Crypto Chaos: TAO and FET Soar While OM Crashes Over 90% in Shocking Market Shakeup!

Crypto market’s weekly winners and losers – <a href="https://pricpr.com/tao-usd/">TAO</a>, <a href="https://pricpr.com/fet-usd/">FET</a>, OM, <a href="https://pricpr.com/move-usd/">MOVE</a>

Core [CORE], Bittensor [TAO], and Artificial Superintelligence Alliance [FET] led the upside momentum.
Meanwhile, Mantra [OM], Movement [MOVE], and Walrus [WAL] underperformed significantly.

The crypto market started off the week on a negative note, with pessimistic feelings spreading like waves. This bearish attitude led to a significant drop in Mantra’s value (OM), causing investors to become cautious and adopt a more defensive stance.

Despite widespread fear causing many sectors to experience declines, assets focused on artificial intelligence bucked the trend and didn’t follow suit.

In times of increased market turbulence, these tokens managed to thrive by leveraging the market’s doubt. Consequently, they experienced a significant upward trend, ultimately leading them to head the weekly winners’ list, boasting remarkable double-digit profits.

Weekly winners

Core [CORE] — L1 blockchain rebounds to a two-month high

Over the past week, CORE experienced a significant jump of approximately 32.45%, successfully breaching the crucial $0.60 barrier that had been holding it back for around two months, following a period of stabilization below this mark.

Initially, there was a significant drop at the start of the week, deepening the previous two days’ downtrend. However, this downward pressure quickly diminished, leading to a strong market recovery.

That said, caution is warranted as overbought conditions begin to emerge.

Therefore, it seems that CORE’s upward trend might slow down or even reverse next week, given the possibility that the market is experiencing an overload of positive developments, which could be referred to as “an abundance too quickly.

Moreover, the decrease in trading volume by 26%, currently standing at $32.52 million, aligns with a cautious perspective.

If the volume indicators don’t suggest a change, there’s an increasing likelihood of a technical adjustment occurring, which might be a signal that the current trend is nearing its end.

Bittensor [TAO] — AI-focused protocol breaks resistance

This week, Bittensor [TAO] led the charge among AI-powered coins, experiencing a significant jump of 20.83%, surpassing the crucial $300 barrier and reaching new heights.

After falling back to levels seen before an election, the asset experienced a rebound rally, which was reinforced by four days of positive closing prices, each marking new highs and breaking through intermediary resistance areas.

As a crypto investor, I’m observing an interesting trend with the Relative Strength Index (RSI). Currently, it’s displaying a bullish divergence compared to the previous local highs, suggesting that while the prices may have peaked, the momentum might be preparing for another positive move.

This implies a possible change in market trend leaning towards the bulls (those who buy securities on an expectation that their price will rise), indicating robust demand from buyers.

Looking at the bigger picture, this action supports AMBCrypto’s belief that AI-centric tokens will excel more during market downturns. This is especially true when large, established assets are either stagnating or performing poorly with low weekly yields.

Moreover, the TAO/BTC pair has once again surpassed its previous March horizontal resistance level, transforming this barrier into a potential support level. This action strengthens the existing bullish pattern.

In summary, these upcoming technological advancements could lead to an increase in TAO’s growth trajectory during the forthcoming trading sessions.

Artificial Superintelligence Alliance [FET] — Token powering AI sits at a critical juncture

As a researcher observing the market, I’ve noticed an impressive 18% weekly growth for the Artificial Superintelligence Alliance (FET), which currently ranks slightly below TAO in the league table of top-performing assets.

Moving beyond the $0.50 barrier indicates a continued bullish trend, which was initially suggested by a previous phase of buying (accumulation).

Nevertheless, the token hasn’t breached the $0.60 resistance level provided by its macro supply. Consequently, if bullish trading volume doesn’t increase significantly, there might be a temporary reversal in price trend.

Significantly, the pricing model of FET appears to be the result of deliberate accumulation. Each daily candle demonstrates compact-bodied bullish finishes, and the trading volume has surged by 103% to reach $124.5 million – a clear indication of controlled yet increasing confidence in this asset.

Similar to its AI equivalent, FET is gaining advantages due to large-scale risk reduction movements in the market. If it manages to break through the $0.60 mark decisively, it may trigger another phase of growth.

Failure to defend current levels, however, may invite profit-taking and a short-term retrace.

Other notable gainers

Beyond the leading performers, the broader market saw significant price action.

Voxies, a type of voxel token, surged ahead with an astonishing 425% price surge, leaving over a thousand other tokens in its dust when it comes to speed and growth. Lofi and NKN followed closely behind, showing strong performance by increasing their prices by 158% and 138% respectively.

Weekly losers

Mantra [OM] — RWA blockchain struggles to reclaim momentum

Over the course of the week, the cryptocurrency known as Mantra [OM] ended up being the market’s biggest loser, plummeting an astounding 90.54%. This dramatic drop was primarily due to a sudden and severe deleveraging incident that caused the token to plunge rapidly.

On April 13th, the sudden drop in OM’s value occurred, plummeting from approximately $6.35 down to nearly $0.10 during a single trading session, exemplifying a classic instance of a rapid price collapse, often referred to as a flash crash.

It seems that this crash may have resulted from a large number of traders maintaining excessively leveraged long positions, possibly exacerbating an already volatile market situation.

In simpler terms, OM fell below multiple important resistance points without much demand for purchase, indicating a noticeable weakening of its structure.

The Relative Strength Index (RSI) has dipped under 18, indicating intense selling pressure. Despite minor rebounds, the token hasn’t established a solid recovery point as of now.

If OM fails to regain and maintain its position above the $0.20 – $0.25 range with increased trading activity, it seems that the latest drop might represent a comprehensive reset rather than a temporary decrease.

Although there might be a short-term increase, the general outlook towards OM and the entire Renewable Energy (RWA) sector has experienced a significant negative shift.

Movement [MOVE] — Community blockchain extends weekly downtrend

movement saw a significant drop of 32.21% over the past week, placing it as the second-most negatively impacted asset for that period.

Specifically, among the top 3 losing assets, it’s worth noting that MOVE is the one that keeps experiencing more losses, underscoring persistent downward pressure.

The initial days of the week saw prices dipping beneath the crucial $0.30 support point, indicating a decrease in demand after a phase of price stabilization.

As an analyst, I find myself cautious about predicting a strong market reversal at this time. The lack of robust buyer activity and the inability to establish a new low point suggest that such a reversal may not be imminent.

As long as the price of $0.30 isn’t regained substantially, the MOVE cryptocurrency could face additional pressure towards falling prices, since traders seem reluctant to invest in long-term holdings.

In simpler terms, the price might drop back to approximately $0.20 area, which could offer a brief respite for the market. However, if there’s no strong positive factor at play, it appears that a period of correction could follow.

Walrus [WAL] — Application platform sees a sharp correction

The digital currency known as Walrus experienced a decrease of about 14.66% in its value over the last week, falling to $0.40 and being the third-biggest drop among all cryptocurrencies during this period.

The adjustment completely canceled out the previous positive trend, causing a decline that undid the profits made from last week’s closing price of $0.52.

Upon examining the one-day pricing pattern more closely, there appears to be tentative indications of possible price consolidation. Moreover, Walmart closed the week on a high note, experiencing an 11.08% surge within the day, bringing its price up to $0.41 at the time of publication.

Yet, this action was subsequently met with a rapid decline of 4.12%, implying that there might still be some sellers holding out even amidst the market’s strength.

That said, the $0.38–$0.40 price band now acts as a key intraday support cluster.

Maintaining a continuous protection over this area might be beneficial, especially if On Balance Volume (OBV) increases. This could potentially lead to a period of price stability or sideways movement in the short term.

For now, directional bias remains neutral-to-bearish unless buyers reclaim initiative above $0.44.

Other notable losers

In the broader market, several tokens experienced notable price retracements.

In this scenario, WayFinder experienced a significant drop of 51%, making it the hardest hit among the three. Subsequently, BabyIon and deBridge experienced declines of 43.7% and 40% respectively.

Or in another way:

WayFinder faced a steep 51% reduction, marking the largest decrease among them. Following this, BabyIon and deBridge also saw decreases of 43.7% and 40%.

Conclusion

This week’s round-up highlights the stocks that experienced significant gains and losses. As the stock market is known for its unpredictability, sharp price changes happen frequently.

Consequently, it’s extremely important to carefully examine all relevant information (doing your own research) prior to making any investment choices.

2025-04-20 22:38