ALGO Pumps 44% While SIREN Dumps 68% in This Week's Crypto Rollercoaster
The crypto markets had a volatile week. FUD dominated headlines after Drift Protocol suffered a $280 million exploit—because nothing says "weekend vibes" quite like watching eight figures evaporate in real-time. Regulation also came into focus, while stablecoins were a bright spot, attracting $1.24 billion in weekly inflows. Big picture: This week was about risk, regulation, and resilience. Amid this environment, a few select coins still managed to pull off significant rallies, while others suffered massive losses. Sometimes you eat the gains, and sometimes the gains eat you.
Algorand emerged as this week's standout performer, posting a 43.85% weekly gain. What makes this move particularly interesting is the context. After suffering around 15% losses in Q1, ALGO kicked off Q2 with a 14.23% single-day spike, breaking out of a three-month-long consolidation below the $0.10 mark. Four straight daily candles pushed ALGO above $0.12, triggering a short squeeze that caught many bearish positions off guard. Nothing like a good old-fashioned short squeeze to remind traders that leverage is a hell of a drug.
From a technical angle, the bulls aren't completely in control yet. ALGO is down about 6% in less than 48 hours, and the pullback is underscored by the RSI rolling over after hitting a multi-month high above 80, classic overbought territory. ALGO is bumping into resistance around $0.12, a level that held back the price back in mid-January. Bears are clearly eyeing this overhead supply zone. The $0.12 level is basically that friend who keeps showing up at parties uninvited—just when you think you're done with it, there it is again.
DeXe claimed the second spot this week with a 26.05% rally, showing a more resilient price structure than ALGO. From a technical perspective, this week's gains are part of a textbook bullish continuation pattern, indicating steady demand and strong underlying support. Crossing $10 and moving toward $15+ could be DEXE's next key move. Think of it as the difference between a sprint and a marathon—ALGO came out hot and fast, but DEXe is playing the long game with the patience of a monk holding a losing position.
Venice Token grabbed the third spot this week with a 21.17% rally. However, the real test for its resilience is just getting started. Higher highs haven't formed since VVV hit resistance around $8.5. Since breaking below that level, it has failed twice to reclaim it, and on the 4th of April, the token pulled back, showing bears are creeping back in. A clean breakout above $8.5 will be key for bullish continuation. VVV is currently stuck in that awkward phase where it's neither mooning nor dying—just vibing in purgatory, waiting for a catalyst to pick a direction.
Outside the majors, altcoin rockets stole the spotlight. ONFA led the charge with a 112% jump, followed by Layer3 climbing 110%, while Arkblock rounded out the leaderboard with a strong 74% gain. These gains aren't just pumps—they're the kind of moves that make traders question their life choices, stare at their portfolios in disbelief, and wonder if they've been trading wrong this whole time.
Siren ended the week as the biggest loser, plunging 67.64%, and the timing couldn't have been worse for traders riding its recent rally. On the weekly chart, this week's losses extend last week's 23.58% drop, and over just two weeks, SIREN has erased 100% of the gains from its mid-March 290% surge to $4.7. From a technical standpoint, this is a textbook cooldown phase following an extreme rally, where profit-taking often dominates price action. Nothing says "I should have taken profits" quite like watching a 290% gain turn into a complete wipeout in fifteen days—RIP to those who diamond-handed this one.
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