Crypto market’s weekly winners and losers – ARB, NEAR, STABLE, PI

This week, crypto markets saw sharp volatility.

Bitcoin [BTC] reclaimed $80,000 while Ethereum [ETH] and Solana [SOL] also rallied as short covering and renewed risk appetite boosted the market. Altcoins outperformed late in the week, with several tokens posting triple-digit gains as momentum shifted toward higher-beta assets.

Overall, the week moved from risk-off to a strong rebound, with selective altcoin momentum picking up.

Weekly winners

Akedo [AKE] – AI platform saw a massive triple-digit weekly gain

Akedo [AKE] emerged as the biggest weekly winner with a massive 400% rally. With the RSI being extremely overextended, AKE has entered the price discovery space around $0.08. However, a pullback is a possibility in the near term, but key divergences are likely to be important.

First, AKE’s 400% rally follows two weeks of gains where the token rose over 77% and 7%, respectively, while the RSI stayed overextended. This indicates that bullish momentum is still on the move, with FOMO keeping investors in the market despite some short-term selling pressure.

Adding to this bullish setup, AKE is also showing strong upside on the daily chart. Three consecutive green candles point towards fresh buying interest and suggest that investor conviction is still building.