HomeFinance NewsWeekly crypto winners and losers: TON, NEO, W, UNI.

Weekly crypto winners and losers: TON, NEO, W, UNI.

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In a week marked by turbulence in the cryptocurrency market, certain assets managed to outperform the general downtrend. Toncoin, Neo, and LEO were among the biggest winners during this period. Toncoin defied the odds by surging 19.47%, pushing it to the 9th position on the market cap standings. However, indicators suggest that a decline may be on the horizon for Toncoin as technical analysis points towards increasing downward momentum.

On the flip side, Core, Wormhole, and Uniswap found themselves at the top of the biggest losers list. Core’s price plummeted by a staggering 45.66%, making it the worst-performing asset out of the top 100 cryptocurrencies. Wormhole, for the second consecutive week, experienced significant losses, shedding 44.57% of its value. Despite some hopeful technical indicators for Wormhole, such as bulls forming support at $0.47, there is still resistance at $0.81 that might prevent a significant rally. Uniswap also suffered a 35.19% decline due to FUD (fear, uncertainty, and doubt) in the market triggered by a SEC warning, leading to a wave of sell-offs.

Overall, while some cryptocurrencies like Toncoin, Neo, and LEO managed to buck the trend and register gains during a challenging week, others such as Core, Wormhole, and Uniswap faced substantial losses. The volatility and uncertainty in the market continue to impact the prices of these digital assets, with technical analysis offering some insights into potential future movements. Investors should remain cautious and closely monitor the market dynamics to make informed decisions amidst the ongoing cryptocurrency fluctuations.

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