The past week in the crypto market delivered a turbulent ride, marked by significant liquidations and a decisive wiping out of previous gains. Despite the overall "bloodbath" that saw over $1 billion in single-day liquidations primarily impacting altcoins, a select few tokens defied the downtrend, while others faced substantial losses. This period highlighted the inherent volatility of digital assets, with mid-cap coins particularly influencing weekly performance.
Top Performers in a Volatile Market
Among the week's leading gainers, MYX Finance [MYX] took the top spot, demonstrating a 30% rebound from its weekly lows. After a previous dip, MYX showed solid bid-side support, recovering approximately 50% of its losses, though it faces challenges in flipping key resistance levels. Zcash [ZEC] secured the second position with a 13% rally. This privacy token exhibited a steady grind, breaking through a significant resistance level at $54 for the first time in four months, positioning it to potentially target the $60 mark. Rounding out the top three was Aster [ASTER], an emerging project that experienced extreme volatility. While it surged to a new all-time high of $2.4, it subsequently saw a 26% pullback, illustrating a classic hype-cycle unwind, with its future trajectory dependent on maintaining key support levels.
Significant Weekly Declines
On the other side of the spectrum, several tokens faced considerable headwinds. Pump.fun [PUMP] led the weekly losers with a 20% drop, reinforcing a bearish market structure. Despite a brief bounce, momentum quickly fizzled, pushing PUMP back to its mid-September range amid weak accumulation volume. Story [IP], an NFT project, was the second-biggest decliner, plunging over 15% with its largest red candle to date. This pullback, however, follows a strong rally, suggesting it might be a healthy market reset rather than a trend reversal, with consolidation around $8 hinting at a possible bear trap. Lastly, Pi [PI] suffered a 15%+ drop, underscoring continued bear control. After weeks of sideways trading, selling pressure intensified, driving PI to an all-time low of $0.26 and confirming an ongoing downtrend, despite its deeply oversold RSI.
