TRUMP token surged by 626% on its debut while PENGU dropped by 17%. Complete analysis of this week's biggest crypto movers and shakers...
delivered another eventful week of trading, marked by dramatic debuts and significant price swings across both established and emerging tokens. While some assets demonstrated remarkable resilience and growth, others faced significant selling pressure, highlighting the market’s volatility.. The token, launched on 18 January, saw its price surge from around $10 to hit highs above $55, demonstrating remarkable momentum and pushing its market capitalization past $11 billion.
The weekly chart revealed a clear three-phase advance – An initial consolidation around $4.50, followed by a steady climb to $5.70, and finally, a powerful breakout pushing the price above $7. The trading volume, sitting at 1.07M RAY, has remained consistently strong throughout the advance, validating this upward momentum.From a technical perspective, RAY maintained a robust position above both its 50-day and 200-day moving averages, confirming the long-term bullish structure. The RSI at 74.
The week began with a brief dip to $0.023, creating a spring before the upward move. FLR established a clear uptrend from this low, with each consolidation phase serving as a launch pad for the next leg up. Particularly notable was the surge on 17 January, one that pushed the price to $0.033, though some profit-taking followed.
Most concerning was the lack of meaningful support levels following the break below $0.030. Each attempted bounce has been met with more selling pressure, forming a pattern of lower highs and lower lows. The token’s failure to hold support at $0.028 could signal further weakness ahead.
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