Key Takeaways
Tezos [XTZ], Curve DAO Token [CRV], Ethena [ENA] led the week with sharp price surges. In contrast, Pump.fun [PUMP] , Hyperliquid [HYPE], and Pi [PI] saw significant declines.
This week, the crypto market saw major milestones. The U.S. passed the GENIUS Act. Bitcoin [BTC] hit a new all-time high near $123k, while Ethereum [ETH] surged above $3,400.
Meanwhile, institutional momentum rose as Standard Chartered launched BTC/ETH trading and Peter Thiel’s fund invested in BitMine.
And yet, select altcoins posted stronger gains, capitalizing on growing traction within their sectors.
Weekly winners
Tezos [XTZ] — Layer-1 blockchain broke out to multi-month highs
Tezos [XTZ] led the altcoin pack this week with an 80%+ move off its $0.64 base. After months of chop, it finally reclaimed the key $1 psychological level it lost back in Q1.
The week started with another retest of the $0.64 supply wall. But unlike previous three failed breakouts, this time it saw three straight sessions of steady upside, hinting at building momentum.
The real breakout came on the 19th of July, when XTZ exploded 48.48% in a single day, marking its biggest daily candle since November.
Interestingly, that one move made up over half of XTZ’s weekly gains and sent its RSI flying into overbought territory.
Source: TradingView (XTZ/USDT)
If bulls keep stacking bids and momentum holds, XTZ could push toward the $1.20 resistance zone next week.
But if things get too overheated, and we see forced liquidations or profit-taking kick in, a snap back below the $1 handle is definitely in play.
Curve DAO Token [CRV] — DeFi protocol faced resistance at a major supply wall
Curve DAO Token [CRV] clocked in as the second-biggest gainer this week, rallying 61% off its $0.61 open.
Interestingly, its price action tracked pretty closely to XTZ. CRV smashed through the $0.75-$0.85 supply zone and tagged the $1 level.
But unlike XTZ, bulls couldn’t keep it pinned above resistance, and we saw a quick 2.17% intraday fade.
Still, there was no major trigger behind the dip, and this looks more like a healthy pause in a continuation move that started last week.
CRV bounced right back with a clean 3.78% push above $1, showing the trend’s still intact. If bulls keep momentum rolling, a run toward the $1.10 target looks likely.
Ethena [ENA] — Banking protocol rebounded sharply from recent lows
Ethena [ENA] snagged the third spot on this week’s leaderboard with a 56% rally off its $0.32 base. This week was a clear inflection point for the chart.
Price opened by grinding into a key resistance level it’s failed to flip four times since May, marking a key psychological lid.
But after four days of steady bids, momentum built up, and FOMO kicked in hard on the 19th of July with an 11.20% intraday spike that took it straight into the $0.40 supply wall.
Bulls didn’t flinch. ENA broke out clean with a 15.11% move that sent it ripping past $0.50, for the first time since the Jan/Feb cycle highs.
With momentum still hot and structure looking solid, ENA could have more gas in the tank. If bulls hold the range, eyes are on a possible run toward the $0.65 target next week.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
DOWGE [DJI6930] led the charge with a staggering 240% surge, followed by Cross [CROSS], which jumped 145%, and Elixir [ELX], rallying 144% to round out the leaderboard.
Weekly losers
Pump.fun [PUMP] — Utility-focused memecoin saw a mid-week pullback
Pump.fun [PUMP] wrapped up the week as the top loser, bleeding nearly 40% to close around $0.004.
The selloff came fast and late, classic signs of a “hype cycle” topping out. After launch, PUMP ran hot with back-to-back green candles, pumping over 26% to tag $0.006.
But once the early exit liquidity dried up, the rug came quick, profit-taking kicked in hard, and momentum flipped bearish into the weekend.
Source: TradingView (PUMP/USDT)
That said, an intraday bounce of 8.86% off the lows back to $0.004 showed some classic “buy the dip” behavior.
If bulls keep the pressure and broader sentiment stays risk-on, PUMP could flip the script and make its way back into the gainer zone.
Still, it needs to prove it. Watch for a clean base to form — A day or two of sideways consolidation to lock in a solid floor. Without that, this bounce could just be another dead cat in a fading hype cycle.
Hyperliquid [HYPE] — L1 blockchain retraced after hitting key resistance level
Hyperliquid [HYPE] ended the week down 6.5% from its $48 open, landing as the second-biggest loser on the board.
But honestly, the pullback was pretty textbook.
After tagging a new ATH at $49.42 on the 13th of July, HYPE followed its usual pattern – Cooling off for a few sessions before looking for a higher low.
This time was no different. After four red candles, HYPE found support around $45 and bounced nearly 3% over the next two days.
If that level holds and bulls keep defending the range, HYPE could be eyeing another leg up, with a clean breakout above $50 potentially on deck next week.
Pi [PI] — Social-driven digital asset posted lower lows
Pi [PI] wrapped the week down 4.2% from its $0.46 open, landing as the third-biggest loser on the charts.
But zoom out to the weekly timeframe, and the trend looks even rougher. PI has now posted five consecutive weekly lower lows, with the most recent candle closing at $0.44.
Despite RSI dipping deep into oversold territory, there’s been little sign of dip-buying, suggesting buyers are either sidelined or waiting for a stronger signal.
The structure remains firmly bearish, and unless bulls step in to flip the trend, PI looks set to revisit the $0.40 zone next week.
That would mark its sixth straight lower low since June — A clear sign the downtrend is still in full control.
Other notable losers
In the broader market, downside volatility hit hard.
Launch Coin on Believe [LAUNCHCOIN] led the losers with a 47% drop, followed by FiMarkCoin [FMC], down 41%, and MemeCore [M], which slipped 36% 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.
