Bitcoin (BTC) fell another 3% over the past week, after falling 3.8% the previous week. The altcoin market capitalization decreased by 1.52%, meaning that Bitcoin recorded more losses than the altcoin market combined.
However, many of the top 50 crypto assets by market cap were in the red due to Bitcoin’s correction and broader market concerns. A few tokens outperformed the market by a wide margin.
Let’s take a closer look at these outperformers and their bearish counterparts.
Weekly winners
TAO is on top of the bullish altcoins once again
A move above $302 earlier in March broke the one-day bullish structure. Last week, the local high at $310.6 (dotted orange) was broken, indicating a bullish structural breakout. In other words, Bittensor has seen a bullish price structure on multiple time frames.
Last week the rally reached $261.1 to $377.8, a massive 44.7% move at its peak. It has since declined to the 50% level. To the south, the $286 and $305 areas are key retracement areas to watch.
As long as the price is above $261, TAO’s bullish chances remain strong.
Memecore outperforms major meme coins with 33% move
Glassnode data showed that the memecoin sector has been outperforming over the past week. It rose by 5.8%, while Bitcoin and Ethereum (ETH) Decreased by 3.5% and 5%, respectively.
Memecore’s strong gains likely boosted memecoin’s overall market cap. Another meme, Siren (SIREN), also contributed.
Other popular memes like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) moved less than 0.5% each.
Canton rockets to local highs after being in rebound mode in March
Canton was the surprise weekly winner. It rose by 13.47% within 12 hours on Saturday, March 28. The upper time frame price structure has been bullish, but CC has been declining from $0.19 to $0.14 since the first week of February.
At the end of February, it saw a rally that challenged the local high of $0.175, measuring almost 9% in one day, before the rebound continued. It is possible that a similar scenario could happen again.
Other notable winners
Shares of DeXe (DEXE) and Super AI Alliance (FET) rose 18.5% and 11.8% on the week. Chiliz stock rose 11.9% on speculation of increased fan token activity for the upcoming 2026 FIFA World Cup.
Midnight (NIGHT) is up nearly 9% but continues to work within a downtrend, after facing rejection at $0.065 at the beginning of March. Ondo (ONDO) rose 8.4% Inflows from RWA It strengthened her narrative.
Weekly losers
Polkadot returns to support in February
DOT has only been bearish on the price charts over the past week. The mid-March support at $1.40-$1.45 was tested on Monday, February 23. It held briefly but was broken by selling pressure the next day.
At the time of writing, the $1.25 support since early February is under siege. The RSI has been forming a bullish divergence with the price in recent days, which could lead to a price bounce soon.
Aave suffers huge weekly losses
Popular DeFi protocol Aave continued its six-month downtrend and posted a 10.7% loss during the week. The $100-$105 support area from February has finally been broken.
High foreign exchange reserves Increase selling pressure. As things stand, further losses are still possible for the altcoin.
NEAR Protocol prices are testing the $1.3 resistance level before sliding lower
The relative strength of the AI sector has faded, with only a few tokens showing notable strength. NEAR stock was not one of these stocks, falling 9.7% over the past week.
The $1.3 and $1.2 levels were temporary supports established earlier in the month but it has fallen below them and is at $1.16 at the time of writing.
Other notable losers
The erratic performance of crypto AI sector tokens was highlighted by Internet Computer (ICP) falling 7.1% during the week. The sector has distinct tokens in both categories, showing that select, strong altcoins and a cutting-edge narrative are what traders should look for.
Ethena (ENA) and Mantle (MNT) fell 6.5% and 7.2%, respectively. Worldcoin (WLD) was another poor performer, with a weekly decline of 12.5%.
Bitcoin has reached a decision point, but volatility could still weigh heavily
It was encouraging that Bitcoin was able to defend its local lows of $65.6K, and Ethereum continued to stay above $2,000. This stability may be fragile. Oil-induced inflation Escalation in the Middle East could increase pressure on the cryptocurrency market.
Final summary
- DeXe and FET have continued their excellent performance, with Bittensor being a leader in the altcoin sector.
- The performance of Memecore and SIREN has given a positive spin to the stagnant memecoin market.
