The cryptocurrency market faced a wave of bearish sentiment last week, with trading activity slowing across major assets and altcoins. This downturn led to a $106 billion reduction in the total crypto market capitalization, signaling growing caution among investors.
Despite the broader market slump, select digital assets defied the trend and posted notable gains. Meanwhile, others struggled under increasing selling pressure. This article breaks down the top performers and underperformers of the week, offering insights into price movements, technical indicators, and potential future trajectories.
Top Gainers: XCN and BGB Shine Amid Market Downturn
Even in a weakening market environment, certain cryptocurrencies managed to gain traction. Onyxcoin (XCN) and Bitget Token (BGB) emerged as standout performers, driven by strong technical setups and rising investor interest.
Onyxcoin (XCN) – Leading the Altcoin Rally
Among the top 100 cryptocurrencies by market cap, Onyxcoin (XCN) claimed the title of the week’s biggest gainer. Trading at $0.019, XCN surged nearly 10% over the past seven days, outperforming most of its peers.
A key indicator supporting this bullish momentum is the Moving Average Convergence Divergence (MACD) on the daily chart. At the time of writing, the MACD line (green) is positioned above both the signal line (yellow) and the zero line. This configuration typically signals strengthening upward momentum and potential continuation of the uptrend.
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The MACD is a widely used technical tool that helps traders identify trend direction and momentum. When the MACD line crosses above the signal line, it often generates a buy signal—exactly the kind of setup XCN is currently exhibiting. This suggests that buying pressure remains dominant, reinforcing the likelihood of further gains.
If bullish momentum holds, XCN could test resistance at $0.023** in the coming days. However, traders should remain cautious. A wave of profit-taking could trigger a pullback toward **$0.0174, especially if broader market sentiment continues to deteriorate.
Bitget Token (BGB) – Building Momentum on Strong Fund Flows
Bitget Token (BGB) followed closely behind as the second-largest gainer, climbing 3% to trade at $5.17. The rally was supported by a rising Chaikin Money Flow (CMF) indicator, which currently stands at 0.23—a strong sign of accumulating buying pressure.
The CMF measures the balance between buying and selling pressure by analyzing volume flow over a specific period. A positive CMF value indicates that money is flowing into the asset, suggesting institutional or large retail accumulation.
With CMF signaling sustained demand, BGB has a clear path to challenge its next resistance level at $5.31**. A breakout above this point could open the door for further gains toward **$6.08, especially if market conditions stabilize.
However, a reversal in sentiment could push BGB down to $4.80, particularly if traders react to broader crypto volatility by locking in profits.
Top Losers: BONK and TIA Face Heavy Selling Pressure
While some assets gained ground, others faced steep declines. Bonk (BONK) and Celestia (TIA) were among the worst performers, weighed down by weak demand and rising sell-offs.
Bonk (BONK) – Meme Coin Momentum Fades
The Solana-based meme coin Bonk (BONK) took a hard hit, dropping 22% to trade at $0.000019—one of the steepest declines among major meme tokens.
A critical red flag comes from the Balance of Power (BoP) indicator, which currently shows a downward trend at -0.67. The BoP measures the strength of buyers versus sellers by comparing closing prices to trading ranges. A negative value indicates that sellers are firmly in control, with selling pressure overwhelming buying interest.
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If selling pressure intensifies, BONK could slide further toward $0.000016**, testing support levels not seen in weeks. However, a resurgence in retail enthusiasm—common with meme coins—could reverse the trend. A reclaim of **$0.000020 might spark short-term buying interest and trigger a relief rally.
Celestia (TIA) – Volume Surge Hints at Further Downside
Celestia (TIA) fell 23% over the week, making it one of the largest decliners in the crypto space. Currently trading at $2.56, TIA extended its losses with a 3% drop today, mirroring broader market weakness.
What’s particularly concerning is the 80% surge in trading volume to $128 million during this downtrend. High volume during price declines often signals strong distribution—meaning holders are actively selling.
This creates a bearish divergence: prices fall while volume rises, indicating growing downward momentum. Traders appear to be exiting positions rapidly, possibly due to profit-taking or loss aversion amid uncertain macro conditions.
If bearish sentiment persists, TIA could drop to $2.14**, erasing most of its recent gains. On the flip side, a strong rebound in demand could push prices up to **$2.96, especially if institutional interest returns or network activity increases.
Frequently Asked Questions (FAQ)
Q: Why did XCN outperform other altcoins this week?
A: XCN’s surge was driven by positive technical signals—particularly a bullish MACD crossover—and increased investor attention despite overall market weakness.
Q: Is BGB’s price increase sustainable?
A: With a positive Chaikin Money Flow indicating strong buying volume, BGB’s rally has solid fundamentals behind it—assuming market conditions don’t worsen.
Q: What causes a meme coin like BONK to drop sharply?
A: Meme coins are highly speculative and sentiment-driven. A loss of social momentum or panic selling can trigger rapid declines, as seen with BONK’s 22% drop.
Q: How reliable is the Balance of Power (BoP) indicator?
A: BoP helps identify shifts in market control between buyers and sellers. While not foolproof, it’s effective when used alongside other tools like volume and RSI.
Q: Why does rising volume during a price drop matter?
A: High volume during declines suggests strong conviction from sellers, often leading to extended downtrends unless countered by significant buying pressure.
Q: Can TIA recover from its 23% loss?
A: Yes—especially if network fundamentals remain strong or broader market sentiment improves. A rebound above $2.70 could signal renewed bullish interest.
Final Thoughts: Navigating Volatility with Strategy
The past week highlighted a key truth in crypto markets: even during downturns, opportunities exist for those who understand technical signals and market psychology.
While assets like XCN and BGB demonstrated resilience through strong on-chain metrics and accumulation patterns, others like BONK and TIA serve as cautionary tales about the risks of speculation without fundamentals.
👉 Stay ahead of market swings with advanced trading tools and real-time data dashboards.
Whether you're tracking momentum indicators like MACD and CMF or watching for volume divergences, informed decisions are your best defense in volatile conditions.
As we move forward into 2025, expect continued volatility—but also more opportunities for strategic investors who know where to look.
Core Keywords: Onyxcoin XCN, Bitget Token BGB, Bonk BONK price, Celestia TIA, crypto market trends 2025, MACD indicator, Chaikin Money Flow, Balance of Power BoP