AI Tokens Surge 18%-32% Amid Market Volatility, Mantra Crashes 90.54%

This week, the crypto market saw significant movements, with some tokens surging while others plummeted. Leading the gains were Core [CORE], Bittensor [TAO], and Artificial Superintelligence Alliance [FET], while Mantra [OM], Movement [MOVE], and Walrus [WAL] experienced substantial losses.

The week began with a bearish sentiment sweeping through the market, particularly affecting Mantra [OM], which suffered a sharp crash. This event triggered widespread risk-off behavior, causing numerous tokens to face drawdowns. However, AI-focused assets defied the trend, capitalizing on the market’s uncertainty to surge ahead with impressive double-digit returns.

Core [CORE] surged by 32.45% over the week, decisively breaking through the pivotal $0.60 resistance level after two months of consolidation. Despite opening the week with a bearish gap, the selling pressure was swiftly absorbed, triggering a sharp rebound. However, caution is warranted as overbought conditions begin to emerge, potentially signaling a trend exhaustion.

Bittensor [TAO] spearheaded the AI-driven rally, posting a 20.83% weekly surge to break through the key $300 resistance level. Following a retracement to pre-election support levels, the asset initiated a relief rally, confirmed by four consecutive bullish daily closes. The Relative Strength Index (RSI) now shows a bullish divergence relative to prior local highs, underscoring a potential momentum shift favoring the bulls. From a macro perspective, the move reinforces the thesis of AI-native tokens outperforming in a risk-off environment.

Artificial Superintelligence Alliance [FET] logged an 18% weekly gain, placing it just behind TAO on the leaderboard of top-performing assets. The breakout above the $0.50 resistance confirms bullish continuation from a prior accumulation range. However, the token is still capped below the $0.60 macro supply zone, which could trigger a short-term mean reversion if bullish volume fails to expand. FET’s price structure reflects calculated accumulation, with daily candles showing tight-bodied bullish closes and volume spiking 103% to $124.5 million.

On the losing side, Mantra [OM] closed the week as the market’s worst performer, tumbling by a staggering 90.54%. The crash was triggered on the 13th of April, when OM collapsed from $6.35 to under $0.10 within a single session, marking a textbook case of a flash crash. Technically, OM broke through several key support levels with barely any buying interest, showing a clear breakdown in structure. The RSI dropped below 18, showing extreme overselling, and the token hasn’t formed a stable bottom yet.

Movement [MOVE] experienced a 32.21% weekly decline, positioning it as the second-worst performer of the week. The week began with a breakdown below the critical $0.30 support level, signaling weakening demand. Given the absence of strong buyer absorption and a failure to establish a higher low, a strong reversal remains premature. Until $0.30 is reclaimed with significant volume, MOVE is at risk of further downside pressure.

Walrus [WAL] registered a 14.66% weekly retracement, sliding to $0.40 and ranking as the third-largest decliner over the past seven days. The correction effectively nullified prior upside momentum, reversing the gains from last week’s close at $0.52. However, a closer look at the 1D price structure suggests early signs of potential stabilization, with WAL closing the week with an 11.08% intraday rebound. The $0.38–$0.40 price band now acts as a key intraday support cluster, and a sustained defense of this zone could pave the way for sideways consolidation in the near term.

In summary, the crypto market this week was characterized by significant volatility, with AI-focused tokens leading the gains while other sectors faced substantial losses. The market’s inherently volatile nature underscores the importance of conducting thorough due diligence before making any investment decisions.