A volatile trading week came to a close with $FET down 14%, leading the correction among AI tokens.
The cryptocurrency market has just experienced a trading week marked by a clear divergence between asset groups. While some platform tokens managed to maintain modest gains, selling pressure weighed heavily on AI projects and tokens driven by news events.
The 7-day growth picture 📊
Despite broader market correction pressure, some assets still posted positive performance. Leading the 7-day gainers was POL, up +5.98% and trading around $0.09767. Next was $INJ , up +5.26% and currently at $8.30 after a +8.29% breakout over the past 24 hours. RUNE also gained +5.59% to $0.642, while QNT rose +4.77% to $202.56.
Notable declines 📉
Conversely, declines were concentrated in several specific sectors. Leading the weekly losers was TRUMP, plunging -27.03% and currently trading at $1.23. XPL fell 16.26% to $0.0645. The AI sector was hit hard, with $FET down 14% and trading around $0.1566. WLFI also lost 13.28% to $0.0444, while ENA fell 12.99% to $0.1789.
Market sentiment and market capitalization 🧠
Today's Fear & Greed Index stands at 50 (Neutral), up from yesterday's 34 (Fear) and approaching the level of 51 recorded a week ago. This suggests investor sentiment stabilized quickly after the recent turbulence.
Total market capitalization stands at $2.68T, down slightly by 1.6% over the past 24 hours. Bitcoin dominance currently stands at 60.1%, while Ethereum accounts for 11.01%. Total trading volume across the market over the past 24 hours reached $86.27B.
What to watch next week 🔍
For $FET, the 7-day price range has extended from a low of $0.1491 to a high of $0.1857. The current price of $0.1566 is close to the week's low. How demand holds up at the $0.1491 support level will be a decisive factor in the token's next recovery move.
Meanwhile, the broader market remains heavily influenced by Bitcoin's movements. BTC is currently priced at $80,178, with a 7-day range between $75,736 and $81,971. If the price holds above $78,002 (the 24-hour low), selling pressure on altcoins may ease.
Open $FET on Binance to check demand at $0.1491 now.
Do you think AI tokens will recover soon or continue consolidating next week?
Not financial advice. DYOR.