Crypto Weekly Roundup: Top Gainers and Losers Featuring PENGU, SEI, KAIA, and CRV

This past week in the crypto market felt like a rollercoaster ride, with plenty of ups and downs. Memecoins like Pudgy Penguins [PENGU] surged while others, like Kaia [KAIA], saw drops.

Bitcoin made a notable comeback after hitting a low of $98k, jumping nearly 10% to breach the resistance at $107k. This lifted investor confidence for short-term trading, drawing in capital for speculative moves. However, the overall mood was mixed, with many traders feeling uncertain.

Top Movers

Pudgy Penguins [PENGU]

Pudgy Penguins took the spotlight, rising 60% to hit around $0.015. This increase stemmed from a classic short squeeze as excitement in the memecoin sector returned. After some early bumps, the price ignited with traders buying aggressively, driving up interest.

Sei [SEI]

Sei gained traction as well, climbing 51% after opening at $0.19. It marked its second week of notable growth, breaking through the $0.20 resistance level and staying above it.

Maple Finance [MAPLE]

Maple Finance also had a strong week, rallying nearly 50% from an opening of $0.43. It reached an all-time high of $0.65, showing significant demand. But historically, it’s prone to pullbacks, so watching for support around $0.50 will be crucial.

Other Notable Winners

In the altcoin sector, AI Champions surged by 136.2%, while Bananas For Scale jumped 89.3%. MMX rounded out the leaderboard with a solid increase of 79.6%.

Biggest Declines

Kaia [KAIA]

Kaia flipped from last week’s highs, dropping 5.55% after failing to sustain momentum and hitting resistance at $0.20. With multiple red days, traders are now cautious around the $0.15 to $0.16 support level.

GateToken [GT]

GateToken saw a slight decline of 4%, facing selling pressure after its recent bounce. The lack of buyer interest at the $15 support price could signal more downside if it breaks further.

Curve DAO Token [CRV]

Curve DAO Token dropped 3%, stuck in a tight range. Trading resumed under $0.50, raising concerns about further declines. The $0.35 level is now critical for support.

Overall Market Trends

This week highlighted Gemini’s volatility, with big swings across various cryptocurrencies. Many are preparing for more movement next week, considering historical patterns in crypto. The sentiment, while shaky, remains ripe for opportunities as traders remain interested in both risk and reward.

With the market continuously shifting, it’s essential for investors to stay informed and agile. Embrace the volatility, but always tread carefully.

Source link

ambcrypto