Aster slipped 11% this week, extending its drift downward on the charts. Price showed lower highs and lower lows, while the RSI was weak, but not yet oversold.
Momentum clearly leaned bearish, with buyers struggling to defend the $1 zone.
But despite the dip, sentiment online is heating up. One X user summarized December as a “countdown to a supply shock,” with a packed schedule: token burns, buybacks, airdrop claims, major events, and the L1 testnet.
In a more formal read, it’s a month of reduced supply, increased demand mechanisms, and heightened visibility. The tide could change.
Memecore [M] — A heavy hit
Memecore [M] had a rough week, dropping 35%; one of its steepest declines in recent months. The chart showed a big downtrend, capped off by a massive red candle. Selling pressure is high.
The RSI was deep in oversold territory, which basically means sellers have been in full control. The MACD was also firmly bearish, with widening red bars and both lines trending down.
Momentum’s weak, confidence is low, and buyers haven’t stepped in yet. If there’s any silver lining, it’s that oversold levels sometimes attract short-term rebounds.
For now, the market mood around M remains cautious.
Other weekly losers
The slump extended to several mid-cap tokens. Fasttoken [FTN] led the declines at press time with a 51.7% weekly drop, sliding to $0.8514 on modest volumes.
Sahara AI [SAHARA] followed, falling 47% despite posting over $300 million in weekly trading activity. DeAgentAI [AIA] also retreated 40.2%, closing the week at $0.4031.
And that’s your week!
Some coins flexed, some coins fumbled. Narratives can shift overnight, and sometimes the biggest moves come from the least expected corners of the market.
As always, take all of this as a guide, not gospel. Stay curious, stay skeptical, and make sure to DYOR before you ape into anything.
Final Thoughts
• AAVE, ENA and KAS saw double-digit gains while ZEC, ASTER and M pulled the market down.
• Whales and unlocks drove sentiment.
Source: https://ambcrypto.com/crypto-markets-weekly-winners-and-losers-ena-kas-m-zec/