Weekly Crypto Winners & Losers: OKB Soars, PUMP Dips
Crypto weekly winners and losers reveal mixed performance across the digital asset space. Leading the crypto weekly winners, OKB jumped 66% from its $117 open, fueled by sustained buying pressure and a bullish MACD crossover near $200 support. Morpho (MORPHO) rallied 26% above $2.60 resistance, while Arbitrum (ARB) posted a 6% gain after reclaiming a $0.50 supply wall. Top altcoin rockets Altru (ALU), Huobi Token (HT), and Wayfinder (PROMPT) also joined the crypto weekly winners, surging over 130%.
On the flip side, Pump.fun (PUMP) dipped 20%, breaching $0.03 support, while SKY slid 14% below $0.07 and SPX6900 (SPX) tumbled 13% to multi-week lows under $1.30. Broader altcoin losses saw XNY down 71%, KET -54%, and MYX -44%. Bitcoin retraced 3% from recent highs, even as Ethereum outperformed on dovish Fed remarks that boosted risk-on sentiment.
For traders, this report highlights key support and resistance zones—$190 for OKB, $2.60 for MORPHO, and $0.03 for PUMP—to watch for short-term entries. The crypto weekly winners underscore mid-cap strength and bullish indicators, while notable declines emphasize the need for risk management. Overall, rising risk appetite suggests a bullish tilt, but traders should remain alert to volatility.
Bullish
Positive performance among key mid-cap tokens and bullish technical indicators point toward a bullish outlook. OKB’s 66% rally and bullish MACD crossover signal strong momentum, while Morpho’s breakout and Arbitrum’s multi-week gains reflect sustained demand. Ethereum’s strength and dovish Fed commentary have boosted risk appetite, driving capital rotation into altcoins. However, notable declines in PUMP, SKY, and SPX highlight volatility and the importance of support levels. Historically, similar mid-cap surges in Q2 2024 preceded broader market rallies. In the short term, traders may capitalize on breakouts above resistance zones, while long-term holders could benefit from continued Altseason momentum. Overall, the balance of bullish signals and manageable risks supports a bullish market stance.