Despite a bearish sentiment last week, leading cryptocurrencies such as Dogecoin (DOGE) and eCash (XEC) demonstrated notable gains, while Polygon (MATIC) lagged behind.

The global cryptocurrency market witnessed a decrease of $140 billion, falling to $2.49 trillion by Sunday, March 24th.

Let's delve into the recent developments surrounding these top cryptocurrencies.

DOGE Breaks Multi-Week Downtrend:

Dogecoin faced a bearish start to the week, experiencing a combined decline of 17.16% on March 18th and 19th, slipping from the $0.15 price level to revisit early March lows at $0.1252.

Despite initial bearishness, DOGE staged a recovery as the broader market displayed strength. The cryptocurrency surged by an impressive 18.06% on March 20th, reclaiming the $0.15 psychological price point.

Maintaining its upward momentum, DOGE reached a weekly high of $0.1597, attempting to break above the downward trend line that has hindered its ascent throughout the month.

MATIC Drops Below $1 Amid 9% Decline:

Polygon followed the broader market's trend, shedding $1.1 billion from its market cap and breaking below crucial psychological support levels.

MATIC began the week unfavorably, recording consecutive losses on March 18th and 19th, amounting to a combined loss of 14.87%. Despite briefly reclaiming the $1 mark the following day, MATIC failed to sustain its momentum, experiencing a 9.42% decline this week, trading below $1.

XEC Sees Massive 26% Intraday Gain:

eCash mirrored Bitcoin's trajectory throughout the week but saw a significant upturn on March 24th, recording its second-highest intraday gain of the year.

Facing a bearish start, XEC staged a recovery on March 20th with an 11.08% gain. Amid consolidation on March 22nd and 23rd, eCash defended the $0.00005 zone, ultimately experiencing a substantial 26.32% surge on March 23rd, reaching a two-week high of $0.00006919.

Despite a minor 2.48% drop today, eCash has largely retained its gains, trading above $0.00006 with a 15.2% increase this week.