TAG) surging 72.5%.
Big Losers of the Week
DeXe (DEXE) – Open governance protocol for weekly loss limits
DeXe (DEXE) topped the ranking of the most heavily loss-making projects this week with a decrease of 16.95%, following a sharp drop of 24.52% last week, driven by a 31% plunge in just one day down to $8.29.
The bulls have established a brief recovery that pushed the price back above $10.50, but it seems that the momentum has yet to return.
Currently, this altcoin starts the new week with a decrease of 8.29%, triggering six consecutive red candles pulling DEXE back to $8.70, just above the main support level.
Until there is a clear reversal structure or a sudden increase in volume, the momentum will favor the bears.
Kaspa (KAS) – Blockchain PoW unable to maintain key support level
Kaspa (KAS) has decreased by 14.65% this week, closing at $0.072 after losing the important support level of $0.08.
Although it started last week with a 4.42% increase, the bulls failed to keep up, opening the door for a sharp decline to a three-month low.
The technical structure is currently leaning towards the bears. The inability to defend the $0.08 mark confirms the sellers' control in the short term.
However, this incident may lead to Long positioning setups. With the potential for a Short squeeze increasing, especially if $0.07 holds as a psychological support level.
But if this level is broken, KAS may reconsider the lower support areas, making the next few sessions a crucial time to confirm the direction.
Zcash (ZEC) dropped to its lowest level in the month
Zcash (ZEC) closed the week with a decrease of nearly 13%, sliding from an opening level of $48.72 down to around $43, marking a failure to reclaim the psychological resistance level of $50.
Although there was a bullish start, the rejection at the ceiling level triggered a reversal, with the price action currently experiencing a sharp decline.
The trading volume has decreased by more than 10%, and while the RSI is trending downwards, it has not yet entered the oversold territory, signaling that the potential for a sell-off may continue.
Unless buyers step in to defend the $40 level, ZEC is likely to target the $37 level, the next important demand zone.
Currently, the chart of ZEC is showing a downward trend, with short sellers possibly watching for the continuation of the bearish momentum unless the bulls quickly reclaim what has been lost.
Other heavily loss-making projects
Divergence Loop (DLC) leads the loss group with a strong decline of 60%, followed by Central African Republican Meme (CAR), which evaporated 57.7% of its value, and Hamster Kombat (HMSTR) lost 54.8%.
Vincent