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Crypto market’s weekly winners and losers – M, YELLOW, BTW, UMXM

Crypto market’s weekly winners and losers – M, YELLOW, BTW, UMXM

Crypto had a rough week.

Technically, Bitcoin came under heavy selling pressure after falling below $80k and Ethereum dropped below $2.3k. This, coupled with general market uncertainty, caused many altcoins to struggle during the week. Memecoins had a good week, however, with some seeing impressive gains.

Overall, sellers held the upper hand, leaving traders watching for signs of recovery.

Weekly winners 

MemeCore [M] – L1 gained around 22%-33% over the week as bulls regained control

MemeCore [M] was the biggest winner of the week, rising around 22% as bulls got some much-needed positive news. However, there were signs that the bulls were getting greedy. 

From a technical standpoint, M moved higher towards the $0.97 resistance…

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