Crypto Market Sees Triple-Digit Gains and Corrections Amid Ongoing Volatility
This week's crypto market saw significant swings in price, with some altcoins experiencing triple-digit gains and others facing sharp corrections.
Quant [QNT] led the pack with a massive 170%+ rally, breaking above the $160 range and pushing back to levels previously seen in Q4 2022. This has re-established long-term holders with profits from years of holding, but the RSI has entered extreme overbought territory, indicating a potential weak shakeout after the triple-digit rally.
Bitway [BTW] was the second-largest winner on the week, rallying 47%, and has been on a roll for seven straight weeks. It recently entered a price discovery phase and broke into a new all-time high this week, crossing the $1.30 level and putting almost 100% of holders in profit.
NEAR Protocol [NEAR] also saw significant gains, rising by 30%, but its momentum could be short-lived due to the overall overheated market. The price climbed more than 30% from the previous week's lows following an 80% bounce from the previous week.