Top gainers and fallers in the crypto market last week: CRV, ENA, HYPE, PI

This week, the crypto market recorded many important milestones. America has passed the GENIUS Act. Bitcoin reached a new all-time high of (ATH) over $123,000, while Ethereum (ETH) also surged above $3,700.

Notably, financial institutions also contribute to the momentum as Standard Chartered launches BTC/ETH trading and Peter Thiel's investment fund invests in BitMine.

However, some altcoins still recorded more impressive gains, thanks to the increasing interest in the fields they represent.

Top winning coins of the week

Tezos (XTZ) – Blockchain layer-1 surged to multi-month highs

Tezos (XTZ) leads the altcoin group this week with an increase of over 80% from the bottom of $0.64. After several months of sideways movement, this altcoin has finally regained the important psychological level of $1 that was lost since Q1.

At the beginning of the week, XTZ continued to retest the strong resistance zone at $0.64. However, unlike the three previous failed attempts, this time the price maintained a continuous upward momentum for three sessions, indicating that the momentum is accumulating.

The real turning point occurred on July 19, when XTZ surged 48.48% in just one day – marking the strongest bullish candle since November of last year.

Notably, this breakout surge accounts for more than half of the weekly increase of XTZ and pushes the RSI index into the overbought zone.

XTZ Price Chart | Source: TradingViewIf the bulls continue to increase demand and the upward momentum is maintained, XTZ may head towards the resistance zone of 1.2 dollars next week.

However, if the market becomes too hot, leading to a sell-off or profit-taking, then it is entirely possible for the price to turn back down below the $1 mark.

Curve DAO Token (CRV) – DeFi protocol faces resistance at major supply wall

Curve DAO Token (CRV) is the second strongest coin this week, with a 61% increase from the opening level of $0.61.

Interestingly, the price action of CRV is quite similar to that of XTZ. CRV has surpassed the strong supply zone of 0.75 – 0.85 dollars and has reached the milestone of 1 dollar.

However, unlike XTZ, the bulls could not maintain the price above the resistance level, leading to a slight adjustment of 2.17% for the day.

However, this decline does not stem from any negative news and seems to be just a temporary pause in the upward trend that started last week.

Shortly after, CRV rebounded strongly with a 3.78% bounce back above the $1 mark, indicating that the upward trend is still being maintained. However, at the time of writing, the price has once again slipped below this level and is currently trading at $0.96. If buying pressure continues, the price is likely to regain momentum and the next target could be the $1.1 range.

CRV price chart | Source: TradingView### Ethena (ENA) – A protocol banking recovery strongly from the bottom zone

Ethena (ENA) ranks third in this week's leaderboard with an impressive increase of 56% from the low of $0.32. This week marks a significant turning point on the price chart.

The opening price of the week is gradually approaching the important resistance zone – where ENA has failed to break through for 4 times since May, creating a significant psychological barrier.

However, after four consecutive days of stable buying force, the upward momentum accumulated and the FOMO mentality of (fear of missing out) exploded on July 19 with an 11.2% bounce in a single day, pushing ENA straight to the supply zone around $0.4.

The bulls are undeterred. ENA surged strongly with a 15.11% increase, pushing the price above $0.5 for the first time since the peak of the cycle in January-February.

With the continued strong momentum and stable price structure, ENA may still have room to break through further. If the bulls can maintain the current price range, the next target could be $0.65 in the coming week.

ENA price chart | Source: TradingView### Other notable altcoins

Besides the major coins, other "altcoin rockets" have dominated the market this week.

DOWGE (DJI6930) leads the race with an overwhelming increase of 240%, followed by Cross (CROSS) with a jump of 145% and Elixir (ELX) also rising strongly by 144%, completing the ranking of the strongest growing altcoins of the week.

Top coins that dropped significantly this week

Pump.fun (PUMP) – Memecoin focuses on utility with significant adjustments mid-week

Pump.fun (PUMP) ended the week in the "bottom position", losing nearly 40% of its value and closing around the $0.004 mark.

The sell-off occurred quickly and late in the week – a classic sign of the "hype and then deflate" cycle.

Right after its launch, PUMP heated up with a series of consecutive green candles, surging over 26% to reach a level of $0.006.

However, when the outflow of funds dries up, the market quickly "goes downhill", profit-taking activities surge, and the trend reverses to decline just before the weekend.

PUMP price chart | Source: TradingViewNevertheless, the recovery of 8.86% from the bottom back to the $0.004 mark indicates that the classic "buy the dip" behavior is still present.

If the bulls continue to maintain pressure and the overall market sentiment remains risk-averse, then PUMP could completely turn the situation around and return to the growth coin group.

However, that needs to be verified. Observe whether the price can form a solid base — that is, one or two sideways sessions are needed to create a stable foundation. Without this consolidation phase, the recent bounce may very well just be a "dead cat bounce" in a hype cycle that is gradually fading.

Hyperliquid (HYPE) – Blockchain layer-1 adjustment after hitting significant resistance

Hyperliquid (HYPE) ended the week with a decrease of 6.5% compared to the opening level of 48 dollars, becoming the second largest declining coin in the rankings.

However, this adjustment occurs quite standardly.

After setting a new historical peak at $49.42 on July 13, HYPE followed the familiar pattern – cooling off for a few sessions before finding a higher low.

This time is no different. After four consecutive red candles, HYPE found support around the $45 area and bounced back nearly 3% in the next two days.

If this support zone continues to hold strong and the bulls remain active in defense, HYPE may be preparing for a new breakout, with the potential to surpass the $50 mark next week.

HYPE price chart | Source: TradingView### Pi (PI) – Community-driven digital asset continues to create new lower lows

Pi Network (PI) ended the week with a decrease of 4.2% compared to the opening level of $0.46, becoming the third-largest declining coin.

However, when viewed on the weekly timeframe, the trend is even more negative. The PI has had 5 consecutive weeks of lower lows, with the latest candle closing at $0.44.

Although the RSI index has fallen deep into the oversold territory, the market shows almost no signs of buying, indicating that investors are standing on the sidelines or waiting for clearer signals.

The price structure still leans heavily towards a downward trend, and if the bulls do not intervene soon to reverse it, the PI is likely to return to the $0.4 area next week.

If that happens, it will be the sixth consecutive week of setting lower lows since June – a clear sign that the downtrend is still in control of the market.

PI price chart | Source: TradingView### Other coins that have dropped significantly

In the context of the entire market, the price decline is occurring quite violently.

Launch Coin on Believe (LAUNCHCOIN) leads the group with a sharp decline of 47%, followed by FiMarkCoin (FMC) down 41% and MemeCore (M) losing 36% as the upward momentum weakens rapidly.

Conclusion

This week has truly been a roller coaster: big pumps, strong corrections, and constant volatility.

As always, stay alert, conduct thorough research, and trade intelligently.

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