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This week, the cryptocurrency market witnessed a rollercoaster of activity with significant fluctuations affecting various coins. Bitcoin (BTC) soared to a new milestone above $111,000, but macroeconomic instability soon brought back a risk-averse attitude among investors. Amid the chaos, some sectors remained strong, attracting selective capital inflows that kept them buoyant.

Memecoin SPX6900 (SPX) topped the weekly gainer list, boasting an impressive 30% increase in valuation. Despite starting the week on a bearish note with a 2.10% drop to $0.0743, SPX saw aggressive capital inflows, which triggered a 25% rally over three consecutive days. However, on May 23, the coin faced a sharp 5.09% correction amidst market-wide fear, consolidating around the $0.85 level. Volume dropped significantly by 55.84%, indicating that short-term hype might be waning unless fresh buying pressure emerges.

Worldcoin (WLD) also had a noteworthy week, posting a robust 20.38% gain. On May 22, WLD broke through key resistance at $1.30 with an intraday surge of 26.91%, closing at $1.51, its highest in two months. The subsequent price retracement to retest the $1.30 support level will be crucial. If backed by increasing spot volume, WLD might be well-positioned to attempt another rise toward the $1.50 mark.

DeFi challenger Hyperliquid (HYPE) secured its place among the top performers, driven by strong technical momentum and positive market dynamics. After bottoming out at $9.32 in mid-April, HYPE has maintained a steady uptrend. This week's breakout saw substantial short-covering activity as HYPE tested its mid-February resistance near $27. The move coincided with Bitcoin's all-time high, enhancing the short squeeze effect. HYPE's technical structure and consistent buying pressure suggest that its bullish momentum might continue, especially if follow-through volume supports the rally.

On the losing side, Pyth Network (PYTH) experienced a sharp 19.27% decline. Kicking off the week with an 11.92% plunge, PYTH fell to $0.13, its lowest point in a month. Low-volume trading and lack of bullish interest have kept the token in a compressed range, hinting at further volatility. Without significant buyer action, PYTH could potentially drop to the $0.10 zone.

Story (IP) faced a 13.39% downturn, making it the second-largest loser of the week. Despite beginning with a 5.09% drop and subsequent downside pressure, IP found some bullish support with a 5.33% bounce. Though the bounce was short-lived due to macroeconomic fears, the token has since stabilized around $4.17. If this level holds firm and demand strengthens, IP could see a short-term recovery towards the $4.80-$5.00 supply zone.

EOS (EOS) continued its losing streak with a near 10% slide, remaining one of the top underperformers. Opening the week with a 4.09% dip to $0.75, EOS failed to break through the $1.00 resistance, resulting in increased selling pressure. However, a 3.5% rebound over the past 48 hours indicates potential signs of recovery, with buyers stepping in at the $0.80 level. If volume increases and a higher low forms, EOS might stage a short-term rally towards the $0.95-$1.00 mark.

The broader market suffered notable downturns, with Hot Mom (HOTMOM) leading the weekly losers with a 61.4% drop. APF Coin (APFC) and NEM (XEM) also faced significant declines, falling by 44.6% and 38.2%, respectively.

The crypto market continues to be a field of dramatic shifts, showcasing both remarkable gains and steep losses. As always, traders are advised to conduct thorough research and remain vigilant in these highly volatile conditions.