Crypto market’s weekly winners and losers – VVV, LSK, ARB, ENA
The post Crypto market’s weekly winners and losers – VVV, LSK, ARB, ENA appeared on BitcoinEthereumNews.com . 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. Source: TradingView (VVV) Given this setup, bullish continuation appears increasingly likely. If VVV stays above $20, another breakout could open the door toward the $25–$30 range in the coming week. Bitway [BTW] – Bitcoin-focused infrastructure project sits at crossroad Bitway [BTW] was the second-largest weekly winner, rising 22% during the period. Unlike VVV, BTW has yet to enter the price discovery phase. Most importantly, BTW has been climbing for six consecutive weeks and is therefore due for a correction. Technically, BTW looks extended at the current level. The asset is encountering resistance near $0.60, and the RSI is already in...
The post Crypto market’s weekly winners and losers – VVV, LSK, ARB, ENA appeared on BitcoinEthereumNews.com . 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. Source: TradingView (VVV) Given this setup, bullish continuation appears increasingly likely. If VVV stays above $20, another breakout could open the door toward the $25–$30 range in the coming week. Bitway [BTW] – Bitcoin-focused infrastructure project sits at crossroad Bitway [BTW] was the second-largest weekly winner, rising 22% during the period. Unlike VVV, BTW has yet to enter the price discovery phase. Most importantly, BTW has been climbing for six consecutive weeks and is therefore due for a correction. Technically, BTW looks extended at the current level. The asset is encountering resistance near $0.60, and the RSI is already in...