- Hedera, Curve DAO Token, and IOTA were the biggest winners of the past week.
- Core, Raydium, and Stellar Lumens were the biggest losers of the past week.
The cryptocurrency market saw significant action this week, with Hedera [HBAR] emerging as a standout performer, boasting an impressive 86.07% gain.
Alongside HBAR, Curve DAO [CRV] and IOTA [IOTA] also delivered notable rallies, while Core DAO [CORE] struggled under selling pressure.
From golden cross formations to sharp corrections, here’s a snapshot of this week’s top gainers and losers and what their price movements reveal about market sentiment.
Biggest winners
Hedera [HBAR]
HBAR claimed the spotlight this past week, emerging as the highest gainer with a remarkable 86.07% increase.
Starting the week at $0.20868 after an impressive 22.49% rise, HBAR built on its momentum with a staggering 49.34% spike the following day, reaching $0.31165.
The daily chart reflected a bullish structure, with the 50-day moving average ($0.11828) crossing above the 200-day moving average ($0.07955), confirming a golden cross.
The RSI at 74.59 indicated overbought conditions, which suggested the possibility of consolidation or a minor correction in the short term.
Meanwhile, the MACD remained in positive territory, highlighting continued bullish momentum, although its histogram shows signs of declining strength.
Source: TradingView
Towards the end of the week,
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Author: Adewale Olarinde
