- Onyxcoin, Lido DAO, and Gate Token were the week’s biggest winners.
- OFFICIAL TRUMP, THORChain, and Fartcoin had the biggest losses of the week.
The cryptocurrency market demonstrated remarkable contrasts this week, featuring explosive gains alongside dramatic corrections.
From established tokens showing sustained growth to newly launched projects experiencing significant volatility, the market clearly illustrated both opportunity and risk in the digital asset space.
Biggest winners
Onyxcoin [XCN]
Onyxcoin [XCN] has delivered a spectacular performance this week, surging from $0.01 to $0.0493, posting a staggering 421% gain, making it the week’s top performer.
The token’s price action revealed a carefully orchestrated accumulation phase, followed by explosive momentum.
The early week saw XCN consolidating around $0.01 levels, building a base that would later serve as a springboard for its remarkable ascent.
The breakthrough came on the 24th of January, when prices suddenly jolted upward, breaking through multiple resistance levels with conviction.
Trading volume exploded to 6.73B XCN during this phase, indicating massive buyer interest.
From a technical perspective, XCN had decisively broken above both its 50-day (0.00599) and 200-day (0.00260) moving averages at press time, confirming a strong bullish trend.
The RSI has pushed into extremely overbought territory at 96.51, though such readings can persist during strong trend initiations.
Source: TradingView
Trading at press time showed continued strength, with another 40.90% gain, pushing prices to fresh highs of $0.04934.
The price action demonstrated strong buyer conviction, with each minor dip quickly absorbed by fresh demand. Volume patterns suggested institutional participation alongside retail interest, providing depth to the rally.
While momentum remained firmly bullish, the speed and magnitude of the advance suggested that a consolidation phase could emerge.
The previous resistance zone around $0.03 should now provide support for any retracements, though the strength of the uptrend suggested that dips might be shallow and short-lived.
Lido DAO [LDO]
Meanwhile, Lido DAO [LDO] has emerged as another standout performer, climbing from $1.60 to $2.15 for an impressive 27% gain.
The token’s price action showed a methodical recovery from early-week lows, culminating in today’s powerful breakout.
The week kicked off with LDO finding support around $1.60 before staging a series of higher lows that built the foundation for its current surge.
A notable pivot point emerged on the 24th of January, when prices broke above $2.00, establishing a new support level that would fuel further advances.
The most recent price action has been particularly decisive, with today’s strong green candle pushing through previous resistance levels with conviction.
Volume patterns during the advance suggested genuine institutional interest rather than retail-driven speculation.
While the current momentum remained strongly bullish, traders should watch the $2.00 level as crucial support for maintaining the upward trajectory.
Gate Token [GT]
Similarly, Gate Token [GT] has demonstrated impressive stability, rising from $20.00 to $25.50, marking an impressive 27% gain.
The token’s ascent stands out for its methodical nature, displaying a rare combination of consistent buying pressure and minimal retracements.
The weekly chart mapped out a textbook uptrend, with prices establishing higher lows and higher highs throughout the period.
A notable acceleration occurred on the 24th of January, when GT broke above the $23.00 resistance level with increased momentum. This breakthrough set the stage for the push toward current levels.
What’s 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 dips.
While some consolidation might be expected after such a sustained move, the orderly nature of the advance suggests this uptrend could have further room to run.
Top 1,000 gainers
Beyond the top performers, the broader market showed significant activity, with Newton project (NEW) leading the top 1,000 tokens with a remarkable 1,090% surge.
Following closely, OSOL and XPR Network posted impressive gains of 333% and 326%, respectively, highlighting the depth of opportunity across the market spectrum.
Biggest losers
OFFICIAL TRUMP [TRUMP]
Official Trump [TRUMP] experienced a dramatic reversal on the opposite end of the spectrum, plummeting from its debut high of $72.00 to $31.00, marking a steep 53% decline.
The token’s price action revealed a classic case of post-launch selling pressure overwhelming initial enthusiasm.
The week began with tremendous excitement as TRUMP hit the markets, quickly surging to $72.00 amid frenzied buying. However, this euphoria proved short-lived, as profit-taking emerged almost immediately.
The first significant drop saw prices cascade to $45.00, with bounce attempts finding increasingly lower levels of support.
A brief consolidation phase around $42.00 on the 22nd of January offered temporary hope for stabilization, but sellers remained firmly in control.
The subsequent days witnessed a methodical deterioration in price, with each attempted recovery meeting fresh waves of selling pressure.
Trading volume, which peaked during the initial launch, has gradually declined, suggesting exhaustion among both buyers and sellers.
Source: CoinGecko
Most concerning is the consistent pattern of lower highs and lower lows throughout the week.
While the press time action shows some signs of stabilization around $31.00, with small green candles appearing, the overall technical damage remains significant.
The recent sideways movement might indicate a temporary bottom formation, though previous support levels will likely act as resistance on any recovery attempts.
The sharp decline from launch highs offered a stark reminder of the volatile nature of new token launches, particularly in the memecoin sector.
While current levels might attract bargain hunters, the technical picture suggested until a more concrete bottoming pattern emerges.
Fartcoin [FARTCOIN]
Meanwhile, Fartcoin [FARTCOIN] struggled to maintain support, tumbling from $2.40 to $1.35, recording a severe 36% decline.
The token’s price action revealed a clear breakdown in buyer confidence and accelerating selling pressure.
The week opened with initial support around $2.20, quickly giving way, leading to a cascade of selling that briefly stabilized near $1.80 on the 22nd of January.
This respite proved temporary as sellers regained control, pushing prices through multiple support levels with increasing momentum.
Recent trading showed prices attempting to find footing around $1.35, though the succession of red candles suggests continued selling pressure.
While small bounces have emerged near current levels, each recovery attempt has been met with fresh waves of selling.
The lack of substantial buying interest during dips and declining volume on relief rallies suggests the downward pressure could persist, though oversold conditions might spark a technical bounce.
THORChain [RUNE]
Additionally, THORChain’s [RUNE] performance reflected broader market uncertainties, dropping from $3.60 to $2.60, marking a steep 27% decline.
The token’s descent has been particularly sharp, characterized by accelerating selling pressure and failed recovery attempts.
The week began with RUNE hovering around $3.60 before sellers took control, pushing prices steadily lower.
A significant breakdown occurred on the 24th of January, when the token plunged through the $3.00 support level, triggering a cascade of selling that drove prices toward $2.20.
While buyers emerged at these lower levels, sparking a bounce toward $2.75, the recovery appears tentative.
Recent price action shows the token struggling to maintain momentum above $2.60, with each attempted rally meeting fresh selling pressure.
The series of lower highs and lower lows suggests the downward trend remains intact, though oversold conditions could prompt a technical bounce. The key level to watch is $2.50, which might provide near-term support.
Top 1,000 losers
In the broader market context, MAGA TRUMP led the declines among the top 1,000 tokens with a 63% drop, followed by American Coin and Comedian, which recorded 54% and 49% 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 market, where prices can shift rapidly.
Thus, doing your own research (DYOR) before making investment decisions is best.
