ambcrypto.com
The crypto markets had a volatile week.
FUD dominated headlines after Drift Protocol suffered a $280 million exploit. Regulation also came into focus, while stablecoins were a bright spot, attracting $1.24 billion in weekly inflows.
Big picture: This week was about risk, regulation, and resilience. Amid this environment, a few select coins still managed to pull off significant rallies, while others suffered massive losses.
Weekly winners
Algorand [$ALGO] – L1 blockchain defended a key level, preventing a deeper downside
Algorand [$ALGO] emerged as this week’s standout performer, posting a 43.85% weekly gain. What makes this move particularly interesting is the context.
After suffering around 15% losses in Q1, $ALGO kicked off Q2 with a 14.23% single-day spike, breaking out of a three-month-long consolidation below the $0.10 mark.
From a charting perspective, the breakout was even more telling. Four straight daily candles pushed $ALGO above $0.12, triggering a short squeeze that caught many bearish positions off guard.
Naturally, the big question is, can $ALGO keep this momentum rolling in the weeks ahead?
From a technical angle, the bulls aren’t completely in control yet. $ALGO is down about 6% in less than 48 hours, and the pullback is underscored by the RSI rolling over after hitting a multi-month high above 80, classic overbought territory.
According to AMBCrypto, this cooldown makes sense. $ALGO is bumping into resistance around $0.12, a level that held back the price back in mid-January.
Bears are clearly eyeing this overhead supply zone, and unless the bulls defend it, continuing this rally looks like an uphill battle.
DeXe [$DEXE] – Decentralized token held uptrend, reinforcing bullish conviction
DeXe [$DEXE] claimed the second spot this week with a 26.05% rally, showing a more resilient price structure than $ALGO.
From a technical perspective, this week’s gains are a part of a textbook bullish continuation pattern, indicating steady demand and strong underlying support.
In the context of the wider crypto market, $DEXE’s performance clearly stands out.
Therefore, crossing $10 and moving toward $15+ could be $DEXE’s next key move. When an altcoin pushes past resistance after sustained demand, it often attracts more buyers.
If this trend continues, $DEXE is shaping up to be one of the most bullish setups in the altcoin space right now.
Venice Token [$VVV] – AI protocol nears key resistance, eyeing breakout or rejection
Venice Token [$VVV] grabbed the third spot this week with a 21.17% rally.
However, the real test for its resilience is just getting started. The altcoin has held a solid bullish structure, with four lower highs since February, each met with a higher low, building support and triggering small rebounds along the way.
That said, higher highs haven’t formed since $VVV hit resistance around $8.5. Since breaking below that level, it has failed twice to reclaim it, and on the 4th of April, the token pulled back, showing bears are creeping back in.
A clean breakout above $8.5, therefore, will be key for bullish continuation into next week.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
ONFA [OFT] led the charge with a 112% jump, followed by Layer3 [L3] climbing 110%, while Arkblock [ABT] rounded out the leaderboard with a strong 74% gain.
Weekly losers
Siren [$SIREN] – Trading protocol retraced, giving back 100% of its prior gains
Siren [$SIREN] ended the week as the biggest loser, plunging 67.64%, and the timing couldn’t have been worse for traders riding its recent rally.
On the weekly chart, this week’s losses extend last week’s 23.58% drop, and over just two weeks, $SIREN has erased 100% of the gains from its mid-March 290% surge to $4.7.
From a technical standpoint, this is a textbook cooldown phase following an extreme rally, where profit-taking often dominates price action.
Naturally, the question for traders is whether this is simply a hype-driven correction that will attract buyers back into the market or if it marks the start of a deeper downside phase as selling pressure overwhelms the remaining bullish momentum.
Currently, the first scenario looks more likely.
The daily chart shows bulls stepping in, with a 270% move on the 4th of April, followed by a 6% intraday bounce, and the RSI pulling back from overbought territory.
If this momentum holds, near-term resistance could be around $2, giving buyers a chance to regain control.
Midnight [$NIGHT] – Privacy token saw bears regain control, pushing momentum lower
Midnight [$NIGHT] ended the week as the second biggest loser, down 15.47%.
Looking at the weekly chart, this pullback wipes out last week’s 14.73% gain, meaning $NIGHT has erased all its recent upside.
Even with the prior rally, the token couldn’t break through the $0.05 zone, showing that bulls are struggling to sustain momentum.
From a psychological standpoint, $0.05 naturally becomes a key resistance, and unless buyers step in aggressively, $NIGHT risks testing the $0.04 floor, a level it hasn’t touched since Q4 2025.
How the token behaves around this support will likely set the tone for the next few weeks.
Ethena [$ENA] – Synthetic dollar protocol reinforced a bearish market structure
Ethena [$ENA] came in as the third biggest weekly loser, falling 13.37%.
Unlike some other coins, $ENA’s decline this week carries real significance. The altcoin has been printing back-to-back lower lows, and this week’s pullback pushed it even further away from the $0.10 level, signaling that the bearish momentum is still very much in play.
From a technical standpoint, the daily structure reinforces the downtrend, and unless strong support emerges soon, $ENA risks testing lower floors in the near term.
Other notable losers
In the broader market, downside volatility hit hard.
Core [CORE] led the losers with a steep 66% drop, followed by BabyBoomToken [BBT] falling 48%, and Cysic [CYS] slipping 42% as momentum sharply cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary
- Algorand [$ALGO], DeXe [$DEXE], and Venice Token [$VVV] led the week in gains.
- Siren [$SIREN], Midnight [$NIGHT], and Ethena [$ENA] saw significant declines.