Over the past week, Bitcoin [BTC] challenged the $74k resistance but failed to break above it. Bears then forced an 8.9% retracement from the local highs within four days.
This short-term volatility triggered sharp moves across several medium-cap altcoins.
Weekly winners
OKB rallies beyond $100 after investment announcement
Source: OKB/USDT on TradingView
Intercontinental Exchange, the parent company of the New York Stock Exchange, acquired a minority stake in the OKX exchange. The deal saw the exchange receive a $25 billion valuation, although the exact investment figures were unknown.
This saw the OKB token prices rally from $77 to $120 within a day.
Additionally, the rally originated from around the $79 level, a key long-term support.
Long-term investors would want to see the $120 level, which has served as resistance since mid-November 2025, to be flipped to support before buying.
Pi Network token shrugs off bull trap fears
AMBCrypto had reported that the PI long-term trend was bearish. The $0.207 level was a key swing level, with the $0.215 also being a supply zone from December 2025 for buyers to beware of.
The triangle pattern saw a firm bullish breakout, breaching both resistances and flipping the long-term bias bullishly.
Traders and investors can wait for a retracement to look for buying opportunities.
Other notable winners
Memecore [M] was able to challenge the mid-range resistance at $1.57, noting a 9.2% rally compared to last Sunday’s low.
However, in recent hours of trading, it was forced to fall to the $1.5 level yet again. Traders could keep an eye on this memecoin and its mid-range resistance.
Mantle [MNT] was another altcoin to keep an eye on.
It has posted a 5.73% gain over the past week and has breached the local swing point at $0.68.
Weekly losers
Cardano faces renewed “ghost chain” criticism
Source: ADA/USDT on TradingView
Despite being a large-cap crypto asset, the Cardano [ADA] blockchain has faced criticism for low onchain activity for years.
This viewpoint surfaced once again as popular analyst Ali Martinez drew attention to the chain’s low activity and slow pace of development.
The analyst also observed that the chain’s Total Value Locked has never exceeded $1 billion.
For reference, industry leader Ethereum [ETH] boasted a $54.67 billion TVL at the time of writing.
On the price charts, ADA has shed 9.61% from last Sunday’s open at $0.281. The stiff resistance at $0.305 was not overcome, but a test of the $0.246 support zone could be interesting.
WLFI team dumps $1.74 million worth of tokens
World Liberty Financial [WLFI] has fallen 14% since last Sunday’s open, i.e., on the 8th of March.
AMBCrypto reported that the token could fall by 25% to $0.07 if the $0.097 support is not defended. At the time of writing, WLFI was trading at $0.0968.
Other notable losers
ZCash [ZEC] was down 10.4% from last week. It has made the losers’ list twice in a row now. The $187 support level was a key long-term retracement level that bulls will likely fight to defend.
Solana [SOL] tested the $90 supply zone but was unable to break through. Its onchain metrics signaled seller pressure was imminent, which could lead to further drawdown.
More losses to accompany the start of the next week
Bitcoin was falling toward the $63k-$65k demand zone, where the previous bullish impulse move originated.
The retracement and a subsequent bullish reaction could give certain altcoins the push to climb higher next week.
Volatility is expected to continue, and traders should wait for BTC to set the tone for next week’s trends.
Final Summary
- OKB and Pi Network tokens grabbed the limelight with a strong bullish showing over the past week.
- Cardano and Solana were popular large-cap coins that were unable to scale local supply zones recently.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Source: https://ambcrypto.com/crypto-market-cap-weekly-review-8-march/
