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Crypto markets saw a choppy, macro-driven week.
Bitcoin briefly held above the $80k region following early-week strength tied to U.S. legislative progress around the Clarity Act. However, it later slipped back toward the high $70ks as macro headwinds, including rising yields, inflation concerns, and broader risk-off flows, triggered widespread selling across the market.
Naturally, bears dominated the week, and most coins ended in the red. However, there were still a few assets that diverged from the broader trend.
Weekly winners
Kite [$KITE] – Infrastructure token reinforced bullish conviction this week
Kite [$KITE] has topped this week’s gainers list with a 21% rally, extending last week’s 20.7% move higher. With the price now approaching the $0.25 resistance zone, the key question is whether $KITE can keep this momentum going into next week.
On the technical side, things are starting to look stretched. At press time, the Relative Strength Index (RSI) was sitting above 70, which signals overbought conditions. That said, during the mid-March peak, RSI pushed above 90, so historically the token has run hotter than current levels, leaving some room for continuation in this cycle.
Backing that view, bullish behavior is still showing up on the chart. A 2.98% pullback on the 15th of May, when RSI was already extended, was quickly bought up, with price bouncing 2.54% the following day. Taken together, the setup suggests buyers are still stepping in on dips.
Against this backdrop, $KITE is still holding a bullish structure, with a potential move toward the $0.25 resistance in the coming week. In turn, it keeps this altcoin firmly on watch for strategic positioning.
Humanity [H] – Social crypto project broke a key resistance zone
Humanity [H] has emerged as the second biggest weekly winner with a 14% rally. Much like $KITE, it has been on a steady bullish run, printing six straight weekly green candles.
However, unlike $KITE, H’s 14% move pushed it back above the $0.25 resistance level, a zone it hasn’t been able to hold consistently since early February. With RSI now overextended, it does raise some questions around whether this momentum can continue in the short term.
On the daily chart, though, the structure still looks constructive. Every prior breakout has come after a period of consolidation, and H looks to be building a similar range, trading between the $0.20-$0.25 area. With bulls still active, a repeat breakout setup is in play, keeping the $0.30 level on watch for the coming week.
Injective [$INJ] – DeFi protocol saw solid bullish momentum
Injective [$INJ] has emerged as the third biggest weekly winner with a 13.25% rally. Notably, $INJ isn’t just closing in on H but is also closely mirroring its bullish technical structure.
To start with, $INJ has now logged six straight weekly green candles, reinforcing strong bullish conviction. In a similar move, it has broken back above $5 for the first time since losing it in early January’s breakdown.
However, unlike H’s cleaner consolidation, $INJ is seeing a sharper pullback, with two days of downside pressure totaling over 9%. That said, a 3.15% intraday bounce suggests buyers are still active. Overall, the structure remains constructive, keeping a potential breakout above $5 in play for the coming week.
Other notable winners
Outside the majors, altcoin movers also stood out this week.
Gitlawb [GITLAWB] led the action with a 316% surge, followed by Playnance [GCOIN], which climbed 260.6%, while Xphere [XP] gained 225%, rounding out the list of the week’s biggest movers.
Weekly losers
Toncoin [$TON] – L1 blockchain gave back nearly 50% of last week’s gain
Toncoin [$TON] led this week’s losers chart with a sharp 22% decline. Following last week’s strong 83% rally that placed it among the top gainers, this week’s move looks like a classic cooldown phase.
On the technical side, $TON’s weekly RSI pushed above 65 for the first time in months, suggesting that buying momentum had become stretched after a strong narrative-driven run tied to growing development activity. Naturally, this raises the question of whether last week’s move was part of a short-term hype cycle.
On the daily chart, bulls are still struggling to step in with conviction. As it stands, this is the third attempt to absorb selling pressure and reverse the trend, but momentum remains weak for now.
The key test now sits in the $1.50-$2.00 range.
If $TON fails to turn this zone into strong support, a deeper breakdown would likely confirm last week’s move as a hype cycle, keeping $TON as a higher-risk trade, especially with the broader market still leaning bearish.
Internet Computer [$ICP] – Cloud computing network entered a sell-off phase
Internet Computer [$ICP] has emerged as the second biggest loser this week with a 21% decline. Notably, the momentum here looks similar to $TON, with bulls being tested after a strong prior move.
On the weekly chart, this week’s drop follows last week’s 44% rally. However, unlike $TON where bulls are still stepping in, $ICP’s structure looks weaker, with multiple red weekly closes adding pressure to the trend.
If this continues, a breakdown could push $ICP below the $2.50 level. That said, with price showing early signs of consolidation around $2.60, it also suggests bulls may be starting to step in at these levels.
Pudgy Penguins [$PENGU] – Meme token will require bulls to step in
Pudgy Penguins [$PENGU] took the third spot with a 20.3% decline. Unlike the top two losers, $PENGU had previously seen six straight weeks of upside, so this move looks more like a textbook cooldown phase.
However, risks are starting to build. On the daily chart, $PENGU has made two failed attempts to hold support around the $0.01 and $0.008 levels. That said, accumulation hasn’t been strong enough, pointing to weak buy-side support underneath.
This puts pressure on $PENGU’s consolidation around $0.085. For a memecoin, the breakdown has been relatively sharp, increasing the risk of a deeper move toward the $0.065–$0.007 range in the near term.
Other notable losers
In the broader market, downside volatility hit hard.
Siren [SIREN] led the losers with a 58.9% decline, followed by SkyAI [SKYAI], which fell 46.7%, while Utya [UTYA] dropped 44.6% as market momentum cooled.
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary
- Kite [$KITE], Humanity [H] and Injective [$INJ] led the week in gains.
- Toncoin [$TON], Internet Computer [$ICP] and Pudgy Penguins [$PENGU] saw significant declines.