Crypto Market: Top Gainers & Losers – ASTER, DEXE, and More
Key Takeaways
This week's top performers included Aster [ASTER], DeXe [DEXE], and Story [IP]. Conversely, Fartcoin [FARTCOIN], SPX [SPX], and Raydium [RAY] experienced significant losses.
The crypto market's recent activity was influenced by the Federal Reserve's rate cut.
On September 17th, the Fed implemented a 25 bps rate cut, the first of 2025. Bitcoin [BTC] remained relatively stable, while Ethereum [ETH] and some altcoins saw short-term gains as investors reacted cautiously.
However, the most notable activity revolved around hype coins, with a new token quickly rising to prominence.
Weekly Winners
Aster [ASTER] – New DEX Token Experiences Four-Digit Surge
Aster [ASTER] led the gainers this week, rallying over 1,500%. Its launch coincided with the Fed's rate cut, driving capital into ASTER.
Aster's initial launch price hit $0.58, surging over 500% within hours. Its market cap approached $1 billion, supported by endorsements.
Capital shifted away from other parts of the market, with Bitcoin dipping 1.13% amid the ASTER frenzy. However, the hype appears to be waning on the daily chart.
DeXe [DEXE] – Social Trading Platform Breaks Out
DeXe [DEXE] was the second-highest gainer, with a 67.17% increase from its $7 base. This marks its most significant weekly gain since February 2024, breaking a multi-month consolidation pattern.
Since its early-February high of $24, DEXE has been making lower lows, with repeated breakout attempts failing due to profit-taking.
This time, buy-side pressure sustained the weekly structure, surpassing the $9.51 resistance level, coinciding with the 23.6% Fibonacci retracement and its integration with TheOneTradeAI.
While the RSI suggests momentum could slow, the $9.50–$9.60 zone holding as support indicates a potential continuation.
Story [IP] – NFT Project Maintains Bullish Momentum
Story [IP] secured the third spot with a 27% increase, reaching $12.45. Unlike other altcoins, IP has seen consecutive weekly gains, strengthening its bullish structure.
IP has surpassed key resistance levels, including $10.27, with the next target around $14. The past four weeks have shown higher-high closes, maintaining the structure.
Despite an overbought RSI, a 12% volume increase to $290 million indicates continued buyer activity, suggesting potential for further gains if momentum persists.
Other Notable Winners
Several altcoins saw substantial gains this week.
APX [APX] surged by 1,413%, followed by CreditLink Token [CDL] with a 299% jump, and Hypurr Fun [HFUN], which rallied 180%.
Weekly Losers
Fartcoin [FARTCOIN] – Meme Token Continues to Decline
Fartcoin [FARTCOIN] led the losers, declining 12.45% from $0.87 as buyers remained on the sidelines.
Since its late-July high of $1.69, FARTCOIN has been in a downtrend, with consecutive red weekly closes, despite gains in the broader meme coin market.
The $1 zone remains a resistance level, limiting rallies. FARTCOIN has failed to breach it four times in the past month. A break above $1 is needed to reverse the trend.
If bears maintain control, FARTCOIN could test support zones around $0.80–$0.82. A sustained break above $1 is necessary to shift the weekly structure.
SPX6900 [SPX] – Crypto Index Tracker Sees Bears Take Over
SPX6900 [SPX] was the second-biggest loser, falling 10.46% to $1.20. Bulls have not sustained upward momentum, keeping SPX volatile below the $2 resistance.
After an 18% bounce off $1.05 in early September, SPX topped at $2.30 but was capped at the $1.50 supply zone. The week saw a dip, a rise to $1.50, then a fall back to $1.20.
Volatility remains high. A retest of $1.10 support is likely unless buyers aggressively step in.
Raydium [RAY] – Solana-Based DEX Token Fails to Break Resistance
Raydium [RAY] was the third-largest loser, down 8.10%, closing at $3.11 and marking its fourth consecutive lower weekly low, keeping the bearish structure intact.
The week started with a 3.9% drop from $3.70, and a mid-week bounce of 5.85% on September 17th failed to hold. RAY broke into mid-August support around $3.10.
With a weak RSI, buyers are hesitant, and the token appears set to test lower support unless momentum changes.
Other Notable Losers
The broader market experienced downside volatility.
Troll [TROLL] led the losers with a 42.5% drop, followed by Collector Crypt [CARDS] down 41.6%, and Four [FORM], which slipped 38.9%.
Conclusion
This week featured significant market volatility. Stay informed and trade carefully.