- Top gainers: MANTRA (+18%), Jito (+8.88%), DeXe (+8.65%).
- Top losers: PENGU (-41%), VIRTUAL (-34%), XCN (-30%).
The crypto market displayed diverse trends this week, with select tokens posting notable gains amid broader market fluctuations, while others experienced significant corrections.
Biggest gainers
MANTRA [OM]
MANTRA [OM] has emerged as this week’s top performer, climbing from $4.50 to $5.15, marking an 18% gain. The token’s journey featured a dramatic spike on the 30th of January, which fundamentally altered its trading range.
The week began with MANTRA consolidating around $4.50, showing relatively low volatility.
However, the landscape changed dramatically when prices surged to $5.80 on the 30th of January, driven by significant buying pressure.
While profit-taking pulled prices back from these highs, the token has maintained much of its gains.
Recent trends showed MANTRA establishing a new support zone around $5.15 despite some downward pressure. The price action suggested a shift in the crypto market structure, with previous resistance at $4.75 now acting as support.
While the current consolidation near $5.15 indicated some uncertainty, the higher trading range and sustained volume suggest this move might have staying power.
Jito [JTO]
Meanwhile, Jito [JTO] has demonstrated strength, securing its position as this week’s second-best performer, climbing from $2.65 to $3.07, posting an impressive 8.88% gain.
The token’s price action demonstrates a well-structured recovery following an early-week bottom.
The week kicked off with JTO testing support at $2.65, creating what technical analysts often refer to as a springboard pattern before beginning its ascent.
A decisive move higher emerged on the 30th of January, when prices broke through multiple resistance levels, eventually reaching $3.50.
Trading volume, at 619.4K JTO at press time, remained healthy throughout the advance, validating the upward momentum.
From a technical perspective, JITO maintained a strong position above both its 50-day (3.0372) and 200-day (2.7104) moving averages, confirming the bullish market structure.
The RSI at 51.48 sat in neutral territory, suggesting room for further upside without immediate overbought concerns.
Source: TradingView
Today’s trading shows continued strength, with a 2.40% gain as the token stabilizes around the $3.07 level.
What’s particularly noteworthy is the price behavior around the $3.00 support level, which has held firm despite recent market volatility.
The volume patterns during this consolidation phase suggest institutional accumulation rather than retail-driven speculation.
While some profit-taking near current levels wouldn’t be surprising, the overall technical picture remained constructive.
The key level to watch is $3.00, which should now provide support for any retracements. The measured pace of the advance suggests this rally has sustainable characteristics.
DeXe [DEXE]
Similarly, DeXe [DEXE] has caught traders’ attention, securing its position as one of this week’s top performers. It rebounded from $20.00 to $21.70 for an 8.65% gain.
The token’s journey this week has been particularly noteworthy for its dramatic V-shaped recovery following a sharp selloff.
The week’s defining moment came on the 29th of January, when prices plunged to $14.00 in a dramatic selling event.
However, buyers swiftly stepped in, initiating a powerful recovery that pushed prices back above the $20.00 mark. This reversal demonstrated remarkable market resilience and strong buyer conviction.
Recent trading showed DEXE consolidating above $21.00, with the recovery maintaining its momentum through smaller, constructive pullbacks.
The price action since the bounce suggests systematic accumulation rather than reactive buying, with each minor dip finding support at progressively higher levels.
While some consolidation near current levels would be healthy, the strong recovery pattern indicates potential for further upside.
Top 1,000 gainers
Beyond the top performers, the broader market showed significant activity, with WhiteRock [WHITE] leading the top 1,000 tokens with a 317% surge.
Following closely, NFTX [NFTX] and AI Companions [AIC] posted impressive gains of 315% and 280%, respectively.
Biggest Losers
Pudgy Penguins [PENGU]
On the opposite end of the spectrum, Pudgy Penguins [PENGU] experienced significant headwinds. It endured another brutal week of trading, plummeting from $0.028 to $0.014, recording a 41% decline.
The token’s price action reveals relentless selling pressure, with few signs of reprieve.
The week began with immediate selling, as PENGU broke below crucial support at $0.025. What followed was a systematic deterioration in price, with each attempted bounce meeting fresh waves of selling.
The decline accelerated through mid-week, with prices finding temporary support around $0.017 before succumbing to further pressure.
Recent trading showed the token struggling to maintain even the $0.014 level, with declining volume during relief attempts suggesting waning buyer interest.
While oversold conditions might typically spark a technical bounce, the persistent selling pressure and lack of substantial support levels paint a concerning picture.
The current price structure suggests the potential for further weakness unless a significant shift in market sentiment emerges.
Virtuals Protocol [VIRTUAL]
Equally, Virtuals Protocol [VIRTUAL] encountered substantial selling pressure, plunging from $2.50 to $1.64, marking a substantial 34% loss.
The price action reveals an accelerating downtrend with few signs of meaningful support.
The weekly chart painted a grim picture, beginning with immediate selling pressure that pushed prices below the critical $2.40 level.
A brief pause around $2.10 proved temporary, as sellers remained firmly in control. The decline intensified on the 1st of February, when the token rapidly broke through multiple support levels.
From a technical perspective, VIRTUAL now trades well below both its 50-day (2.9746) and 200-day (0.9938) moving averages, indicating significant deterioration in the crypto market structure.
The MACD showed deepening negative momentum with readings at -0.09307, while volume patterns suggested sustained selling pressure at 366.58K VIRTUAL.
Source: TradingView
Press time trading showed a modest 2.63% bounce to $1.64, though this appeared more technical than a signal of trend reversal.
The price action continued to form lower highs and lower lows, a classic bearish pattern, which showed that the downward pressure might not be over.
The most concerning aspect is the lack of substantial buying interest during recent pullbacks, with volume notably higher during down moves than relief rallies.
While the token maintained a position above its 200-day moving average, offering some long-term technical support, the immediate outlook remains challenging without a significant shift in market sentiment.
Onyxcoin [XCN]
Onyxcoin [XCN] has surrendered its recent gains, tumbling from $0.045 to $0.031, recording a steep 30% decline. The token’s descent this week showcases a classic pattern of post-rally exhaustion and accelerating selling pressure.
The week opened with immediate weakness as XCN dropped from $0.045, briefly finding support at $0.035 before another leg down pushed prices toward $0.023 on the 28th of January.
While buyers emerged at these levels, sparking a bounce to $0.038, the recovery proved short-lived.
Recent trading shows the token struggling to maintain ground above $0.030, with each attempted bounce meeting fresh selling pressure.
The succession of lower highs and lower lows, coupled with declining volume during relief rallies, suggests continued vulnerability.
While oversold conditions might prompt a technical bounce, the damaged market structure indicates buyers remain hesitant at current levels.
Top 1,000 losers
In the broader market context, Pippin [PIPPIN] led the declines among the top 1,000 tokens with a 73% drop, followed by VINE [VINE] and Griffain [GRIFFAIN], which recorded 64% and 59% losses, respectively.
Conclusion
Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the crypto market, where prices can shift rapidly.
Thus, doing your own research (DYOR) before making investment decisions is best.
