After weeks of heavy losses, the crypto market has finally seen some light.
Bitcoin (BTC) And Ethereum (ETH) presented weak shows, but the general atmosphere improved considerably. This came after a US inflation report showed prices were rising more slowly, with inflation falling to 2.4%.
The labor market also remained strong, raising hopes that the Fed could soon cut interest rates. This often helps cryptography.
While larger coins remained silent, several smaller tokens saw significant gains…and losses. So to your coffees and teas! Here’s a look at this week’s biggest moves.
Weekly Winners
Strong buying pushes PIPPIN (PIPPIN) into a gigantic breakout
pippin (PIPPIN) rose from the accumulation zone of $0.16 to $0.20 to over $0.72, a gain of over 280% in just over a week!
Most trading activity was concentrated near the lower range, meaning buyers built strong positions ahead of the breakout.
Once price broke through this high-volume zone, resistance eased and upward movement occurred more quickly.
The RSI showed demand but showed no signs of reversal. The MACD was also bullish.
Source: TradingView
With the increase in the number of wallets and active incentives, PIPPIN’s rally was favored by incremental purchases. The trend could still continue.
ZCash (ZEC) boosted by DCG CEO’s claims
Zcash (ZEC) rose 33% this week after Digital Currency Group CEO Barry Silbert said 5-10% of Bitcoin (BTC) investments could go to privacy coins in the coming years.
He also called Zcash a project capable of generating 500x returns!
ZEC rose from around $230 to over $330 before settling at $307. This happened after days of consolidation, so investors were buying ahead of the move. The RSI was at 51, recovering from weak levels.
Humanitarian Protocol (H) reaches new heights
Humanity Protocol (H) is trading near $0.23 after gaining almost 90% from its recent base around $0.12. The steady series of higher highs and higher lows proves that the spike was supported by buying.
The RSI held above 70, while the MACD remained bullish.
This growth was accompanied by the integration of Humanity Protocol with Fireblocks. This development opens access to over 2,000 financial institutions, allowing professional investors to maintain and interact with H.
At the same time, its privacy-focused mainnet and decentralized identity infrastructure are attracting interest.
Other notable winners
Dogecoin (DOGE) is up 18% at the time of writing. Shiba Inu (SHIB) followed with a 12% rise, supported by retail activity. Meanwhile, Pi (PI) led the group with a 30% rally!
Weekly losers
MYX Finance (MYX) Falls Under Selling Pressure
MYX Finance (MYX) fell almost 70%, from around $6.30 to below $2.00, according to the daily chart.
The decline followed a period of consolidation near the upper Bollinger band, after which the price collapsed and continued to form lower lows.
Source: TradingView
The RSI has fallen to 26, placing MYX deep in oversold territory. At the same time, the CMF was negative, so capital withdrew.
Unless buyers step in to defend current levels, MYX may continue to face downward pressure in the near term.
Memecore (M) weakens with a fading rhythm
Memecore (M) came under pressure after failing to hold its early February highs near $1.85. There was a rejection followed by a steady decline, with the price being around $1.27 at press time.
This represents a drop of more than 10% in recent sessions.
The token attempted to stabilize between $1.30 and $1.45, but repeated declines proved the lack of confidence among buyers. The RSI slipped to 41.
The previous rally resulted in heavy selling at higher levels, forcing M to enter a consolidation phase.
Aptos (APT) loses its footing
Aptos (APT) fell from around $1.10 to below $1.00, trending steadily downward before finding weak support near $0.90. Although there has been a slight rebound since then, the recovery has not been strong enough to reverse the situation.
The RSI was near oversold territory at 29. Meanwhile, the OBV was weak, so buyers had not come back in force.
The APT is trying to stabilize, but confidence still seems fragile. Unless it can convincingly reclaim the $1.00 to $1.10 range, the token could be stuck in a fragile recovery phase.
Other notable losers
Story (IP) fell 6%, while Bitget Token (BGB) fell 7% at a fading pace. Meanwhile, DoubleZero (2Z) saw the worst decline of the group, sliding 13% as sellers took control.
And it’s the week in crypto!
If there’s always one thing to remember, it’s this. Things can change quickly; Today’s biggest winner can easily become next week’s biggest loser. So stay curious, stay safe, and always DYOR before jumping into the hype.
We’ll look at the rankings and see you next week!
Final Summary
- PIPPIN jumped 280%, Humanity Protocol 90%, and Zcash 33%.
- Market dynamics extend far beyond major coins.
