Crypto market’s weekly winners and losers – RAY, DOGE, IMX, MEW

Raydium, Dogecoin, and Mantra are the biggest winners of the week.
Immutable X, cats in a dogs world, and Helium had the biggest loss of the week.

Raydium has continued its positive momentum for the second consecutive week, leading the crypto weekly winners’ chart. Meanwhile, cats in a dogs world has taken a downturn, joining the losing side alongside Immutable X, which remains in its downward trend.

Biggest winners

Raydium [RAY]

Raydium [RAY] started the week strong, showing a significant price increase. Beginning the week with a 14% spike around $3.4, Raydium ended with an overall gain of over 5%, bringing its price to nearly $3.6.

Currently trading around $3.49 after a slight pullback of 2.81%, RAY is exhibiting a bullish trend, supported by its position above both the 50-day moving average ($2.13) and the 200-day moving average ($1.83).

Source: TradingView

A recent “golden cross” (where the 50-day MA crosses above the 200-day MA) further confirms this bullish sentiment. The MACD continues to reflect positive momentum, with the MACD line remaining above the signal line. However, the RSI at 70.35 suggests that RAY has entered the overbought territory, hinting at a possible short-term pullback.

According to CoinMarketCap data, Raydium achieved an 11% gain, securing its position as the week’s top performer.