- Top gainers: MANTRA (+18%), Jito (+8.88%), DeXe (+8.65%).
- Top losers: PENGU (-41%), VIRTUAL (-34%), XCN (-30%).
The crypto market displayed diverse trends this week, with select tokens posting notable gains amid broader market fluctuations, while others experienced significant corrections.
Biggest gainers
MANTRA [OM]
MANTRA [OM] has emerged as this week’s top performer, climbing from $4.50 to $5.15, marking an 18% gain. The token’s journey featured a dramatic spike on the 30th of January, which fundamentally altered its trading range.
The week began with MANTRA consolidating around $4.50, showing relatively low volatility.
However, the landscape changed dramatically when prices surged to $5.80 on the 30th of January, driven by significant buying pressure.
While profit-taking pulled prices back from these highs, the token has maintained much of its gains.
Recent trends showed MANTRA establishing a new support zone around $5.15 despite some downward pressure. The price action suggested a shift in the crypto market structure, with previous resistance at $4.75 now acting as support.
While the current consolidation near $5.15 indicated some uncertainty, the higher trading range and sustained volume suggest this move might have staying power.
Jito [JTO]
Meanwhile, Jito [JTO] has demonstrated strength, securing its position as this week’s second-best performer, climbing from $2.65 to $3.07, posting an impressive 8.88% gain.
The token’s price action demonstrates a well-structured recovery following an early-week bottom.
The week kicked off with
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Author: Adewale Olarinde
