Crypto market’s weekly winners and losers – HBAR, CRV, RAY, XLM
The post Crypto market’s weekly winners and losers – HBAR, CRV, RAY, XLM appeared on BitcoinEthereumNews.com.
Hedera, Curve DAO Token, and IOTA were the biggest winners of the past week. Core, Raydium, and Stellar Lumens were the biggest losers of the past week. The cryptocurrency market saw significant action this week, with Hedera [HBAR] emerging as a standout performer, boasting an impressive 86.07% gain. Alongside HBAR, Curve DAO [CRV] and IOTA [IOTA] also delivered notable rallies, while Core DAO [CORE] struggled under selling pressure. From golden cross formations to sharp corrections, here’s a snapshot of this week’s top gainers and losers and what their price movements reveal about market sentiment. Biggest winners Hedera [HBAR] HBAR claimed the spotlight this past week, emerging as the highest gainer with a remarkable 86.07% increase. Starting the week at $0.20868 after an impressive 22.49% rise, HBAR built on its momentum with a staggering 49.34% spike the following day, reaching $0.31165. The daily chart reflected a bullish structure, with the 50-day moving average ($0.11828) crossing above the 200-day moving average ($0.07955), confirming a golden cross. The RSI at 74.59 indicated overbought conditions, which suggested the possibility of consolidation or a minor correction in the short term. Meanwhile, the MACD remained in positive territory, highlighting continued bullish momentum, although its histogram shows signs of declining strength. Source: TradingView Towards the end of the week, HBAR saw some profit-taking, resulting in a 9.65% decline, bringing its price to $0.33250. Despite the dip, HBAR has maintained its upward trajectory, supported by strong trading volumes. Its market capitalization was $12.6 billion. Also, its volume was $1.9 billion but had declined by almost 50% in the last 24 hours. Curve DAO Token [CRV] Curve DAO had an impressive performance over the past week, emerging as the second-biggest winner with an 83.78% increase, according to data from CoinMarketCap. The week began on a slightly negative note with a…
Filed under: News - @ December 8, 2024 7:08 pm