Crypto market’s weekly winners and losers – VVV, LSK, ARB, ENA

This week, crypto shifted into a more defensive setup.

Rising Treasury yields, higher oil prices, and growing Fed rate-hike expectations pressured risk assets, pushing Bitcoin below $77k. However, the sell-off was not uniform. Capital continued to flow into utility-based narratives such as DeFi and privacy tokens.

So, with crypto entering a key week, these flows could show where investors are moving their money next.

Weekly winners

Venice Token [VVV] – Privacy-focused AI platform broke into a new all-time high

Venice Token [VVV] was the best-performing cryptocurrency this week, gaining more than 35%. Of course, the most important question now is whether this bullish momentum can continue next week.

Two technical signals suggest that it may. First, VVV’s RSI on the weekly chart remains far below the overbought line. This contrasts with the token’s early-May rally, which caused its RSI to enter the overbought territory.

The development, in turn, appears to have capped VVV’s price action near $20.

Consequently, VVV is currently in a better position than it was in early May. From a technical standpoint, the price of the token broke through the crucial $20 resistance during the past week. So, the next move higher may still have more room.