- Biggest gainers: Toncoin [TON], KAVA [KAVA], Story [IP].
- Biggest losers: Ethena [ENA], Ethereum Name Service [ENS], Hedera [HBAR].
The cryptocurrency market displayed notable polarization this week, with clear winners and losers emerging across different sectors.
While several tokens posted double-digit gains, defying broader market sentiment, others continued their downward trajectories, highlighting the importance of selective positioning in the current trading environment.
This week’s biggest winners
Toncoin [TON]: Telegram-backed token breaks out
Toncoin [TON] emerged as this week’s standout performer, surging 20% from $2.90 to $3.47.
The Telegram-backed cryptocurrency demonstrated remarkable strength after consolidating throughout early March, finally breaking out of its range with explosive momentum.
The rally began gradually, with TON building a solid foundation around $2.90 during the first half of the week.
Momentum accelerated significantly on the 15th of March, when the token pushed through key resistance at $3.00, triggering what appears to be a combination of fresh buying and short covering.
The most dramatic price action occurred on the 16th of March, when TON exploded from $2.95 to a weekly high of $3.60 in a single session, marking its largest single-day gain in over three months.
Trading volume spiked dramatically during this surge, reaching $7.16 million, more than triple the average daily volume of recent weeks.
Source: TradingView
Technical indicators have turned firmly bullish, with the RSI climbing above 70 for the first time since December.
While this suggests slightly overbought conditions, the strong volume backing the move indicates substantial conviction behind the rally.
The weekly close at $3.47 positions TON above several key resistance levels that had previously capped advances since January.
This technical breakout and increased network activity on The Open Network blockchain suggest the possibility of continued upside momentum.
For traders looking ahead, $3.60 now represents the immediate resistance, with a break above potentially targeting the $4.00 psychological level.
Meanwhile, the newly established support zone between $3.30-$3.40 should be watched closely for any signs of weakness.
Kava [KAVA]: DeFi platform shows resilience
Kava [KAVA] had the second-highest gains in the markets this week, surging 18% from $0.42 to $0.49.
The DeFi platform token defied broader market weakness, showing remarkable resilience as it established a clear uptrend throughout the week.
The rally unfolded in two distinct phases, with KAVA initially climbing from $0.42 to $0.43 between the 10th and 12th of March before consolidating in a tight range.
The decisive breakout occurred on the 14th of March, when KAVA exploded through resistance, jumping 10% in a single session and triggering significant volume expansion.
After a brief period of sideways movement around $0.47, buyers returned on the 16th of March, pushing KAVA to fresh monthly highs at $0.49.
The token’s relative strength index remains elevated but not overbought, suggesting potential for continued upside.
Technical analysis shows KAVA has broken its multi-week resistance level at $0.46, which should now serve as solid support.
With increasing development activity on the Kava platform, this rally appears fundamentally supported beyond mere price speculation.
Story [IP]: Gaming token continues winning streak
Story [IP] extended its impressive run this week, climbing 15% from $4.90 to $5.65. The blockchain gaming token has now posted gains for weeks, cementing its position as one of 2025’s strongest performers.
The rally unfolded in a stair-step pattern, with IP building steady momentum through the 10th-12th of March before exploding higher on the 13th of March.
This breakout session saw the token surge from $5.50 to a weekly high of $6.40, representing a 16% intraday gain.
While profit-taking emerged above $6.30, triggering a partial retracement, buyers maintained support above the critical $5.60 level. This price action suggests healthy consolidation rather than trend reversal.
Trading volume remained consistently elevated throughout the week, particularly during the 13th of March surge, indicating genuine market interest beyond speculative activity.
The token’s resilience in maintaining most gains despite the broader market weakness highlights exceptional relative strength.
For traders eyeing potential entries, the $5.60 level represents significant support, with a rebound from this zone potentially targeting the recent highs above $6.30.
Other notable gainers
Beyond the top performers, the broader market saw several jaw-dropping moves.
Doginme [DOGINME] led the top 1,000 tokens with an extraordinary 346% gain, while Keyboardcat [KEYCAT] and Ancient8 [A8] followed with impressive gains of 162% and 125%, respectively.
This week’s biggest losers
Ethena [ENA]: Synthetic Dollar protocol under pressure
Ethena [ENA] suffered another punishing week, plummeting 17% from $0.44 to $0.36. The synthetic dollar protocol extended its multi-month downtrend as sellers remained firmly in control throughout the trading period.
The decline began immediately on the 10th of March, with ENA briefly spiking to $0.47 before aggressive selling pressure emerged.
This initial rejection proved significant, as the token failed to hold the $0.45 resistance level that had previously served as support in late February.
By the 12th of March, the selloff accelerated dramatically, with ENA breaking below the psychologically important $0.40 mark.
The token found temporary support around $0.36 on the 13th-14th of March, establishing a local bottom before a modest relief bounce emerged.
Despite this brief recovery attempt that pushed prices toward $0.37, sellers quickly regained control. The token’s inability to sustain even minor bounces signals persistent distribution rather than short-term profit-taking.
Technical indicators paint a grim picture for ENA holders. While showing occasional positive divergence, the RSI remains below 45, indicating bearish momentum.
The token’s position is more concerning relative to its moving averages, with both the 50-day ($0.40) and 200-day ($0.74) trending lower, maintaining the death cross formation established in January.
Source: TradingView
Trading volume has remained elevated throughout the decline, with nearly 873,000 units changing hands during the week. This suggests a strong conviction behind the selling pressure.
The current price action keeps ENA at its lowest levels since launch, having retraced over 70% from its December 2024 all-time high.
For any meaningful recovery, ENA must first reclaim and hold above the $0.38 level, followed by the more significant $0.40 resistance.
However, current market structure and momentum strongly favor additional downside, with the $0.34 support level representing the next critical test.
Ethereum Name Service [ENS]: Domain continues decline
Ethereum Name Service [ENS] continued its downward spiral this week, tumbling 15% from $20.00 to $16.95.
The domain protocol token opened Monday with immediate selling pressure, dropping 5% in the first session alone.
The decline accelerated sharply on the 11th of March, when ENS crashed through the critical $18.00 support level, triggering a cascade of liquidations that drove prices to a weekly low of $15.50.
While buyers emerged at this level, forming a potential double bottom with February’s lows, recovery attempts remained weak.
Mid-week consolidation around $16.50 provided temporary stability before a modest bounce emerged on the 15th of March, pushing ENS briefly above $17.40.
However, sellers quickly returned, capping the recovery and forcing the token back toward $17.00 by week’s end.
Technical indicators show ENS firmly in bearish territory, with the token trading well below both key moving averages.
For any meaningful recovery, ENS must first reclaim $18.00, though the current market structure suggests continued weakness ahead.
Hedera [HBAR]: Enterprise blockchain faces selling pressure
Hedera [HBAR] faced relentless selling pressure this week, dropping 14% from $0.22 to $0.19. The enterprise-focused blockchain token struggled to find support as bears dominated nearly every trading session.
The decline began immediately on the 10th of March, with HBAR plunging from $0.22 to $0.20 in the first session.
After a brief consolidation, sellers pushed the token lower on the 11th of March, breaching the critical $0.20 support level that had previously held since February.
The most significant breakdown occurred midweek, with HBAR touching a monthly low of $0.185 on the 14th of March, before a modest bounce emerged.
While this technical oversold condition triggered some relief buying, recovery attempts remained weak and short-lived.
Trading during the final sessions showed HBAR struggling to reclaim even $0.195, with each minor bounce meeting fresh selling. The consistent pattern of lower highs and lower lows confirms the bearish trend remains intact.
For any meaningful recovery, HBAR must first reclaim $0.20, though current market structure suggests this level may now serve as significant resistance rather than support.
Other notable declines
In the broader market, several tokens experienced dramatic losses.
Finvesta [FINVESTA] led the declines with a devastating 43% drop, followed by Tensor [TNSR] and Shadow Liquid Badger [BADGER], which plummeted 42% and 40%, respectively, during the week.
Conclusion
Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.
Thus, doing your own research [DYOR] before making investment decisions is best.
