Cryptocurrency market experienced a mixed bag of performances over the past week. While some assets saw notable gains, others faced substantial declines.

Weekly Winners

1. Helium (HNT)

Helium (HNT) emerged as the top gainer this week, reversing a shaky start with impressive performance. At the beginning of the week, HNT’s price dropped by over 3%, raising concerns about a continued bearish trend. However, the coin experienced a remarkable rebound, gaining 10.48% within just 24 hours. This surge propelled its price from around $6.20 to approximately $6.90. By the week’s end, HNT had further climbed to around $7.10.

The bullish trend was supported by technical indicators. Helium’s chart displayed a golden cross, a pattern where the short-term moving average crosses above the long-term moving average, signaling a potential upward trend. Additionally, HNT’s Relative Strength Index (RSI) remained above the neutral line, reinforcing the positive momentum. With an overall weekly increase of over 5.8%, Helium stands out as a key performer.

2. UNUS SED LEO

UNUS SED LEO was another notable gainer, though its rise was more modest compared to Helium. The token saw a slight increase of approximately 0.8% over the week. Starting at around $5.97, UNUS SED LEO experienced fluctuations but ended the week at approximately $6.00. Despite its positive performance, LEO’s trading volume declined sharply by over 30%, falling to around $1.7 million. The market capitalization of UNUS SED LEO stands at around $5.4 billion.

Weekly Losers

1. SATS (1000SATS)

SATS was the biggest loser of the week, experiencing a dramatic 29% decline. The token began the week trading at around $0.00039 but faced continuous pressure, dropping to $0.00029 by week’s end. The decline persisted, with the current price at approximately $0.00028. SATS’s trading volume also suffered, plummeting by around 40% to $43 million. This drop in trading activity indicates decreased market interest, contributing to the overall decline in price. The market capitalization of SATS now stands at approximately $601 million.

2. Polygon (MATIC)

Polygon, which recently underwent a rebranding from MATIC to POL, faced significant challenges this week. The token began with a sharp 8% decline, taking its price from around $0.57 to approximately $0.52. The downward trend continued, and by the end of the week, Polygon’s price had fallen further to around $0.42. This consistent drop resulted in Polygon being one of the week’s major losers, with an overall decline of over 25%.

Polygon’s market capitalization decreased to around $4 billion, a reduction of over 3% in the last 24 hours. Additionally, trading volume dropped by more than 30% to approximately $146 million. The Relative Strength Index (RSI) for Polygon hovers around 40, indicating a strong bearish sentiment.

3. dYdX (DYDX)

dYdX also faced a tough week, emerging as the third-biggest loser with a loss of over 24%. Starting the week at approximately $1.15, dYdX saw a steady decline, ending at around $0.90. This significant drop impacted dYdX’s market capitalization, which decreased by over 3% to around $557 million. Trading volume for dYdX fell sharply by more than 43%, bringing it to approximately $9.8 million.

Conclusion

The past week in the cryptocurrency market showcased significant fluctuations, with Helium and UNUS SED LEO standing out as the notable gainers. On the flip side, SATS, Polygon, and dYdX experienced substantial losses. These movements highlight the volatile nature of the crypto market, where assets can quickly shift between gains and losses.