$2 billion<\/strong> absorbed in eight days. This broadly favorable macro environment acted as fuel for assets capable of capturing attention. However, it was not enough to protect those with fragile fundamentals or technical structures.<\/p>\n\n\n\nFor investors looking to understand cryptocurrencies beyond the simple price action of Bitcoin, this week perfectly illustrates why an individual analysis of each asset remains essential.<\/p>\n\n\n\n <\/figure>\n\n\n\nHumanity Protocol (H)<\/strong> stands out as the biggest winner of the week with a +45%<\/strong> surge, following three consecutive bullish weeks and approaching the $0.15<\/strong> level. A short term pullback is becoming increasingly likely at these levels.<\/p>\n\n\n\nMemeCore (M)<\/strong> finishes second with a +25%<\/strong> weekly gain. The close above $4.30<\/strong> represents the strongest candle of April. With six consecutive bullish weekly closes, the structure remains bullish despite a 5%<\/strong> pullback at the end of the week.<\/p>\n\n\n\nOne point of caution however: with $23.4 million<\/strong> in daily volume against a market capitalization of $7.25 billion<\/strong>, the volume to market cap ratio reaches only 0.32%<\/strong>, well below the 5%<\/strong> expected during a healthy rally of this size. Liquidity could evaporate quickly in the event of a reversal. This point deserves the attention of any active trader on crypto exchanges. Such a low ratio signals that liquidity could dry up rapidly if the trend reverses, carrying a significant risk of slippage upon exit.<\/p>\n\n\n\nOn the protocol side, MemeCore deployed a hardfork on March 25, 2026<\/strong> introducing account abstraction, reducing transaction fees by 100x<\/strong> and improving network stability. The project is also targeting a regulated entry into the South Korean market through the acquisition of a KOSDAQ listed company to obtain a VASP license, a process taking a minimum of six months.<\/p>\n\n\n\nENA: Healthy correction or the start of a reversal?<\/h2>\n\n\n\n On the losing side, Ethena<\/a> (ENA)<\/strong> takes the unflattering title of the biggest weekly loser. An honest reading of this drop requires putting the movement into context. The token had recorded gains of 23%<\/strong> and then 13.5%<\/strong> over the previous two weeks. This represents an increase of roughly 40%<\/strong> in two weeks, before hitting the key resistance at $0.13<\/strong>. The subsequent pullback is therefore mathematically logical.<\/p>\n\n\n\nHowever, several factors are exacerbating the correction beyond a simple technical cooldown. A targeted unlock of 18.6 million ENA<\/strong> to a single whale address generated direct and measurable selling pressure. At the same time, the $292 million<\/strong> exploit on the Kelp DAO LayerZero bridge on April 18 forced Ethena to suspend its own LayerZero bridges as a preventive measure. Although Ethena confirmed having no direct exposure and maintaining an USDe overcollateralization above 100%<\/strong>, the pause fueled a perception of operational and integration risk that weighed on the price.<\/p>\n\n\n\nThe RSI remains in a non extreme zone and long term holders are starting to strengthen their positions. The current structure looks like a classic buy the dip setup, with a new breakout attempt above $0.13<\/strong> as the next target to watch.<\/p>\n\n\n\nFor those involved in crypto trading on DeFi assets, this type of post rally correction with an external trigger often represents a tactical window of opportunity, provided that the residual risk linked to upcoming unlocks is accurately assessed.<\/p>\n\n\n\n\n