After a few weeks of huge gains due to the expansion of AI agents and Model Context Protocols (MCP), the market has entered a correction phase. Although a large economy such as $ Bitcoin has shown courage near $ 80,000, small, high beta projects are facing two challenges.
Analysis of the Worst 3 Winners
According to the latest data, the following three products have experienced the most difficult sales in the past week.
1. SKYAI (SKYAI): The -23.46% Improvement
$SKYAI he currently has the title of worst performance every week. After the usual hit of approx $0.85 on May 6, the price dropped to $0.46 various.
- The reason: This book is a “selling story” event following its recent listings on major killings like Bitget. Furthermore, the Relative Strength Index (RSI) reached a level above 85, indicating technical fatigue.
- Current Opinion: The brand is testing psychological support on $0.45. Failure to maintain this level could see another drop to the $0.35 area.
2. Pi (PI): -2.37% Weekly Decrease
Although the loss is small compared to the leading loser, $Pi has been struggling to keep up the pace at the top $0.19 resistance zone.
- The reason: This decline is mainly due to the lack of real changes related to the Open Mainnet transition. Hypothetical exhaustion is approaching as people wait for the 26th version of the renaissance of the universe.
- Technical Status: PI is circulating here $0.17to bind in tightly. Traders are looking for a break above the 50-day EMA to confirm a reversal.
3. Sky (SKY): -2.36% Weekly Decrease
MakerDAO’s updated natural authority token, $Heavenit shows a slight bias towards the altcoin market.
- The reason: In contrast to the AI-driven volatility of the namesake (SKYAI), the decrease in this stock coincides with the decrease in activity of the USDS stablecoin last week.
- Market: At the cost of $0.078the token remains a central DeFi player, although it currently lacks the short-term support needed to overcome the resistance level of $0.085.
Technical Factors: RSI Overextension and Whale Movements
A common thread among the losers this week – mostly AI-themed signs-that’s too much food. Data from Etherscan and BNB Chain trackers show that small “whale” wallets triggered the sale in SKYAI.
When the goods are profited 1,116% in a few months, the water is thin on the surface. Although a slow sell-off can lead to a “decline”, quickly lowering the price will trigger a stop-loss from the wholesalers.
