The crypto market has seen notable movement this week, with some tokens surging while others struggled. Core [CORE], Bittensor [TAO], and Artificial Superintelligence Alliance [FET] led the pack of winners, while Mantra [OM], Movement [MOVE], and Walrus [WAL] saw significant losses. Let’s break down the weekly performance of these key assets.

Weekly Winners

1. Core [CORE] – L1 Blockchain Surges to Two-Month High Core (CORE) made a notable recovery this week, surging 32.45% after breaking through the crucial $0.60 resistance level, which had been holding it back for two months. After a bearish gap at the start of the week, selling pressure was quickly absorbed, fueling a sharp rebound. However, caution is advised, as overbought conditions are emerging. CORE could face a potential correction next week, especially as trading volume has dropped 26%, now sitting at $32.52 million. If this trend continues, a pullback could follow.

2. Bittensor [TAO] – AI-Focused Protocol Breaks Resistance Bittensor (TAO) led the AI-driven rally this week with a 20.83% weekly gain. The asset broke through the key $300 resistance level and showed impressive momentum, following a retracement to pre-election support levels. The Relative Strength Index (RSI) shows a bullish divergence, indicating strong buying pressure. TAO’s move reflects the broader trend of AI-native tokens outperforming in a risk-off environment, making it a standout performer. If the token can hold above its recent gains, it may continue to rise.

3. Artificial Superintelligence Alliance [FET] – Breakout at $0.50 Resistance Artificial Superintelligence Alliance (FET) saw an 18% weekly gain, just behind TAO. FET successfully broke above the $0.50 resistance level, signaling bullish continuation from its previous accumulation phase. However, it faces a significant supply zone around $0.60. If it can clear this resistance, FET may experience further upward momentum. A spike in trading volume of 103% to $124.5 million suggests growing investor conviction, but failure to break above $0.60 could lead to a short-term reversal.

4. Other Notable Gainers The broader market saw impressive gains in a few other tokens as well. Voxies (VOXEL) led with an extraordinary 425% rally, outperforming many other assets. Lofi (LOFI) and NKN (NKN) also made notable moves with gains of 158% and 138%, respectively.

Weekly Losers

1. Mantra [OM] – Severe Flash Crash Mantra (OM) closed as the worst performer of the week, dropping an astounding 90.54%. The crash occurred on April 13, when OM plummeted from $6.35 to below $0.10 in a single session. This sharp decline was likely caused by overleveraged positions being liquidated during an overheated market. The RSI dropped below 18, indicating extreme overselling, but without a stable bottom formation, it’s unclear whether a recovery is imminent. OM needs to reclaim the $0.20–$0.25 zone with stronger volume to signal a reversal.

2. Movement [MOVE] – Ongoing Downtrend Movement (MOVE) experienced a 32.21% weekly decline, continuing its bearish trend. The token broke below the critical $0.30 support level, signaling weakening demand. Without a strong reversal and reclaiming of the $0.30 level, MOVE could face more downside pressure. The next major support lies around $0.20, where temporary relief may occur, but unless a bullish catalyst emerges, a further retracement seems likely.

3. Walrus [WAL] – Application Platform Faces Correction Walrus (WAL) saw a 14.66% drop this week, effectively undoing its recent gains from the previous week. The price slid to $0.40, but signs of stabilization have emerged with a slight intraday rebound to $0.41. However, this was followed by a minor pullback, suggesting that residual selling pressure remains. The key support zone for WAL is around $0.38–$0.40. If it can hold this level, there could be a period of sideways consolidation, but a neutral-to-bearish outlook prevails unless the price moves above $0.44.

4. Other Notable Losers The broader market saw other significant pullbacks as well. WayFinder (PROMPT) led the declines with a steep 51% drawdown, followed by BabyIon (BABY) and deBridge (DBR), which experienced retracements of 43.7% and 40%, respectively.

Conclusion

This week in the crypto market saw significant volatility, with some tokens thriving in the face of broader bearish sentiment, particularly AI-related assets like Core (CORE), Bittensor (TAO), and Artificial Superintelligence Alliance (FET). Meanwhile, tokens like Mantra (OM) and Movement (MOVE) struggled due to specific market events and declining demand.

As always, rapid price fluctuations are common in the crypto space. Investors are advised to conduct thorough research before making any investment decisions, as market conditions remain volatile and unpredictable.