Onyxcoin Surges 120% in Volatile Crypto Week

Onyxcoin [XCN] emerged as the top gainer of the week, with a remarkable 120% surge in its value. The cryptocurrency experienced a significant rebound mid-week, spiking 43.88% in a single day on the 9th of April. This rally was followed by two consecutive days of heightened buying activity, with price increases of 36.78% and 24.65%, respectively. The low-cap asset dominated the weekly gainers’ chart, erasing two months of losses and breaching $0.027. However, profit-taking ensued, and the rally became overextended, with the RSI hitting a critical overbought condition at 81.09. Despite the overextension, if Onyxcoin mirrors its January price action, where bulls absorbed the sell-offs and sustained the uptrend, a similar rebound could unfold.

Fartcoin [FARTCOIN] also posted a strong bullish performance this week, rallying over 90% amid a breakout from a multi-week accumulation range. The low-cap token decisively cleared the key resistance at $0.64, flipping it into intraday support. The breakout, initiated on the 9th of April with a sharp 50% intraday gain, extended to retest the $0.98 level within two sessions on the daily timeframe. Currently, $0.87 has established itself as a short-term supply zone on the 4H chart, with price action showing signs of exhaustion. The rally toward the psychological $1.00 level has stalled, coinciding with profit-taking. Additionally, the RSI is trending lower from overbought conditions, and the MACD has flipped bearish, indicating waning upside pressure. Given these signals, FARTCOIN may require a liquidity sweep or corrective flush-out before bulls can stage another attempt to reclaim the $1.00 resistance level.

JasmyCoin [JASMY] kicked off the week with a modest 4.85% bounce from a fresh 52-week low of $0.00897. What followed was a sharp and steady recovery. By the week’s end, JASMY was trading at $0.01656, up 68.91%, making it the third-best performing asset of the week. The rally followed a clean breakout from its multi-month downtrend. Also, supported by rising buying volume and a bullish crossover in indicators like the RSI, which moved firmly into positive territory. The price action also suggests accumulation at lower levels, with steady green candles and limited volatility—unlike more speculative spikes seen elsewhere. This indicates stronger hands stepping in, possibly leaving room for further upside. For now, the key resistance sits at $0.018–$0.0194. A decisive breakout above that could open the door for a move toward the next target at $0.022.

Tezos [XTZ] finished the week as the largest underperformer, with a 17.20% decline, extending its consecutive week-on-week losses. On the 1D timeframe, price action remains under significant bearish pressure, with no discernible bid-side absorption to halt the selling momentum. As a result, XTZ has formed a new lower low, breaking below its post-election peak of $1.90 and establishing a fresh support at $0.53. Despite the retracement, demand remains weak, with no signs of strong dip-buying. The absence of accumulation at these levels suggests that XTZ’s downside momentum could persist unless a strong support base materializes to absorb sell-offs. Without a shift in market structure or a bounce off key support, the asset is likely to continue its downtrend in the short term.

EOS [EOS] experienced a significant pivot this week, moving from last week’s biggest winner to second on the loser chart, posting a 12.34% weekly drawdown. The altcoin initiated the week with a 7.28% rally, showing early signs of a breakout attempt after forming three consecutive lower lows. However, momentum quickly reversed as bears took control, leading to a sharp 12.83% bearish engulfing candle, erasing the week’s early gains and pushing price back to $0.65. On the 4H timeframe, the price structure remains firmly bearish, with consecutive red volume bars indicating strong distribution. The absence of bid-side absorption suggests a lack of liquidity support, and without substantial buy-side interest, EOS could face a deeper pullback to test the next support at $0.53.

Movement [MOVE] posted a 12.78% weekly drawdown, retracing from last week’s close at $0.37, placing it third among the top decliners. Price action continues to reflect a distribution phase, as bulls fail to generate sufficient momentum for a structural breakout. In fact, throughout the week, MOVE traded within a consolidation channel between $0.24–$0.40. However, the absence of demand-side absorption near local lows confirms weak market participation, with no signs of accumulation or base formation. Despite a 21% increase in volume, the uptick appears to reflect opportunistic liquidity sweeps rather than a true shift in order flow dynamics. The RSI remains in a downward trajectory, reinforcing bearish bias, while the lack of a confirmed higher low suggests MOVE could be setting up for another liquidity purge below the $0.24 range low.

In summary, the crypto market experienced a volatile week with significant gains and losses among various cryptocurrencies. Onyxcoin, Fartcoin, and JasmyCoin led the gains, while Tezos, EOS, and Movement faced substantial declines. The market's volatility underscores the importance of thorough due diligence before making any investment decisions.