Top coin tăng và giảm mạnh trong tuần qua: BONK, PENGU, PI, KAI

Last week, the market generally maintained stability, with Bitcoin fluctuating around the $108,000 mark and Ethereum (ETH) rising by about 7%, surpassing the $2,500 threshold.

However, the flow of funds tends to pour into hype tokens rather than projects with real utility, as the wave of capital rotation towards memecoins becomes evident.

In fact, the three coins that saw the strongest increase last week were all memecoins, with double-digit percentage gains in value. Meanwhile, projects focused on real-world applications were quite lackluster.

Top coin gainers of the week

Bonk (BONK) – Memecoin on the Solana network reverses trend

Bonk (BONK) opened July with a breakout surge, jumping nearly 50% to trade around 0.00002 dollars, breaking through two important resistance levels after starting the month at 0.000014 dollars.

This move comes after a classic breakout from a narrow consolidation area, as BONK rebounded from a 60-day low of $0.000012 to reclaim the price range of late May.

However, the upward momentum seems to be weakening. The RSI index has returned to a region near 80 – indicating overbought conditions, while the MACD indicator is giving a bearish crossover signal, meaning the upward price trend is losing momentum.

BONK Price Chart | Source: TradingViewThe current price of BONK is testing a strong resistance area, where early profit-taking pressure and increased Short may create resistance for the upward momentum.

However, if the bulls hold this price range, a Short Squeeze could trigger a new FOMO effect, pushing the price towards the next resistance area around $0.000025.

On the contrary, if rejected here, BONK could make a healthy adjustment towards the support area of 0.000017 dollars.

Pudgy Penguins (PENGU) – Memecoin faces an important resistance zone

Pudgy Penguins (PENGU) increased by 38% in the past week, closing at $0.015, becoming the second highest gaining coin of the week.

However, this increase is still lower than the 60% breakout from the support area of $0.008 from last week, indicating signs of buyer fatigue.

After starting July around the price of $0.01, the increase of over 30% has brought PENGU back to the price range of early February, allowing many holders who were previously at a loss to potentially turn a profit.

As a result, PENGU has decreased by 6% from its weekly peak, indicating a return of selling pressure. The upper resistance zone, combined with weakening upward momentum, is a sign that buying power is gradually diminishing.

Unless large amounts of capital flow in, PENGU risks retreating to the support zone of $0.012 to reset.

PENGU Price Chart | Source: TradingView### Fartcoin (FARTCOIN) – Unique Memecoin continues to rise this week

Fartcoin (FARTCOIN) holds the third position in the list of the strongest rising coins of the past week, with an increase of nearly 20%, peaking at $1.3 after starting the week at $1.09.

This is a continuation of the upward movement from last week's level of $0.8, indicating strong buying power that is effectively protecting the psychological support area of $1, despite the selling pressure still existing above.

However, the closing level of nearly 1.3 dollars could not be maintained, as the price has adjusted to about 1.16 dollars at the time of writing. This further reinforces that 1.3 dollars is an important resistance area that needs to breakout.

Although the short-term uptrend has stalled, FARTCOIN is currently moving sideways in a narrow consolidation range. If trading volume increases, this consolidation pattern could serve as a launchpad for the next upward movement.

Investors should watch for spikes in volume as a potential signal for a new breakout next week.

Fartcoin price chart | Source: TradingView### Other notable rising coins

In addition to major coins, altcoins have skyrocketed and taken center stage in the market this week. IKUN (IKUN) leads with a shocking surge of 650%, followed by MORI COIN (MORI) with an increase of 388% and Nobody Sausage (NOBODY) with a jump of 283%.

Top coins decrease in price this week

Pi (PI) – Token aimed at community utility returning to monthly lows

Pi (PI) led the group of losers this week, losing nearly 15% of its value compared to the opening level of $0.63, as the bears regained control.

Notably, the decline comes after a failed recovery last week, when the PI surged 25% in just three days, hitting a two-month peak at $0.6. However, the momentum quickly weakened.

Since the surge in mid-May to $1.66, PI has continuously struggled to establish a solid support zone. This week also marks the third consecutive lower low, confirming that the downtrend is ongoing.

Although it has declined sharply, the RSI index has not yet truly fallen into the oversold zone, indicating that the risk of further decline remains if the buyers do not soon enter the market with sufficient strength.

Pi price chart | Source: TradingViewThe inability to reclaim the breakout level of $0.47 may open up the risk of a full retest of the $0.40 region, approaching the all-time low. If this occurs, it will be a significant breakout, making next week a critical moment for the long-term price structure of PI.

Jito (JTO) – Liquidity token on the Solana network cannot break through important resistance

Jito (JTO) recorded a decrease of 14.5% over the week, from an opening price of 2.2 dollars down to 1.91 dollars at the time of writing, becoming the second largest declining coin of the week.

This week started with JTO testing the resistance zone of 2.5 dollars for the third time since June, but once again, the buyers failed to break through – although there are no signs that the market is overbought.

The rejection at the peak pushed JTO back below the $2 mark – an important psychological threshold that had previously triggered recoveries. This indicates that JTO may be stuck in a negative price loop.

If the price falls below $1.8, JTO will record the lowest closing of the month, while potentially signaling weakness in the market structure.

However, if the historical pattern repeats, the scenario of returning to the $2.5 region could still occur – although turning this resistance into support will be the key challenge for JTO in the near future.

JTO Price Chart | Source: TradingView### Kaia (KAIA) – Public blockchain wipes out the gains from two weeks ago

Kaia (KAIA) closed the week with a decrease of 11%, from an opening price of $0.17 down to $0.15, becoming the third largest declining coin of the week.

This adjustment follows a 5.5% drop from the previous week, wiping out all the gains from the parabolic rise to $0.21 – which had brought KAIA back to its peak level from January.

The week started with a slight decrease of 2.29%, but a mid-week recovery from the support of $0.16 sparked bullish expectations as KAIA bounced back by 6%.

However, that hope was quickly extinguished by a sell-off of up to 6.72% in one day, likely due to a liquidity sweep, reaffirming the bears' control.

With the selling side gaining an advantage and market sentiment weakening, KAIA is facing the risk of falling into a long-term downtrend.

If the momentum does not reverse soon, the entire increase in June could be swept away.

KAIA price chart | Source: TradingView### Other notable price drops in coins

In the broader market, a strong decline in price volatility is occurring. Tokenize Xchange (TKX) leads the decline group with -43%, followed by SOON (-38.5%) and MEOW (-38%), as the upward momentum has clearly stalled.

Conclusion

The crypto market this week is truly "crazy" – explosive surges, deep declines, and constant fluctuations are keeping investors on their toes.

As always, always do your own research, stay alert, and trade wisely!

Dinh Dinh