The cryptocurrency market faced broad declines last week as macroeconomic pressures, including inflation concerns and rising bond yields, sparked risk-off sentiment among investors. Bitcoin lost early-week gains above $80,000 and settled closer to the high $70,000 range, reflecting a cautious environment driven by global financial uncertainty.
Amid the general downturn, several altcoins bucked the trend with impressive weekly rallies. Kite (KITE), an infrastructure token, led the gainers with a 21% increase, building on last week's advance. The token neared a key resistance level around $0.25, though technical indicators suggest it may be entering overbought territory. Still, recent price dips were quickly bought, indicating sustained buyer interest.
Humanity (H), a social crypto project, followed with a 14% gain, breaking back above the $0.25 resistance area it previously struggled to hold, signaling renewed bullish momentum. The token has printed six consecutive weekly gains, trading in a consolidating range between $0.20 and $0.25, with potential to test $0.30 if the uptrend continues.
Injective (INJ), a decentralized finance (DeFi) protocol token, also gained ground with a 13% weekly increase. INJ has matched Humanity's bullish pattern, logging six straight green weekly candles and reclaiming the $5 level for the first time since early in the year. This performance underscores confidence in the underlying DeFi ecosystem despite broader market headwinds.
These selective rallies highlight how certain sectors within crypto—especially infrastructure and DeFi projects—maintain investor interest even when dominant players like Bitcoin encounter volatility. Market participants are closely watching the behavior of overbought signals on technical charts and key resistance levels to gauge whether these uptrends will sustain or face correction amid continuing macroeconomic challenges.