Aster [ASTER], DeXe [DEXE], and Story [IP] led the week. In contrast, Fartcoin [FARTCOIN], SPX [SPX], and Raydium [RAY] saw significant declines.
This week in crypto was all about the Fed’s rate cut.
On the 17th of September, the Fed initiated a 25 bps cut, marking the first rate cut of 2025. Yet, Bitcoin [BTC] held steady, while Ethereum [ETH] and select altcoins saw short-term rallies, as investors remained measured.
The real buzz, however, came from hype coins, with a newly launched token shooting to the top of the charts and stealing the spotlight.
Aster [ASTER] topped this week’s gainers chart with a staggering 1,500%+ rally. The timing couldn’t have been better. Its launch coincided with the Fed’s first 2025 rate cut, driving capital straight into ASTER.
Notably, Aster’s debut saw it hit $0.58, surging over 500% within hours. In fact, the token’s market cap quickly approached $1 billion, bolstered by a strong endorsement from Binance founder Changpeng Zhao (CZ).
In short, capital flowed out of the rest of the market, with Bitcoin dipping 1.13% as FOMO around ASTER ran wild. However, on the daily chart, the hype is starting to fade.
After hitting an intraday $2 all-time high, ASTER pulled back 20%, with early HODLers taking profits. Still, the price is 10% off the day’s low, showing there’s still buying pressure and bullish structure holding.
If this holds, $1.50 could act as a strong demand zone, with overhead resistance still testing sellers. Consolidation here could set up a fresh leg higher if bulls reclaim momentum.
DeXe [DEXE] came in second as the weekly gainer with a 67.17% pop off the $7 base, printing its longest green weekly candle since February 2024 and breaking out of a multi-month consolidation.
Technically, since its early-February high at $24, DEXE had been making lower lows on the weekly, with each breakout attempt rejected by supply from profit-taking, keeping DEXE trapped in a downtrend for months.
What’s different this time?
Buy-side pressure finally held the weekly structure, breaking above the $9.51 resistance level, which coincided with the 23.6% Fibonacci retracement, and its integration with TheOneTradeAI.
In short, FOMO is still alive, but the overheated RSI suggests momentum could stall. However, as long as the $9.50-$9.60 zone holds as support, the setup favors continuation.
Story [IP] ended up as the third weekly winner with a 27% rally, pushing its price to $12.45. Unlike other altcoins on the list, IP has been stacking back-to-back weekly gains, reinforcing its bullish structure.
From a technical standpoint, IP has broken above key resistance levels, including the $10.27 mark, with the next level in focus around $14. The past four weeks have seen higher-high closes, keeping the structure intact.
Against this backdrop, even with overbought RSI, the 12% jump in volume to $290 million shows buyers are still active, suggesting the setup could support another leg higher if momentum holds.
Outside the majors, altcoin rockets stole the spotlight this week.
APX [APX] led the charge with a 1,413% surge, followed by CreditLink Token [CDL], which jumped 299%, and Hypurr Fun [HFUN], rallying 180% to round out the leaderboard.
Fartcoin [FARTCOIN] topped the weekly losers, down 12.45% from $0.87, as buyers stayed on the sidelines.
Technically, since its end-July high at $1.69, FARTCOIN has been in a clear downtrend, printing back-to-back red weekly closes despite the broader meme coin market gaining traction.
The $1 zone remains stiff resistance, capping rallies. In fact, FARTCOIN has failed to breach it four times in the past month, most recently topping out at $0.95. Unless it clears $, the path of least resistance stays lower.
Structurally, if bears stay in control, FARTCOIN could revisit support zones around $0.80-$0.82, where buyers might step back in. A sustained break above $1, however, would be needed to shift the weekly structure.
SPX6900 [SPX] came in as the second weekly loser, down 10.46% to $1.20. Bulls haven’t shown enough follow-through, keeping SPX trapped in a volatile loop below the $2 overhead supply wall.
Backing this, after bouncing 18% off $1.05 early September, SPX hit a $2.30 top but got capped at the $1.50 supply zone, killing momentum. The week saw a 4% dip, a mid-week pop to $1.50, then a slide back to $1.20.
In short, volatility is running deep. With sellers still stacked overhead, a retest of $1.10 support looks likely unless buyers step in aggressively to reclaim control.
Raydium [RAY] came in as the third weekly loser, down 8.10%, closing at $3.11 and printing its fourth straight lower weekly low, keeping the bearish structure intact.
The week started with a 3.9% drop off the $3.70 top, and a mid-week 5.85% bounce on the 17th of September failed to hold. By week’s close, RAY broke into mid-August support around $3.10.
Notably, this is the level that previously fueled a monthly rally to $4. With RSI still weak, buyers are hesitant, and the token looks set to test lower support unless momentum shifts.
In the broader market, downside volatility hit hard.
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% as momentum sharply cooled.
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
