Top increases and decreases this week: TAO, FET, OM, MOVE

The trading week opens with a widespread pessimistic sentiment in the crypto market as Mantra (OM) falls sharply, leading to a wave of risk reduction.

While fear dominates most segments and many tokens face corrective pressure, AI-related assets (AI) are going against the trend. In the context of increasing volatility, these tokens leverage market instability to break out, climbing to the top of the strongest gaining coins of the week with impressive double-digit increases.

Top gainers of the week

Core (CORE) — Blockchain layer 1 recovers to a two-month high

Core (CORE) surged 32.45% last week, decisively breaking through the important resistance level of $0.6 after two months of accumulation below this mark.

Although the trading week started with a gap down, extending the correction from the previous two sessions, the selling pressure was quickly absorbed, paving the way for a strong rebound. However, caution is necessary as overbought signals begin to appear.

Core price chart 1 day | Source: TradingviewTherefore, the possibility of CORE continuing its strong upward trend next week is showing signs of falling, as the market may be entering a "too fast, too soon" state.

Additionally, the trading volume fell by 55%, down to $23.96 million, further reinforcing this cautious outlook. If the volume indicators do not reverse soon, the risk of a technical correction will increase — which may be a sign that the upward trend is gradually losing momentum.

Bittensor (TAO) — AI protocol breaks resistance

Bittensor (TAO) leads the price increase wave of the AI token group this week, with a rise of 20.83% for the week, surpassing the important resistance level of 300 dollars.

After adjusting to the support zone before the election, TAO has initiated a technical recovery, confirmed by four consecutive rising sessions — each session reaching a higher peak and breaking through short-term supply zones.

Price chart of TAO 1 day | Source: TradingView xIn terms of momentum, the RSI index (Relative Strength Index) is currently showing a bullish divergence compared to the previous local peaks.

This emphasizes the potential for a bullish trend reversal, indicating that buying pressure is latent and growing stronger.

From a macro perspective, this trend reinforces the assertion that AI-native tokens are trending towards outperformance in a risk-off environment — especially in the context of large-cap assets that are either accumulating or showing poor performance, with weekly returns being quite modest.

In addition, the TAO/BTC pair has also just reclaimed the horizontal resistance level from the beginning of March and turned it into a new support area — further strengthening the current positive technical structure.

Overall, these technical signals are putting TAO in a position to continue its upward trend in the upcoming sessions.

Artificial Superintelligence Alliance (FET) — Token AI is at an important crossroads

Artificial Superintelligence Alliance (FET) recorded an increase of 18% over the week, ranking just behind TAO on the list of the strongest performing assets of the past week.

Breaking out of the resistance level of 0.5 dollars confirms the upward trend that is continued from the previous accumulation zone.

However, this token is testing the macro supply area around 0.6 dollars. If the buying volume is not expanded, FET may face a short-term correction to return to the average price.

FET price chart 1 day | Source: TradingView xNotably, the price structure of FET shows intentional accumulation activity. Daily candles are closing in a narrow range but are leaning towards an increase, while trading volume has surged over 103% to $173.5 million — a sign that confidence is being bolstered although still cautiously.

Similar to TAO, FET is benefiting from the risk-off capital flow in the macro market. A decisive breakout above the 0.6 dollar mark could open up a new upward trend.

On the contrary, if the current price level cannot be maintained, profit-taking pressure may appear, leading to a short-term correction.

Other notable coins

Alongside the leading names, the larger market has also witnessed significant price fluctuations.

Voxies (VOXEL) led with a booming increase of 425% last week, outperforming the entire top 1,000 tokens in price momentum. Following behind are Lofi (LOFI) and NKN (NKN), recording impressive increases of 158% and 138%, respectively.

Top fall in the week

Mantra (OM) — Blockchain RWA struggles to regain upward momentum

Mantra (OM) ended the week the worst in the market, plunging as much as 90.54%, as a strong liquidation of leverage sent the token into a "free fall".

The collapse occurred on April 13, when OM plummeted from 6.35 to below 0.1 dollars in just one session, becoming a typical example of a flash crash.

The cause may stem from too many traders holding high-leverage Long positions while the market is overheated.

Technically, OM has broken through a series of important support levels with almost no significant buying power, indicating a clear market breakdown structure.

OM price chart 1 day | Source: TradingViewThe RSI has fallen below the threshold of 18, indicating an extreme oversold condition. Although there have been a few slight bounces, OM has not yet formed a stable bottom.

Unless OM can recover and hold above the range of $0.2–$0.25 with stronger trading volume, the recent drop seems more like a complete reset rather than a short-term correction.

Although it may temporarily bounce back, the overall sentiment surrounding OM and the entire asset segment in the real world (RWA) has suffered significant losses.

Movement (MOVE) — The blockchain community continues the fall chain this week

Movement (MOVE) recorded a fall of 32.21% over the week, becoming the second largest declining asset, only after OM.

Notably, MOVE is the only name in the top 3 that continues to experience a sharp decline, indicating that the downward momentum is still dominant.

MOVE price chart 1 day | Source: TradingViewThe trading week started with MOVE breaking through the important support zone of 0.3 dollars after a period of consolidation, reflecting weakening buying demand.

In the context of a lack of strong buying power and the inability to form a higher bottom, it is still too early to expect a solid reversal.

Until the $0.3 mark is regained with significant volume, MOVE remains at risk of facing additional downward pressure. Investors seem to still be hesitant about opening long positions.

The next support zone is around $0.2, where the market may find temporary "relief." However, without a clear bullish catalyst, it is highly likely that MOVE will enter a prolonged correction phase.

Walrus (WAL) — A powerful application adjustment platform

Walrus (WAL) recorded a 14.66% adjustment over the week, falling to $0.4, becoming the third largest falling token in the past seven days.

This correction has wiped out the previous uptrend, completely reversing the gains from last weekend when WAL closed at the $0.52 mark.

However, observing the price structure on the 1-day time frame shows early signs of stability. WAL ended the week with a rebound of up to 11.08% in the day, bringing the price back to $0.42 at the time of writing.

WAL Price Chart 4 Hours | Source: TradingViewHowever, this recovery momentum was immediately pulled back by 4.12%, indicating that selling pressure still exists as the price rises.

Currently, the price range of 0.38–0.4 dollars is acting as a support cluster on this important day.

If WAL can sustain this support zone, especially when supported by the bullish OBV indicator (On-Balance Volume), then the probability of entering a sideways consolidation phase in the short term is quite high.

For now, the trend remains leaning towards neutral to negative, unless the buyers regain control above the threshold of $0.44.

Other notable coins that have fallen sharply

In the larger market, some tokens have undergone notable price corrections.

WayFinder (PROMPT) leads with a sharp fall of 51%, followed by BabyIon (BABY) and deBridge (DBR), recording falls of 43.7% and 40%, respectively.

Conclusion

Above is the weekly summary of assets that have increased significantly and those that have fallen deeply. Due to the inherent nature of the market, rapid price fluctuations are a common occurrence.

Therefore, it is extremely important for participants to conduct careful self-research before making investment decisions.

You can check the coin price here.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

Dinh Dinh