• Stellar, Hedera, and Tezos were the biggest gainers in the past week.
• Popcat, dogwifhat, and Bonk ended the week as the biggest losers.

This week has been eventful for the cryptocurrency market, with significant price movements shaping the dynamics of the top 100 digital assets by market capitalization.

While some tokens soared to new heights, others struggled under market pressures.

Biggest winners

Stellar [XLM]

Stellar Lumens [XLM] has dominated the market this past week, emerging as the top-performing cryptocurrency with an incredible 190% surge. 

Over the last seven days, XLM’s price action was marked by steady gains followed by rapid acceleration, particularly after crossing the psychological $0.30 mark.

However, it started the week at around $0.19 before gaining momentum. At the end of the week, it saw a 53.40% spike, which took its price to around $0.52. 

Trading at $0.58 at press time, XLM has shown remarkable bullish momentum, driven by strong market sentiment and sustained buying activity.

The daily chart reveals a parabolic move, with XLM breaking multiple resistance levels. The 50-day and 200-day SMAs at $0.14 and $0.10 were decisively breached earlier this week, triggering a golden cross. 

The RSI stands at 94.98, deep into overbought territory, suggesting the possibility of a short-term correction as traders lock in profits.

Meanwhile, the Chaikin Money Flow (CMF) indicator remained positive at 0.40, reflecting robust inflows of capital into XLM, which could sustain its bullish trajectory in the near term.

Hedera [HBAR]

Hedera Hashgraph [HBAR]  has had a stellar performance over th

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Author: Adewale Olarinde

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