今週加密市場充滿混亂與反彈，投資者盡見閃崩、意外上市及激進治理。OM成為今年最誇張暴跌之一，價值狂瀉逾九成；另一方面，SPA及COMBO憑藉質押熱潮及重塑品牌，成功強勢反彈。
與此同時，AERGO意外在Binance推出期貨合約，逆轉了早前的下架威脅，重奪市場焦點。當meme幣熱度稍降，企業級區塊鏈及治理代幣重新成為市場亮點。以下是本週市場熱捧的十枚幣。
AERGO (AERGO)
價格變動（7日）： +36.09% 現價： $0.2793
最新動向
AERGO連續第二週成為市場焦點。繼Binance突如其來取消下架後，再推出AERGOUSDT永續合約，槓桿高達15倍。AERGO獲三星支持，與新韓銀行、現代汽車合作，鞏固其企業級市場定位，加上最近與BitGo整合，為機構級託管安全和合規提供保障，提升了投資者信心。AERGO正以混合型企業區塊鏈身份及強大機構資源，穩佔一席位。
後市展望
Binance期貨上市帶來急升，但現時股價盤整於高位。RSI約64顯示輕微超買。若維持$0.24以上，有望續升至$0.33；RSI若升回70以上且成交配合，短線再爆升機會大。但一旦跌穿$0.24，或試$0.21附近支持。留意槓桿爆倉訊號以捕捉轉向。
ArbDoge AI (AIDOGE)
價格變動（7日）： +46.06% 現價： $0.0000000001093
最新動向
ArbDoge AI於Bitget推出USDT期貨合約後曾短升，支援20倍槓桿及機械人交易。惟大戶控股高達84.39%，加上用戶就獎勵發放、質押提現問題以及官網故障等憂慮爆發，警號響起。雖聲稱完全去中心化，惟創辦人亦坦言因個人原因暫時離開，項目缺乏明確領導，透明度和持續性備受質疑，用戶信心大降。
後市展望
技術面上，AIDOGE大瀉後RSI跌穿30，屬極度超賣，但買盤極少。下一個需求區或在$0.000000000097附近。若價格穩住，RSI回升至40以上，有機會短線回彈至$0.00000000013。惟大戶沽壓與項目不明朗將壓抑升幅，風險極高。預期短期波動極大，甚至有死貓彈現象才可望見穩定。
COMBO (COMBO)
價格變動（7日）： +266.03% 現價： $0.03174
最新動向
COMBO早前幾近被忽略兼流出，重塑前身Cocos-BCX再起動，一週飆近300%。帶動成交暴增581%，大戶冒險炒作，一宗高達$58.1萬美元交易亦成注目焦點。市場氣氛樂觀，61%群眾表現正面，但發展細節及實際用途仍乏實質更新，長遠續航力仍有疑問。
後市展望
COMBO RSI曾達78，嚴重超買。由$0.06調整至$0.03，反映炒風降溫。RSI跌穿60且未能重拾成交，易回調至$0.026支持；若能守住$0.03並現牛市背馳，則有望重試$0.045。現時波動大，僅屬短炒者合適，長線者宜等突破$0.025支持再作部署。
Stratis [New] (STRAX)
價格變動（7日）： +52.11% 現價： $0.0638
最新動向
STRAX本周爆升近七成，主要受市場炒作及傳聞帶動。市場上關於Web3遊戲或AI合作，以及主網升級或硬分叉的未證實消息率先刺激大量資金流入。成交較上週激增五倍，反映炒作熾熱。STRAX突破多個重要技術阻力位，團隊暫未正式宣布任何利好，升浪主要來自炒作及技術派追入。
後市展望
STRAX RSI高企約71，處於超買邊緣。若動能持續兼消息落實，有望重試$0.075–$0.08區間。但消息未落實或會觸發獲利回吐，短線小回至$0.058–$0.062支持區。成交為關鍵指標，若買盤萎縮，或將大幅回調。反之，若日線強勢收$0.065並配合成交，則升勢可望延續短暫。
Ardor (ARDR)
價格變動（7日）： +76.70% 現價： $0.1144
最新動向
ARDR本屬Binance「投票下架」名單內，卻大出意料成為本週最大贏家之一，周升超過110%。原因多歸結於其Nxt鏈分層架構受市場重新關注，高能效且創新。區塊鏈升級及應用討論熱烈，市場不僅因抗議炒價，更因基本因素重被發掘。
後市展望
ARDR因投機熱度，RSI逼近68。如保持高成交，有望挑戰$0.125–$0.13。不過，一旦正式被Binance下架，或再急跌。若$0.105支持失守，或再見$0.09。交易者宜留意RSI頂背離或MACD轉弱，風險極高建議設緊止蝕。
Raydium (RAY)
價格變動（7日）： +24.20% 現價： $2.22
最新動向
Raydium因LaunchLab（原生造幣平台）推出再次掀起熱潮，劍指Pump.fun地位。此前Pump.fun撤離其流動池，令成交短暫下跌。LaunchLab新增LP鎖倉、推薦獎SOL、自動搬遷流動性及25%回購RAY等創新功能。宣布後RAY價一度衝至$2.33，日成交激增逾180%，生態圈有望強勢回歸。
後市展望
日線走勢牛市，RSI約60，尚有上升空間。如能配合成交重奪$2.30，則阻力位看$2.45。$2.15–$2.22間屬吸納機會。若失守$2.10，則動能轉弱，$1.95為下方目標。須密切追蹤成交動向及RSI若升破65，有望進一步向上。
Threshold (T)
價格變動（7日）： +37.86% 現價： $0.01969
最新動向
Threshold Network公布DAO重整及推行T幣回購計劃後急彈。隨著TIP-103議案實行，開發、市場及DeFi整合等職責全移交tLabs，開啟永續發展策略，亦大幅削減逾110萬美元經常開支。DAO已完成3,000萬T幣回購，買盤熾熱。儲備近800–900萬美元及約4.2億T幣在多簽錢包，Threshold積極為業務擴展作好準備。 with tBTC usage climbing across DeFi platforms. 隨著 tBTC 在 DeFi 平台上的使用量持續上升。
Forecast
T’s breakout above $0.017 resistance turned heads, with RSI at ~67—suggesting continued bullish bias. A close above $0.02 could target $0.023 next. If RSI crosses 70, short-term overheating might cause a pullback toward $0.017–$0.018. On-balance volume (OBV) remains strong, signaling accumulation. As long as support holds, Threshold could continue its bullish structure into the next week. T 升穿 $0.017 阻力位，引起廣泛關注，RSI 約為 67，顯示多頭趨勢有望持續。如果能收市穩企於 $0.02 以上，下個目標可能升至 $0.023。若 RSI 突破 70，短期過熱可能導致價格回落至 $0.017–$0.018 區間。OBV（平衡交易量）依然強勁，反映正在吸納籌碼。只要支撐位未失守，Threshold 下一週有望繼續保持強勢格局。
Gomble (GM)
Price Change (7D): +25.38%
Current Price: $0.02481
News
GM received a boost from its multi-exchange listings, including Binance Alpha and Coinone, alongside airdrop events and token claiming challenges. Bitget also launched a special $4,600 GM earning event. The unique claiming system allows community members to either vest or engage in a multiplier-based “challenge” for early access. The transparency around investor and team token unlocks has been well-received, reinforcing trust. These mechanics seem designed to retain user attention while preventing rapid token dumps. GM 受惠於多間交易所上市，包括 [Binance Alpha] 及 [Coinone]，加上空投活動及代幣申領挑戰，推動了熱潮。[Bitget] 亦推出高達 $4,600 GM 的賺取活動。其獨特的申領機制，允許社區成員選擇分期領取或參與倍數「挑戰」以優先獲得，增加互動。關於投資者及團隊代幣解鎖的透明度亦獲認同，增強信任。這些設計旨在留住用戶關注，同時防止代幣被快速拋售。
Forecast
GM’s RSI sits at a healthy 59, suggesting it still has room to run. After rejecting resistance near $0.035, it’s now finding support at $0.023–$0.025. If this range holds, and volume picks up again post-Binance airdrop, GM could retest $0.03. If momentum fails and RSI dips below 50, expect a correction to $0.021. While short-term sentiment is bullish, cautious optimism is advised given the project’s novelty and speculative tokenomics. GM 的 RSI 處於健康水平 59，尚有上升空間。早前在 $0.035 阻力遇阻，現時於 $0.023–$0.025 範圍尋找支撐。如果守得住，加上 Binance 空投後成交回升，GM 有機會再次挑戰 $0.03。若動力減弱、RSI 跌破 50，則可能調整至 $0.021。雖然短線情緒偏好，但鑒於項目新穎及代幣經濟較具投機性，建議保持審慎樂觀。
Sperax (SPA)
Price Change (7D): +42.64%
Current Price: $0.02068
News
SPA rallied after a new governance proposal (SIP-70) was introduced, seeking to pause token minting and renounce contract ownership - a strong decentralization move. This followed the failure of SIP-69 due to quorum issues, prompting adjustments in voting configurations. The listing on Pionex and updates showing healthy protocol activity - like $8.48M TVL, 4.083% APY, and 343M SPA locked in veSPA - strengthened confidence. The token burn of nearly 15K SPA this week and consistent staking engagement also signaled commitment to deflationary supply and community alignment. [SPA] 因提出新治理議案（[SIP-70]），計劃暫停代幣鑄造並放棄合約擁有權，展現去中心化決心，而大漲。此前 SIP-69 因法定人數不足未通過，促使投票設置作出調整。於 [Pionex] 上市以及協議數據健康（如 TVL $8.48M、APY 4.083%、343M SPA 鎖定於 veSPA）進一步增強信心。本週燒毀近 15,000 SPA，持續質押亦彰顯其對通縮供應及社區利益的承諾。
Forecast
SPA’s RSI is around 62, supporting its bullish momentum. The coin has retraced from a high near $0.027 and is consolidating near $0.020 support. A sustained push above $0.022 could open room for a climb toward $0.025. However, waning volume and a rising wedge pattern may suggest near-term pullback risk. Watch for RSI divergence or MACD crossovers—these could hint at upcoming exhaustion. Support sits at $0.0185 in case of correction. SPA RSI 約為 62，支持其強勢走勢。現時由高位 $0.027 回調，在 $0.020 支撐區整固。若能持續突破 $0.022，有望向上測試 $0.025。惟成交減弱及上升楔形型態，可能預示短線有回吐壓力。留意 RSI 背馳或 MACD 死叉，這些或會顯示即將進入調整期。如有調整，支撐位在 $0.0185。
MANTRA (OM)
Price Change (7D): -89.95%
Current Price: $0.6396
News
OM experienced a catastrophic crash of over 90%, plunging from above $6.30 to under $0.50 due to forced liquidations during low-liquidity hours. The sell-off was traced to legacy ERC-20 tokens, not team allocations, which remain locked on the MANTRA Chain mainnet. In response, the MANTRA team launched a multi-step recovery plan including token buybacks, burns (300M OM burned), and a transparency dashboard. While regulatory approval in Dubai and RWA partnerships remain bullish long-term indicators, investor sentiment is shaken. [OM] 遭遇嚴重崩盤，由 $6.30 以上暴跌逾 90% 至 $0.50 以下，主因於流動性低時段被強制平倉。追查後發現是由 [舊版 ERC-20 代幣] 引起，而非團隊配置，後者仍鎖定於 MANTRA 鏈主網。作為回應，團隊啟動多步復甦計劃，包括 [回購計劃]、燒毀（[已銷毀 3 億 OM]）及透明度儀表板。雖然在杜拜 [獲監管批文] 及 RWA 合作長遠利好，但投資者信心仍受重創。
Forecast
OM is in a fragile recovery zone, trading around $0.63 with RSI near 35, signaling oversold territory. If it holds above $0.60, a technical rebound toward $0.75 is possible, but broader structure remains bearish. A bear pennant pattern is forming, and failure to break above $0.70 with conviction could result in a drop to $0.55 or lower. Until confidence returns through execution of its roadmap, traders should expect continued volatility and sharp intraday moves. OM 正處於弱勢反彈階段，現價約 $0.63，RSI 約為 35，顯示嚴重超賣。若能企穩於 $0.60 上方，或有技術性反彈至 $0.75，但整體結構仍偏弱。現正形成熊旗型態，如未能有力突破 $0.70，或會下探 $0.55 甚至更低。除非團隊按路線圖重拾市場信心，否則波動和急速短線波幅仍屬常態。
Closing Thoughts
This week’s crypto market painted a stark contrast between meme-fueled hype and protocol-driven utility. Governance and infrastructure tokens like AERGO, SPA, and T saw renewed investor trust, largely due to active ecosystem upgrades, staking metrics, and structured reforms. These coins drew in more community and institutional participation, especially as traders moved away from volatile meme sectors after AIDOGE's selloff and OM’s crash exposed liquidity gaps.
While sectors tied to real-world assets and DeFi infrastructure (like Raydium and MANTRA) saw heavy activity, it was the hybrid blockchain and tokenomic reform stories that stole attention. Coins backed by strong narratives—be it decentralization, token burns, or ecosystem expansion—continued to outperform. As we move forward, market sentiment appears to be shifting toward sustainable growth plays over speculative pumps, setting the stage for a more utility-driven bull cycle. 本週加密貨幣市場呈現「炒作狂潮」與「協議實用」之間強烈對比。AERGO、SPA 和 T 等治理及基建型代幣，因生態系統升級、質押數據及結構改革，重新獲得投資者信任。隨著 AIDOGE 下跌及 OM 崩盤揭示流動性缺口，投資者轉投這類具基礎的區塊鏈代幣，帶動社區及機構參與度提升。
雖然與現實資產及 DeFi 基建相關（如 Raydium、MANTRA）的賽道交投旺盛，但真正吸睛的是混合式區塊鏈及代幣經濟體制改革的項目。以去中心化、燒毀機制或生態擴展為主題的代幣持續有更好表現。展望未來，市場情緒明顯由投機炒作轉向追求可持續發展，或將開啟一個聚焦實用的新一輪升勢。