Crypto market’s weekly winners and losers – ADA, BCH, JUP, S
The post Crypto market’s weekly winners and losers – ADA, BCH, JUP, S appeared on BitcoinEthereumNews.com.
Biggest gainers: Cardano [ADA], Cronos [CRO], Bitcoin Cash [BCH]. Biggest losers: Sonic [S], Jupiter [JUP], Berachain [BERA]. The cryptocurrency market showcased dramatic divergence this week, with several major tokens posting impressive gains while others experienced significant downturns. This volatility created clear winners and losers, highlighting the sector-specific nature of the current market conditions rather than a uniform trend across all digital assets. Biggest winners Cardano [ADA]: Smart contract platform surges Cardano [ADA] dominated crypto markets this week, surging 23% from $0.65 to $0.80. The smart contract platform’s remarkable comeback started with a massive green candle on the 3rd of March, catapulting ADA from $0.65 to $0.85 in a single session. After facing profit-taking that temporarily pushed prices back to $0.80, ADA staged another impressive rally on the 5th and 6th of March, testing the psychologically significant $1.00 resistance. While bulls couldn’t sustain momentum above this level, the token has established solid support around $0.80. Trading volume reached yearly highs during the early-week surge, indicating strong institutional interest rather than retail-driven speculation. The sustained buying pressure comes amid growing ecosystem development and increased adoption of Cardano’s blockchain solutions. Technical indicators remained firmly bullish despite the recent consolidation, with the RSI holding above 60 without entering overbought territory. ADA’s ability to hold above the previous resistance at $0.80 suggests this level may now serve as strong support. Cronos [CRO]: Exchange token shows strength Cronos [CRO] emerged as one of this week’s standout performers, surging 21% from $0.073 to $0.089. The exchange token demonstrated remarkable resilience after finding strong support at the $0.070 level, which proved to be a significant accumulation zone for investors. The token’s recovery began on the 5th of March after briefly touching $0.070, with steady buying pressure establishing a series of higher lows that confirmed a trend reversal. The…
Filed under: News - @ March 9, 2025 7:23 pm