Crypto winners & losers: DOT & NEAR surge, BCH & PEPE plunge
Weekly crypto review: DOT and NEAR experience double-digit gains, while BCH and PEPE correct sharply. Technical analysis inside.
Weekly crypto review: DOT and NEAR experience double-digit gains, while BCH and PEPE correct sharply. Technical analysis inside.
Bitcoin’s volatility hasn’t been enough to discourage buyers on Polkadot and NEAR. These two assets stand out with impressive resilience, posting performances that far outclass the rest of the market.
Polkadot (DOT) is undoubtedly one of the big winners. With a spectacular 18.4% surge since the previous week’s opening, the token has validated a bullish structure shift on the daily chart. This movement has left behind a massive imbalance zone between $1.28 and $1.46, which could serve as support in case of a retracement. Currently, the price hovers around $1.57, driven by a strong narrative around expectations tied to a “halving” type event mentioned by analysts, scheduled in about twelve days. However, caution is warranted as the supply zone at $1.80 remains a credible threat to the rally’s continuation.
Meanwhile, NEAR Protocol is riding the artificial intelligence wave. Boosted by NVIDIA’s record results and enthusiasm for AI tokens, NEAR has recorded a 15.94% gain. Technical indicators are green: the RSI at 55 and a positive Chaikin Money Flow (CMF) signal incoming capital flows. The current price trades around $1.16. If the $1.10 support holds, bulls could target the next major resistance around $1.43.
The mood is significantly more somber for Bitcoin Cash and PEPE memecoin holders. These two assets have taken the full brunt of selling pressure, erasing part of their previous gains.
Bitcoin Cash (BCH) has been particularly punished, with a brutal 21.1% drop over the week. The price has fallen below the intermediate support of its long-term range, now trading around $448. Technical indicators are clearly bearish, showing seller domination. However, all hope isn’t lost: the token is approaching a historical demand zone between $440 and $460. For swing traders, this could represent a high-risk/high-reward opportunity, with the objective of returning to $580. This scenario would be invalidated by a break below the February 6th low at $423.
As for PEPE, the frog seems to have lost its bounce. After a period of euphoria, the memecoin shows disappointing performance, trapped in a corrective trend. The current price stagnates around $0.00000353, struggling to regain bullish momentum against a dominant Bitcoin. The key support to watch sits around $0.0000034; a break of this level could lead to a visit to recent lows, while reclaiming $0.0000038 would be needed to hope for a reversal.
The divergence between this week’s winners and losers perfectly illustrates the current fragmentation of the crypto market. While DOT and NEAR benefit from specific narratives (Halving, AI), BCH and PEPE are paying the price for degraded technical structure. The crucial question for the coming days is this: Will the $440 demand zone be sufficient to relaunch BCH, or will selling pressure drag it to new lows? For DOT, the ability to break through the $1.80 wall will determine whether this movement is a simple technical bounce or the beginning of a genuine bullish trend.
Don’t miss out on your bonuses: Sign up on OKX and boost your trading.
Related Articles:
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.