Crypto Heats Up: Weekly Gains Power Market Momentum
The crypto market is seeing a mix of mild corrections and strong weekly gains as investors digest recent surges in major assets. Bitcoin has dipped below $104K, while Ethereum, Solana, and XRP continue to show bullish signs despite minor pullbacks. Memecoins and newer tokens like Kaspa and Ondo also remain in focus as trends shift across sectors.
Bitcoin Corrects Below $104K Amid Profit-Taking
Bitcoin (BTC) is trading at $103,693, marking a 0.49% decline in the past 24 hours. The world’s largest cryptocurrency has cooled off after briefly crossing $105,800, a level that triggered profit-taking across major exchanges. Despite the correction, BTC has maintained a strong 9% gain over the past week. Many analysts suggest this retracement is healthy and part of a larger uptrend, especially as Bitcoin holds firmly above the $100,000 psychological support.
Technical analysts point to a possible double top formation around the $105K range. If BTC can establish support above $102K, it may resume its upward momentum, targeting $110,000 in the coming weeks. The Crypto Fear & Greed Indexremains at 70 (Greed), suggesting that bullish sentiment still dominates the market.
Ethereum Holds Near $2,550 After Pectra Upgrade
Ethereum (ETH) remains steady at $2,553.26, down just 0.2% on the day. The network recently implemented the Pectra upgrade, which streamlined staking, enhanced validator efficiency, and reduced operational complexity. The successful rollout has restored investor confidence, with ETH gaining over 40% in just two weeks.
ETH bulls are targeting $3,000, with long-term forecasts extending to $5,000–$7,000 depending on broader adoption and ETF approval. Technical indicators suggest a brief cooldown might be needed before another breakout, especially as the asset approaches key resistance zones.
Solana Slides 2.8% But Stays in Uptrend
Solana (SOL) has fallen 2.83% to $174.11, though it’s still up nearly 18.5% this week. The blockchain continues to dominate in the NFT and DeFi sectors, with transaction volume and developer activity consistently increasing. As talk of a potential Solana ETF grows louder, investors are keeping a close eye on the asset’s next move.
Despite short-term pressure, the $170–$175 range is acting as solid support. If buying volume returns, SOL could challenge its recent highs above $190.
XRP Maintains Momentum Above $2.50
XRP is down 2.47%, currently trading at $2.54, but it’s holding above a crucial psychological level. The token has climbed 18.2% over the past week, driven by optimism surrounding a potential U.S. ETF listing and growing institutional interest.
Ripple’s increasing presence in Asian cross-border payment corridors also adds bullish sentiment. If XRP can maintain above $2.50, the next resistance lies at $2.85, with $3 within reach in a favorable regulatory climate.
Cardano Sees Minor Dip But Weekly Gains Hold
Cardano (ADA) dropped 4.76% to $0.8037, underperforming slightly compared to other majors. However, ADA has still posted over 18% gains in the last seven days. Continued work on Hydra and increased developer contributions show Cardano is actively evolving.
As long as ADA stays above the $0.75 support level, bulls may attempt a push toward the $0.90–$1.00 range.
Dogecoin and Shiba Inu Pull Back After Meme Run
Dogecoin (DOGE) and Shiba Inu (SHIB) have cooled off after explosive runs. DOGE fell 4.72% to $0.2288, while SHIB slid 6.17% to $0.000016. Still, both tokens remain among the week’s top performers, with DOGE gaining9% andSHIB up over 25%.
DOGE was boosted by Elon Musk’s recent endorsements, while SHIB developers hinted at Shibarium upgrades. These tokens may enter consolidation phases before their next move.
Ondo Corrects but Weekly Trend Positive
Ondo (ONDO) declined 4.52% to $1.03 but remains up 18.9% weekly. ONDO continues to lead the real-world asset (RWA) tokenization trend, offering exposure to U.S. Treasuries on-chain. Investors looking for yield-bearing stable assets still favor Ondo’s protocol, keeping the long-term outlook bullish.
Pi Network IOU Dumps After Sharp Weekly Rally
Pi Network IOU (PI) experienced a sharp 19.2% decline, now at $1.03, after surging 77% last week. Traders speculate this correction was expected after such an aggressive price climb, with attention shifting to potential mainnet from Pi Network’s core team.
Kaspa Continues Uptrend on Strong PoW Narrative
Kaspa (KAS) dropped 1.92% to $0.1220 but continues to be one of the top weekly performers with a 30% gain. Its unique blockDAG proof-of-work design has made it increasingly attractive to miners and developers. As long as macro conditions remain stable, KAS could target $0.15–$0.17 in the near term.
Short-Term Dips, Long-Term Confidence: What’s Next for Crypto?
Despite today’s red candles, the broader outlook remains bullish across key assets. Bitcoin’s hold above $100K and Ethereum’s strength post-upgrade show confidence is returning. Short-term corrections in tokens like SHIB, DOGE, and Pi Network are likely cooling-off phases after sharp rallies. If macro sentiment stays positive, the market could push to new highs before month’s end.
Market Outlook Table (May 13, 2025)
| Token | Price (USD) | 24H Change | Weekly Change | Key Support | Key Resistance | Trend | Notable Drivers |
| BTC | $103,693 | -0.49% | +9% | $100,000 | $105,800 | Bullish cooldown | Profit-taking, strong sentiment |
| ETH | $2,553.26 | -0.2% | +40% | $2,450 | $2,800 | Bullish | Pectra upgrade, ETF speculation |
| SOL | $174.11 | -2.83% | +18.5% | $170 | $190 | Bullish | NFT/DeFi growth, ETF rumors |
| XRP | $2.54 | -2.47% | +18.2% | $2.50 | $2.85 | Bullish | ETF hopes, Asia expansion |
| ADA | $0.8037 | -4.76% | +18% | $0.75 | $0.90 | Bullish-neutral | Development activity, Hydra progress |
| DOGE | $0.2288 | -4.72% | +33.9% | $0.21 | $0.26 | Volatile | Musk influence, meme coin buzz |
| SHIB | $0.000016 | -6.17% | +25% | $0.000015 | $0.000017 | Volatile | Shibarium upgrades, hype |
| ONDO | $1.03 | -4.52% | +18.9% | $0.95 | $1.10 | Bullish | RWA tokenization, DeFi interest |
| PI (IOU) | $1.03 | -19.2% | +77% (prev. wk) | $0.90 | $1.30 | Corrective | Speculation on mainnet launch |
| KAS | $0.1220 | -1.92% | +30% | $0.11 | $0.15 | Bullish | PoW tech, developer interest |
