- Onyxcoin, Lido DAO and Gate Token were the biggest gainers of the week.
- OFFICIAL TRUMP, THORChain and Fartcoin recorded the biggest losses of the week.
The cryptocurrency market showed remarkable contrasts this week, with explosive gains and dramatic corrections.
From established tokens showing sustained growth to newly launched projects experiencing significant volatility, the market has clearly illustrated both the opportunities and risks in the digital asset space.
The biggest winners
Onyxcoin (XCN)
Onyxcoin (XCN) performed spectacularly this week, rising from $0.01 to $0.0493, posting a staggering 421% gain, making it the best performer of the week.
The token’s price action revealed a carefully orchestrated accumulation phase, followed by explosive momentum.
At the start of the week, XCN consolidated around $0.01, building a base that would later serve as a springboard for its remarkable rise.
The breakthrough came on January 24, when prices suddenly shot up, convincingly breaking through several resistance levels.
Trading volume exploded to 6.73 billion XCN during this phase, indicating massive buyer interest.
From a technical perspective, XCN had decisively surpassed its 50-day (0.00599) and 200-day (0.00260) moving averages at press time, confirming a strong uptrend.
The RSI has entered extreme overbought territory at 96.51, although such numbers can persist during strong trend initiations.
Source: TradingView
At press time, trading showed continued strength, with an additional gain of 40.90%, pushing prices to new highs of $0.04934.
Price action demonstrated strong buyer conviction, with each minor decline quickly absorbed by new demand. Volume patterns suggest institutional participation alongside retail interest, giving depth to the rally.
Although momentum has remained firmly bullish, the speed and scale of the advance suggests that a consolidation phase may emerge.
The previous resistance area around $0.03 should now provide support for any retracement, although the strength of the uptrend suggests that declines could be shallow and short-lived.
Lido DAO (LDO)
Meanwhile, Lido DAO (LDO) became another notable mover, rising from $1.60 to $2.15 for an impressive 27% gain.
The token’s price action has shown a methodical recovery from the lows earlier in the week, culminating in today’s powerful breakout.
The week began with LDO finding support around $1.60 before staging a series of higher lows that laid the foundation for its current rise.
A notable pivot point appeared on January 24, when prices broke above $2.00, establishing a new support level that would fuel further advances.
The most recent price action was particularly decisive, with today’s strong green candle convincingly breaching previous resistance levels.
Volume trends during the advance suggest genuine institutional interest rather than retail-driven speculation.
Although the current momentum remains strongly bullish, traders should view the $2.00 level as crucial support to maintain the upward trajectory.
Door Token (GT)
Likewise, Gate Token (GT) demonstrated impressive stability, rising from $20.00 to $25.50, an impressive gain of 27%.
The token’s rise is notable for its methodical nature, displaying a rare combination of consistent buying pressure and minimal retracements.
The weekly chart traces a classic uptrend, with prices setting higher lows and higher highs throughout the period.
A notable acceleration occurred on January 24, when GT broke above the $23.00 resistance level with increased momentum. This breakthrough paved the way for a push towards current levels.
What is particularly striking is the lack of significant pullbacks during the advance, suggesting strong holder conviction and steady accumulation.
The latest price action shows continued strength near $25.50, with buyers quickly absorbing intraday declines.
Although some consolidation can be expected after such a sustained move, the orderly nature of the advance suggests that this uptrend could still continue.
Top 1,000 winners
Beyond the top performers, the market as a whole showed significant activity, with Newton Project (NEW) leading the top 1,000 tokens with a remarkable 1,090% increase.
Following closely behind, OSOL and XPR Network saw impressive gains of 333% and 326%, respectively, highlighting the scale of opportunity across the entire market spectrum.
The biggest losers
OFFICIAL ASSET (ASSET)
Trump Official (TRUMP) experienced a dramatic reversal on the opposite end of the spectrum, falling from its first high of $72.00 to $31.00, a sharp decline of 53%.
The token’s price action revealed a classic case of post-launch selling pressure overwhelming initial enthusiasm.
The week started with huge excitement as TRUMP hit the markets, quickly climbing to $72.00 amid frenzied buying. This euphoria proved to be short-lived, however, as profit-taking emerged almost immediately.
The first significant decline saw prices fall as low as $45.00, with rebound attempts finding increasingly weak support levels.
A brief phase of consolidation around $42.00 on January 22 offered temporary hope of stabilization, but sellers remained firmly in control.
The following days were marked by a methodical deterioration in prices, with each recovery attempt met with new waves of selling pressure.
Trading volume, which peaked during the initial launch, gradually declined, suggesting exhaustion among both buyers and sellers.
Source: CoinGecko
Most worrying is the consistent pattern of lower highs and lower lows throughout the week.
Although the stock at press time is showing signs of stabilizing around $31.00, with small green candles appearing, the overall technical damage remains significant.
The recent sideways movement could indicate a temporary bottom forming, although previous support levels will likely act as resistance to any recovery attempts.
The sharp decline from launch highs was a stark reminder of the volatile nature of new token launches, especially in the memecoin sector.
Although current levels could attract bargain hunters, the technical picture suggests that we will have to wait until a more concrete bottom emerges.
Fartcoin (FARTCOIN)
Meanwhile, Fartcoin (FARTCOIN) struggled to hold its support, falling from $2.40 to $1.35, recording a sharp decline of 36%.
The token’s price action revealed a clear breakdown in buyer confidence and an acceleration in selling pressure.
The week began with initial support around $2.20, which quickly gave way, leading to a cascade of selling that briefly stabilized near $1.80 on January 22.
This respite proved temporary as sellers regained control, pushing prices through multiple support levels with increasing momentum.
Recent trading has shown prices attempting to stabilize around $1.35, although the succession of red candles suggests continued selling pressure.
Although small rebounds have appeared near current levels, each recovery attempt has been met with new waves of selling.
The lack of substantial buying interest during dips and lower volumes during relief rallies suggest that downward pressure could persist, although oversold conditions could trigger a technical rebound.
THOR Chain (RUNE)
Additionally, THORChain’s (RUNE) performance reflects broader market uncertainties, dropping from $3.60 to $2.60, a sharp decline of 27%.
The token’s fall was particularly brutal, characterized by accelerated selling pressure and unsuccessful recovery attempts.
The week started with RUNE hovering around $3.60 before sellers took control, pushing prices steadily lower.
A significant breakdown occurred on January 24, when the token plunged past the $3.00 support level, triggering a cascade of selling that pushed prices towards $2.20.
Even though buyers emerged at these lower levels, triggering a rebound towards $2.75, the recovery appears tepid.
Recent price action shows that the token is struggling to maintain momentum above $2.60, with each rally attempt encountering fresh selling pressure.
The series of lower highs and lower lows suggests that the downtrend remains intact, although oversold conditions could cause a technical rebound. The key level to watch is $2.50, which could provide near-term support.
Top 1,000 losers
In the broader market context, MAGA TRUMP led the decline among the top 1,000 tokens with a 63% decline, followed by American Coin and Comedian, which saw losses of 54% and 49%, respectively.
Conclusion
Here’s the weekly recap of the biggest winners and losers. It is essential to keep in mind the volatile nature of the market, where prices can change quickly.
So it is best to do your own research (DYOR) before making any investment decisions.
