Crypto markets started August on shaky footing.
Bitcoin struggled to reclaim $65k, keeping the broader altcoin market under pressure, with most high-caps simply following BTC’s consolidation. More importantly, capital rotation across altcoins remained limited.
While the top winners posted double-digit gains, the moves weren’t strong enough to trigger a broader breakout cycle. Meanwhile, bears controlled most of the momentum through the week, with the biggest losers taking the lead.
Weekly winners
LayerZero [ZRO] – Interoperability protocol proved resilient this week
LayerZero [ZRO] emerged as the biggest weekly winner this week, posting a strong 18.7% rally. Still, calling this a full-blown breakout cycle might be a bit too far-fetched, considering ZRO still has key resistance zones to clear before it can officially enter a breakout phase.
That said, this week’s move is definitely pointing in that direction. After last week’s 17% pullback, ZRO has now recovered 100% of those losses, showing that bulls are starting to step in strategically, especially as the altcoin continues to hold a tight range around the $0.8 level.
The technicals are also starting to paint a more bullish picture. As the chart below shows, ZRO’s RSI has jumped more than 5 points this week to 40. This keeps the RSI in oversold territory and leaves plenty of room for further upside.
However, there’s one key thing to watch here.
ZRO’s weekly RSI has failed to break above the 40 level multiple times in previous cycles.
In fact, the last time it moved above this threshold was around mid-Q2, showing that momentum is still relatively weak despite this week’s strong recovery. If the underlying bid doesn’t pick up, calling ZRO’s tight-range move an accumulation phase could be premature.
In that case, reclaiming $1 could still be a tough climb, making a break above the 40 RSI key to watch.
Bitcoin SV [BSV] – Blockchain reinforced its bullish momentum
Bitcoin SV [BSV] came in second among the biggest weekly winners, posting a 13%+ rally. However, just like ZRO, BSV still has a long way to go before it can show strong bullish momentum.
While BSV has been consolidating around the $14 level for over four weeks, this rally alone isn’t enough to confirm a breakout.
Technically, BSV has been making lower lows since its early-May 2025 breakout. Since then, bulls have struggled to hold key support levels, putting more pressure on the $14 zone. This makes the recent 13% rally less convincing as a trend reversal.
For BSV to turn properly bullish, breaking toward $20 is key. More importantly, it needs to break out of this long-standing pattern. Otherwise, if history repeats, another deeper correction could be on the cards.
Curve DAO Token [CRV] – Governance token reached a key inflection point this week
Curve DAO Token [CRV] took the third spot this week with a 12.19% rally. However, just like the other two weekly winners, CRV still hasn’t broken into the $0.30 level, so it’s too early to call this a full-fledged breakout.
That said, unlike BSV, CRV is showing a stronger bullish bias.
Technically, CRV has held $0.15 as a strong support level through most of H1, and that support is now carrying into H2. Bulls have clearly been stepping in and absorbing selling pressure, keeping bears from pushing the price to lower lows and triggering another wave of selling.
Against this backdrop, CRV’s 12% rally looks like a solid bullish setup. A move into the $0.30 zone can’t be ruled out, especially if bulls continue to defend $0.15. If this support keeps holding, CRV could be gearing up for a move toward $0.30 in the coming weeks.
Other notable winners
Outside the majors, altcoin movers also stood out this week.
Tutorial [TUT] led the action with a 681% move, followed by Biconomy [BICO] surging 477%, while SkyAI [SKYAI] gained 366%, rounding out the list of biggest movers.
Weekly losers
Canton [CC] – Layer-1 blockchain, saw a full capitulation sell-off this week
Canton [CC] topped this week’s losers chart with a solid 13% pullback. While that might look like a minor drop on paper, this week’s move is more important than it seems.
CC has now given back most of its 2026 gains, making this one of its biggest moves since the Q4 2025 cycle.
Technically, this week’s correction came after nine straight red weekly candles following CC’s peak around $0.17. The sell-off pushed CC back toward its late-Q4 2025 level, wiping out 100% of its 2026 gains.
On the bright side, the RSI has now entered extremely oversold territory, which could set the stage for stronger accumulation. The nearly 10% rebound in under 48 hours also suggests bulls are starting to step back in, with $0.10 now acting as the key support.
However, the risks are still high. After this week’s sell-off, bulls have a lot of pressure to absorb, while the next major resistance sits around $0.15.
Until CC can reclaim that level, calling this bounce the start of a deeper accumulation phase could be too far-fetched.
Audiera [BEAT] – Blockchain-based platform has put investor patience to the test
Audiera [BEAT] emerged as the second-biggest weekly loser, posting a 10% correction. While the difference between BEAT and CC’s pullbacks isn’t huge, BEAT’s move hasn’t put it under the same pressure as CC. Instead, despite the pullback, BEAT is still moving sideways.
On the weekly chart, BEAT’s pullback comes after the token recently retested the $6+ level. This makes the move look more like a typical post-resistance cooldown rather than a major breakdown.
The RSI is also still above the neutral zone, suggesting selling pressure hasn’t fully cooled off yet.
In this setup, BEAT’s correction could continue into next week unless bulls step in and absorb the pressure. For now, the near-term setup leaves room for a break below $3 if selling pressure picks up.
Ondo [ONDO] – Tokenized RWA platform saw bulls fail to step in this week
Ondo [ONDO] took the third spot among the biggest weekly losers, posting an 8.5% pullback. Notably, this comes after last week’s 6% decline, showing that bulls still aren’t stepping in to absorb the pressure.
This makes ONDO’s setup somewhat similar to CC’s, with the technicals still showing little sign of seller exhaustion.
On the weekly chart, ONDO’s pullback comes after last week’s rally pushed it back toward the $0.50 resistance zone, a level it hasn’t broken since the May cycle. So far, this looks more like a typical post-resistance cooldown rather than a full trend reversal.
Looking at previous weekly moves, ONDO’s near-term support sits around $0.20. If the RSI reaches the oversold zone as the price approaches this zone, it could set up a reversal, making this range the key area to watch.
Other notable losers
In the broader market, downside volatility hit hard.
UnifAI Network [UAI] led the losers with a 57% drop, followed by KAITO [KAITO] falling 40.9%, and FONQ [FONQ] slipping 37% as momentum sharply cooled.
Conclusion
Final Summary
- LayerZero [ZRO], Bitcoin SV [BSV], and Curve DAO Token [CRV] led the week in gains.
- Canton [CC], Audiera [BEAT] and Ondo [ONDO] saw significant declines.
