In the previous week, major cryptocurrencies displayed varying trends, with Bitcoin leading the way. While Bitcoin experienced a decline, other altcoins followed suit, showcasing diverse movements. Despite this, a few cryptocurrencies diverged from the trend, achieving notable gains and maintaining the positive momentum from previous weeks.

Bitcoin's price drop had a ripple effect on the broader market valuation of cryptocurrencies, leading to a 1.16% decrease in the global crypto market cap, which now stands at $2.54 trillion.

Here are detailed insights into the top cryptocurrency performers from the past week:

NOT

NOTcoin witnessed exceptional growth in the recent period, outshining other assets. Despite facing an initial drop shortly after its introduction, NOTcoin surged by 304% over seven days. Rebounding from a low of $0.00458 on May 24, NOT sustained its upward trajectory, recording gains for six out of seven days last week. This remarkable performance positioned NOT as the top gainer in the cryptocurrency market. The asset's progress, marked by significant intraday spikes on May 27 and June 1, propelled its value to $0.02505. Although this marks a 348% increase from its recent low, NOT remains 44% below its debut peak of $0.037 on Binance. Notably, the asset's relative strength index (RSI) indicates overbought conditions at 82.48 on the daily timeframe, hinting at a potential correction that could drive prices below $0.02 in the short term. However, a resilient bullish response may lead to a recovery surpassing previous highs above $0.03.

AXS

Axie Infinity (AXS) encountered mixed movements in the past week, closely following market fluctuations. Despite a minor loss on May 26, AXS managed to recover and mitigate losses through the week. Although facing brief setbacks, AXS demonstrated resilience, rebounding from a low of $7.236 on May 31 to register a 6.72% gain on June 1. Overall, AXS experienced a marginal 0.9% decrease during the week. With its current RSI at 55.73, AXS shows potential for further growth, contingent on breaching the upper Bollinger Band resistance at $8.348. A breakthrough above the April 24 highs could facilitate a return to yearly peaks around $13.5. To maintain an upward trajectory, AXS must defend the $7.60 support level, preventing a significant drop below $7.

TIA

Celestia (TIA) emerged as one of the few gainers in the previous week, showcasing consistent growth at the week's onset. TIA's notable 26.2% surge from May 26 to 28, coupled with a substantial intraday gain of 14.86% on May 28, pushed its value above $11 for the first time since April. Despite a short-lived correction that briefly dipped below $11, TIA maintained an upward trend, ending the week above $11 but below the 21-week EMA at $11.47. TIA observed increased accumulation on May 28, coinciding with significant price gains. Currently priced at $11.10, TIA faces a crucial support level at the 23.6% Fibonacci retracement at $11 to counter possible bearish trends. Overcoming the $11.97 barrier could propel TIA towards higher price thresholds, but defending key levels remains pivotal to sustaining positive momentum.