- Pudgy Penguins [PENGU], Sei[SEI], Mapple Finance [MAPPLE] led the week with sharp price surges.
- Kaia [KAIA], GateToken [GT], Curve DAO Token [CRV] suffered significant declines.
This week, the crypto market felt like a bit of a gamble.
Memecoins ran wild with sharp swings as Bitcoin rebounded sharply from its $98k low, posting a near 10% bounce to reclaim the key $107k resistance.
This move reignited short-term risk appetite, funneling capital into speculative plays.
Still, sentiment stayed shaky, with traders flipping between risk-on plays and waiting on the sidelines. Overall, it was a choppy week with pockets of hype but no real conviction across the board.
Weekly winners
Pudgy Penguins [PENGU] – Memecoin led the pack with a strong bullish reversal
Pudgy Penguins [PENGU] led this week’s breakout board with a sharp 60% rally off its $0.08 weekly open, fueled by a textbook short squeeze and renewed memecoin rotation.
The week opened with a 2.17% dip as broader markets leaned risk-off, but sentiment flipped fast. Consequently, PENGU ripped 16.32% the next day, signaling early accumulation.
After a brief 7% pullback midweek, price action set up for a classic liquidity grab, trapping shorts and igniting a 46% two-day surge.
At press time, the memecoin was trading just below key resistance at $0.015 (last tested in early May) as PENGU was entering a critical zone.
TradingView (PENGU/USDT)
Bears may look to fade this level, but with capital rotating back into high-beta assets, and BTC showing signs of stabilization, a continued hype-driven rally remains firmly in play.
Technically, RSI was elevated but not overbought, suggesting room to run. If bulls can flip $0.015 into support, the next short-term targets sit at $0.017 and $0.020, with strong momentum backing the move.
Sei [SEI] – Layer 1 blockchain extended its rally with back-to-back weekly gains
Sei [SEI] continued its impressive run this week, clocking a 51% gain from its $0.19 open and locking in the second spot among top-performing altcoins.
This marks SEI’s second consecutive week in the spotlight.
The week kicked off with a 22% breakout, pushing through the key $0.20 resistance. Bulls held that level on the retest, setting the stage for a sharp 25.84% extension, driving the price to the $0.33 zone.
As expected, momentum indicators flashed overheated, triggering a 16% pullback midweek, but the dip was aggressively bought. SEI fully reclaimed the drop in just three sessions and was trading near $0.30 at press time, into the weekend close.
If bulls maintain control and flip $0.33 into support, SEI could break into price discovery in Q3.
Maple Finance [MAPLE] – On-chain asset manager surged to a new all-time high
Maple Finance [MAPLE] closed the week with a powerful 49.56% rally off its $0.43 open, claiming the third spot among top weekly gainers.
After back-to-back bullish months since April, MAPLE opened the final week of June with a 12.8% bounce, flipping the $0.43 dip into a classic springboard structure, a setup it has used in prior price discovery phases.
What followed was four straight sessions of consistent inflows, driving a clean breakout into new highs at $0.65, confirming strong demand and breakout volume.
However, MAPLE has historically shown a tendency for post-rally cooldowns, making a pullback to the $0.50–$0.52 support zone a key level to watch.
If bulls defend $0.60 as new support, MAPLE could avoid a deeper retrace and push toward a fresh all-time high in early Q3, supported by rising momentum and strong on-chain capital rotation.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
AI Champions [AIC] led the charge with a massive 136.2% surge, followed by Bananas For Scale [BANANAS31], which jumped 89.3%, and MMX [MMX], rallying 79.6% to round out the leaderboard.
Weekly losers
Kaia [KAIA] – Social platform token saw a weekly bearish reversal
Kaia [KAIA] flipped from leader to laggard this week, posting a 5.55% decline after topping last week’s charts. It is a clear sign of momentum exhaustion and rising sell pressure.
The drop wasn’t a random pullback. On the daily timeframe, KAIA tapped its late-January high at $0.20, only to be met with immediate rejection.
A bearishly diverging RSI and a MACD crossover to the downside front-ran the reversal, confirming a shift in short-term trend structure.
From that $0.20 local high, KAIA printed six consecutive red candles, breaking through near-term supports and sliding to $0.16 by press time.
Source: TradingView (KAIA/USDT)
With profit-taking in full swing after a multi-week run, and no clear bullish divergence in sight, the $0.15–$0.16 range becomes critical.
If this zone fails to hold as a base, a deeper correction is likely, especially with MACD momentum still tilting bearish. Bulls need a strong defense and volume spike soon to avoid further downside.
GateToken [GT] – Native token of Gate.io exchange came under pressure
GateToken [GT] ended the week with a 4% decline from its $16.67 open, ranking as the second-biggest loser among tracked assets, as a weak relief rally gave way to renewed selling pressure.
Last week’s bounce marked GT’s first meaningful rally in nearly a month, hinting at a potential shift in momentum.
However, that optimism was short-lived.
The Bulls were unable to maintain their position, leading to a quick decline in GT as sellers pushed the price back down to retest the $15.00 support level.
It is worth noting the lack of strong buyer interest at the support level, even as the price decreased. The RSI has not yet reached oversold levels, and the MACD remains bearish, indicating that there is still potential for further downside before a technical rebound can be expected.
If the $15 support level does not hold, the next important level to monitor is $14.00, which has historically been a demand zone.
Curve DAO Token [CRV], a staple in DeFi for stablecoin trading, experienced a 3% decline for the week, continuing its trend of consolidation within a tightening range. This marks the second consecutive week of losses, with bulls struggling to regain control.
Starting at $0.55, CRV dropped 3.23% and approached the crucial $0.50 support level, where buyers attempted to initiate a reversal, but with limited success. The lack of volume and conviction indicates weakening demand, despite multiple attempts to defend this range in recent weeks.
Currently, the price is trading within a narrow three-day range, showing signs of compression. Without bullish intervention, CRV could see further losses, targeting the $0.35 macro support from early March.
With the RSI flattening and the MACD turning bearish, momentum is on the side of the bears. Reclaiming $0.55 is crucial to prevent further losses in the upcoming quarter.
In the broader market, downside volatility was prevalent, with MATCHAIN [MAT] leading the losers with a 47.2% drop, followed by Cross the Ages [CTA] and LAMBO [LAMBO].
In conclusion, the cryptocurrency market remained volatile this week, with significant price movements keeping traders alert. It is essential to conduct thorough research, trade wisely, and navigate the market fluctuations carefully.