Key control
What cryptographic tokens were the highest winners this week?
ZCash [ZEC]SPX6900 [SPX]Dexe [DEXE] He led the week in profits.
What cryptographic tokens lost more this week?
Myx Finance [MYX]Folder [2Z]Memecore [M] He saw significant decreases.
This week, the encryption market began with the classic energy “uptober”.
Bitcoin domain [BTC.D] It went beyond a maximum of six weeks, confirming that this rally is being driven by Bitcoin [BTC].
Consequently, BTC crashed into a new historical maximum, while Altcoins still is left under key resistance levels.
Basically, the market has become complete risk, with record tickets of ETF. Even so, a handful of middle layers stole the focus with outstanding profits.
Weekly winners
ZCash [ZEC] – Token of privacy published a triple digit jump
ZCash [ZEC] He exceeded the gainers list this week with an amazing rally of more than 140%, fed partly by external endorsements, bringing ZEC to the attention center after cutting sideways from the peak of December $ 60.
The rally started the fourth quarter with a gain of 17%, breaking the level of $ 60, and was followed by a week of median in order to increase 98%. In particular, 62% of weekly profits arrived on October 1, just after exaggeration.
Structurally, the configuration looks mixed. The early rupture was clean and backed by a solid impulse, but the vertical movement mid -week shouts overextension. Therefore, the resilience of the Bulls faces a test next week.
Source: TrainingView (ZEC/USDT)
Technically, RSI is reaching its maximum point in green, highlighting a strong purchase driven by Fomo. However, it seems that conviction is fading. The intradication of 5.96% to $ 147 shows that weak hands are being shaken.
If the bulls do not intensify, ZEC could go back to $ 120- $ 130, where it was cut in the middle of the week. However, it exceeds $ 180, and we will return in the FOMO 2021–22 territory, making this week key for directional bias.
SPX6900 [SPX] – Memecoin exploded out of support
SPX6900 [SPX] It emerged as the second largest winner this week, gathering 57% at $ 1.50. This increase returned to SPX at the levels of early August, effectively recovering 100% of its September losses.
The movement gives SPX a fresh impulse that goes to the Q4.
In the weekly table, RSI is still well below the peak of more than 70 years of the previous tops, suggesting that there is room to run. However, in the daily table, it may be overcoming: RSI has violated 60, although MacD is still optimistic.
With the widest market in a mode of risk, the Memecoin sector is back in the Green. The SPX $ 1 support prepares it well for a new $ 2 test, so it is an attractive entry point for merchants.
Dexe [DEXE] – Token defined his bulls to recover control
Dexe [DEXE] He grabbed third place in the weekly winner table with a 28%race. The rally began with two days of lateral cut and a modest elevator of 1%, but the fourth quarter began with a 18.45% increase to $ 11.30.
The next day, he saw another thrust of 18.45%, leading Dexe to $ 13, the highest since June, which effectively compensated the losses Q2 -q3.
In particular, approximately half of the weekly profits arrived in mid -week, insinuating a possible potential peak driven by exaggeration.
Structurally, bulls show strength. Last week a base for $ 9 was formed, followed by a higher potential at $ 10. This configuration suggests that a break of $ 15 is its impulse.
Other notable winners
Outside the elderly, Altcoin Rockets stole the center of attention this week.
GeorgeplaySclashroyale (shock) led the burden with an increase of 752%, followed by DeGentantai (AIA), which jumped 733%, and Metadao (target), gathering 338%to complete the classification.
Weekly losers
Myx Finance [MYX] – The Defi platform lost 90% of its September profits
Myx Finance [MYX] Exceeded the list of weekly losers, immersing 67% of its $ 16 open.
The fall was activated by a strong decrease in financing rates at -0.0033%, indicating that short positions dominated the market.
From a technical point of view, the negative FD indicated excessive leverage on the long side, causing forced liquidations and a waterfall of weak hand liquidations. The result? Myx broke below the support level of $ 8.
As a result, MyX has effectively erased all September profits that had fed three consecutive manifestations, each of them not violate the resistance level of $ 20. In this context, a 60% setback can be considered a “healthy” restart.
Source: TrainingView (MYX/USDT)
Technically, the recent price action has effectively eliminated weak hands, triggering a classic disappointment event. Forced liquidations and liquidations have standardized financing rates, resulting in an leverage discharge of textbooks.
If the purchase pressure on the supply side persists, this configuration could present a solid opportunity for “immersion purchase.” That said, monitoring the activity of myx derivatives will be a critical metric to identify the possible signs of an upward rebound.
Folder [2Z] – The decentralized project saw a week of roller coaster
Folder [2Z] It took second place among weekly losers, decreasing 27% of its $ 0.67 open. The Altcoin faced significant volatility this week, driven by the greatest attention of social networks and speculative commercial activity.
The mass sale was mainly triggered by accusations of exchanging privileged information, which quickly spread through platforms, particularly X (previously Twitter), which resulted in an intradication of 13% on October 2.
Despite the public clarifications of the founder of the project, the merchants maintained short positions, amplifying the descending pressure, which suggests that 2Z has a high risk of descending swings until the social feeling stabilizes.
Memecore [M] -A key support with proven crypto with meme theme
Memecore [M] It took third place among weekly losers, decreasing 17% of its $ 2.50 open. This weekly red candle is the first in the four -month -old race race, indicating that Hodlers can be obtaining profits.
The week began with an intra -dialing of 27%, violating the support level of $ 2.30 for the first time, highlighting the largest decrease in a single day in the commercial history of M. This setback pushed M back to the levels of the end of August.
In other words, his September profits was erased after trying a $ 3 ATH.
On the upward side, IDS had previously initiated a 43% demonstration on September 30. Although much of these profits have become in relation, M is cutting the support of $ 2, which makes this a critical level to monitor.
Other notable losers
In the widest market, volatility down hit strongly.
Look (Mira) led the losers with a 58% drop, followed by the Monbase (MBC) currency, 56% lower and Plasma (XPL), which fell 45% as the moment cooled sharply.
Conclusion
This week was a roller coaster. Large pumps, sharp sauces and action without stopping. As always, keep sharp, do your own research and merchant intelligently.