The cryptocurrency market experienced significant volatility this week as major assets came under sustained selling pressure. Bitcoin fell below the $80,000 level while Ethereum dropped below $2,300, creating headwinds across the broader market. Despite these challenges, memecoins emerged as notable gainers, offering a contrasting bright spot in an otherwise bearish environment.
Weekly Winners
MemeCore [M] led the gainers, rising 22-33% as buying interest returned. The token approached its $0.97 resistance level before profit-taking emerged, with the daily RSI exceeding 70. Support levels to watch include $0.90, with a break above $0.97 potentially bringing the $1.00 psychological mark into view. However, the token remains below longer-term trend averages.
Pepe [PEPE] climbed approximately 11% over the week, rallying to near $0.0000051 before retreating to around $0.0000044. The memecoin showed signs of buyer interest but faced persistent selling pressure. With RSI near 55, momentum has cooled from recent highs. Key resistance sits around $0.00000536.
Venice Token [VVV] gained about 10% but experienced profit-taking pressure around the $27 level, pulling back toward $24.50. Weekly RSI at 60 suggests bulls are gaining traction without becoming overbought. The $25-27 range remains critical for determining continued strength.
Other notable gainers included Yellow [YELLOW] with a 386% surge, Irys [IRYS] up 253%, and Janction [JCT] climbing 224%.
Weekly Losers
Bitway [BTW], a Layer-1 blockchain, recorded its first bearish week following a recent rally. After reaching $2.43, the token declined to $1.76 as sellers capitalized on gains. Daily RSI near 48 indicates slowed bullish momentum. Support levels at $1.60-$1.65 are critical, with recovery potential toward $1.85 and $2.00 if buyers defend these zones.
Aerodrome Finance [AERO], a decentralized exchange on Base, fell 18% to approach $0.68. RSI below 38 signals weak buying power and oversold conditions. The $0.67 support level is key, with potential bounce targets at $0.73 if buyers emerge.
Filecoin [FIL] declined approximately 12.5% toward $0.93 as sellers maintained control. The token struggled to hold above $1.00 following its recent upswing. Bitcoin volatility and general risk-off sentiment contributed to selling pressure. Support at $0.92 is critical, with potential further weakness toward $0.87 if this level breaks.
Major losers also included Manadia [UMXM] down 63%, Hookr.fun [HOOKR] falling 42%, and The Black Bull [ANSEM] slipping 38%.
Market Outlook
Sellers maintained the upper hand throughout the week, with general market uncertainty limiting recovery attempts. Traders continue watching for signs of stabilization across major and minor assets.
