"Crypto Surge: IP Soars 205%, Sonic Up 60%, Maker Rallies 58%"

The cryptocurrency market experienced significant price movements this week, with some tokens surging while others faced substantial downturns. This article explores the biggest winners and losers of the past seven days.

Story [IP] dominated the crypto markets this week, surging 205% from $1.50 to $4.40. The token's meteoric rise began on February 20, when a sustained buying spree pushed prices from $2.50 to a staggering peak of $5.80 on February 21. The rally was fueled by exceptional trading volume, particularly during the explosive session when IP hit its weekly high. However, profit-taking emerged above the $5.50 mark, triggering a pullback that stabilized around $4.40. Despite the retracement from peak levels, IP maintains robust support at $4.20, with buyers consistently stepping in at this price point. The token's price action forms a bullish consolidation pattern, suggesting potential for another leg up. This week's surge places IP among the top performers in the crypto market, with technical indicators firmly in bullish territory.

Sonic [S], formerly FTM, captured significant attention this week, surging 60% from $0.52 to $0.81. The token displayed remarkable momentum, particularly during its mid-week rally that pushed prices to a peak of $0.95. The bullish run kicked off on February 19, with strong buying pressure driving a series of green candles that culminated in a high on February 21. Trading volume spiked notably during this period, reflecting substantial market interest in the token. While profit-taking emerged above $0.90, causing a pullback to current levels, Sonic maintains its bullish structure. The token found solid support around $0.80, with buyers consistently defending this zone. Technical indicators suggest the uptrend remains intact despite the consolidation phase. The $0.85 level now represents key resistance, with a break above potentially triggering renewed buying interest.

Maker [MKR] showcased exceptional strength this week, surging 58% from $1,000 to $1,585. The DeFi heavyweight gained significant momentum after breaking through key resistance levels, particularly the crucial $1,200 mark. The bullish momentum accelerated on February 21,