- Hedera, Curve DAO Token, and IOTA were the greatest winners of the previous week.
- Core, Raydium, and Stellar Lumens were the most significant losers of the previous week.
The cryptocurrency market saw considerable action today, with Hedera [HBAR] becoming a standout entertainer, boasting a remarkable 86.07% gain.
Along With HBAR, Curve DAO [CRV] and IOTA [IOTA] Provided noteworthy rallies, while Core DAO [CORE] had a hard time under offering pressure.
From golden cross developments to sharp corrections, here’s a photo of this week’s leading gainers and losers and what their rate motions expose about market belief.
Most significant winners Hedera [HBAR]
HBAR declared the spotlight this previous week, becoming the greatest gainer with an amazing 86.07% boost.
Beginning the week at $0.20868 after a remarkable 22.49% increase, HBAR developed on its momentum with a shocking 49.34% increase the following day, reaching $0.31165.
The day-to-day chart showed a bullish structure, with the 50-day moving average ($0.11828) crossing above the 200-day moving average ($0.07955), verifying a golden cross.
The RSI at 74.59 showed overbought conditions, which recommended the possibility of debt consolidation or a small correction in the short-term.
The MACD stayed in favorable area, highlighting ongoing bullish momentum, although its pie chart reveals indications of decreasing strength.
Source: TradingView
Towards completion of the week, HBAR saw some profit-taking, leading to a 9.65% decrease, bringing its rate to $0.33250.
Regardless of the dip, HBAR has actually kept its upward trajectory, supported by strong trading volumes. Its market capitalization was $12.6 billion.
Its volume was $1.9 billion however had actually decreased by practically 50% in the last 24 hours.
Curve DAO Token [CRV]
Curve DAO had an excellent efficiency over the previous week, becoming the second-biggest winner with an 83.78% boost, according to information from CoinMarketCap.
The week started on a somewhat unfavorable note with a 1.57% decrease, positioning the token around $0.670. The market rapidly moved in favor of CRV, driving substantial bullish momentum over the next 3 days.
CRV rose to around $1.09 by the 4th day, showcasing an amazing rally supported by increasing trading volumes and strong purchasing interest.
Regardless of the rally, CRV dealt with a small pullback towards the week’s end, closing at $1.17, showing a nearly 6% decrease from its mid-week peak. Resistance lay near $1.20, while instant assistance was around $1.05.
IOTA [IOTA]
IOTA experienced an exceptional rally recently, placing itself as the third-biggest winner with a 79.58% gain. The week started with a strong 12.39% boost, pressing its cost to $0.3085.
This rise fired up bullish momentum, which rollovered into the list below days, leading to considerable rate spikes.
By the 4th day of the week, IOTA had actually reached a high of $0.4942, driven by increasing trading volumes and growing financier interest.
