Key Takeaways
Aster [ASTER], DeXe [DEXE], and Story [IP] led the week. In contrast, Fartcoin [FARTCOIN], SPX [SPX], and Raydium [RAY] saw significant declines.
This week in crypto was all about the Fed’s rate cut.
On the 17th of September, the Fed initiated a 25 bps cut, marking the first rate cut of 2025. Yet, Bitcoin [BTC] held steady, while Ethereum [ETH] and select altcoins saw short-term rallies, as investors remained measured.
The real buzz, however, came from hype coins, with a newly launched token shooting to the top of the charts and stealing the spotlight.
Weekly winners
Aster [ASTER] — Newly launched DEX token saw a four-digit surge
Aster [ASTER] topped this week’s gainers chart with a staggering 1,500%+ rally. The timing couldn’t have been better. Its launch coincided with the Fed’s first 2025 rate cut, driving capital straight into ASTER.
Notably, Aster’s debut saw it hit $0.58, surging over 500% within hours. In fact, the token’s market cap quickly approached $1 billion, bolstered by a strong endorsement from Binance founder Changpeng Zhao (CZ).
In short, capital flowed out of the rest of the market, with Bitcoin dipping 1.13% as FOMO around ASTER ran wild. However, on the daily chart, the hype is starting to fade.
Source: TradingView (ASTER/USDT)
After hitting an intraday $2 all-time high, ASTER pulled back 20%, with early HODLers taking profits. Still, the price is 10% off the day’s low, showing there’s still buying pressure and bullish structure holding.
If this holds, $1.50 could act as a strong demand zone, with overhead resistance still testing sellers. Consolidation here could set up a fresh leg higher if bulls reclaim momentum.
DeXe [DEXE] — Social trading platform logged its first 2025 breakout
DeXe [DEXE] came in second as the weekly gainer with a 67.17% pop off the $7 base, printing its longest green weekly candle since February 2024 and breaking out of a multi-month consolidation.
Technically, since its early-February high at $24, DEXE had been making lower lows on the weekly, with each breakout attempt rejected by supply from profit-taking, keeping DEXE trapped in a downtrend for months.
What’s different this time?
Buy-side pressure finally held the weekly structure, breaking above the $9.51 resistance level, which coincided with the 23.6% Fibonacci retracement, and its integration with TheOneTradeAI.
In short, FOMO is still alive, but the overheated RSI suggests momentum could stall. However, as long as the $9.50–$9.60 zone holds as support, the setup favors continuation.
Story [IP] — NFT project continued its bullish momentum
Story [IP] ended up as the third weekly winner with a 27% rally, pushing its price to $12.45. Unlike other altcoins on the list, IP has been stacking back-to-back weekly gains, reinforcing its bullish structure.
From a technical standpoint, IP has broken above key resistance levels, including the $10.27 mark, with the next level in focus around $14. The past four weeks have seen higher-high closes, keeping the structure intact.
Against this backdrop, even with overbought RSI, the 12% jump in volume to $290 million shows buyers are still active, suggesting the setup could support another leg higher if momentum holds.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
APX [APX] led the charge with a 1,413% surge, followed by CreditLink Token [CDL], which jumped 299%, and Hypurr Fun [HFUN], rallying 180% to round out the leaderboard.
Weekly losers
Fartcoin [FARTCOIN] — Meme token kept pushing deeper lows
Fartcoin [FARTCOIN] topped the weekly losers, down 12.45% from $0.87, as buyers stayed on the sidelines.
Technically, since its end-July high at $1.69, FARTCOIN has been in a clear downtrend, printing back-to-back red weekly closes despite the broader meme coin market gaining traction.
The $1 zone remains stiff resistance, capping rallies. In fact, FARTCOIN has failed to breach it four times in the past month, most recently topping out at $0.95. Unless it clears $, the path of least resistance stays lower.
Source: TradingView (FARTCOIN/USDT)
Structurally, if bears stay in control, FARTCOIN could revisit support zones around $0.80–$0.82, where buyers might step back in. A sustained break above $1, however, would be needed to shift the weekly structure.
SPX6900 [SPX] — Crypto index tracker saw bears regain control
SPX6900 [SPX] came in as the second weekly loser, down 10.46% to $1.20. Bulls haven’t shown enough follow-through, keeping SPX trapped in a volatile loop below the $2 overhead supply wall.
Backing this, after bouncing 18% off $1.05 early September, SPX hit a $2.30 top but got capped at the $1.50 supply zone, killing momentum. The week saw a 4% dip, a mid-week pop to $1.50, then a slide back to $1.20.
In short, volatility is running deep. With sellers still stacked overhead, a retest of $1.10 support looks likely unless buyers step in aggressively to reclaim control.
Raydium [RAY] — Solana-based DEX token failed to break resistance
Raydium [RAY] came in as the third weekly loser, down 8.10%, closing at $3.11 and printing its fourth straight lower weekly low, keeping the bearish structure intact.
The week started with a 3.9% drop off the $3.70 top, and a mid-week 5.85% bounce on the 17th of September failed to hold. By week’s close, RAY broke into mid-August support around $3.10.
Notably, this is the level that previously fueled a monthly rally to $4. With RSI still weak, buyers are hesitant, and the token looks set to test lower support unless momentum shifts.
Other notable losers
In the broader market, downside volatility hit hard.
Troll [TROLL] led the losers with a 42.5% drop, followed by Collector Crypt [CARDS] down 41.6%, and Four [FORM], which slipped 38.9% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
