Crypto Chaos: TAO Soars, FET Falls, and MemeCore Meets Misery! 🚀📉

Key Takeaways

Which crypto tokens were the highest gainers this week?

Bittensor [TAO], Ethena [ENA], Morpho [MORPHO] led the week in gains 🎉. A tale of triumph, though not without its trials.

Which crypto tokens lost the most this week?

Artificial Superintelligence Alliance [FET], Zcash [ZEC], Memecore [M] saw significant declines 😭. A tragedy of epic proportions.

Crypto markets struggled to defend key support this week. 🧘‍♂️

Bitcoin [BTC] slipped below the crucial $110k level, dropping around 6

The move dragged the broader market lower, with most altcoins retracing to price levels last seen in early August. 🗓️

However, in contrast to the previous crash, capital didn’t exit the market entirely. Instead, it rotated into high-utility tokens, which emerged as this week’s standout performers. 🦸‍♀️

Weekly winners

Bittensor [TAO] – Peer-to-peer network diverged from the broader market

Bittensor [TAO] topped this week’s gainers chart with a 30

The week started strong, with TAO spiking 17

This move coincided with the RSI reaching a five-month high, signaling “overbought” conditions following TAO’s 21

That said, TAO bulls were quick to stop momentum from flipping into fear. 🛡️

Spot investors jumped in, accumulating around $14 million, which caused a noticeable spike in outflows and reinforced a solid bid support level. The altcoin climbed more than 10

Given this setup, TAO looks poised to repeat a similar bullish move, with eyes on the $480 ceiling. With a solid bid wall in place, a break past that level is looking increasingly plausible. 🚀

Ethena [ENA] – Utility blockchain tested its bullish bias

Ethena [ENA] is closing in on TAO with a 27

Supporting this move, ENA’s founder accumulated 48 million coins (worth around $20 million) over the past three days, coinciding with its rebound off the $0.40 base. Derivatives also reflect a bullish bias in the market. 📊

Given this context, the market is eyeing a potential $1 breakout in the short term, following a successful push above $0.50 (a level ENA hasn’t crossed since Q3) making it a key inflection point for next week’s rally. 🌟

Morpho [MORPHO] – DeFi token exhibited a weak follow-through

Morpho [MORPHO] came in third with a relatively modest 10

However, the follow-through didn’t materialize. MORPHO saw three consecutive days of red candles, dropping nearly 10

However, by the end of the week, the panic eased. MORPHO rebounded and retested the $2 zone, reinforcing bid support. Still, unless a clear breakout occurs, its short-term directional bias remains uncertain. 🤷‍♂️

Other notable winners

Outside the majors, altcoin rockets stole the spotlight this week. 🚀

BNB Attestation Service (BAS) led the charge with a 362

Weekly losers

Artificial Superintelligence Alliance [FET] – AI blockchain broke down to a multi-year low

Artificial Superintelligence Alliance [FET] emerged as this week’s biggest loser, losing 30

This week’s red candle adds to four consecutive weeks of weekly losses, putting October’s rally in jeopardy. FET carved out two lower lows, with the latest breaking the $0.50 support level. 🛑

The first occurred when it fell below $0.60 during the mid-September run. Together, these movements paint a bearish technical picture, with bid support absent despite the RSI sitting deep in oversold territory. 🧙‍♂️

In this context, expecting a solid floor at $0.20 would still be premature. 🧱

FET’s fate now clearly hinges on this support level. The timing couldn’t be worse. The ongoing U.S.-China trade tensions keep risk-off sentiment in the AI sector sky-high, making a rebound for FET highly unlikely. 🌩️

Zcash [ZEC] – Privacy token showed reset rather than capitulation

Zcash [ZEC] emerged as this week’s second-biggest loser with a 20

The pullback follows two weeks of strong inflows that had pushed ZEC to a four-year high of $300, marking a 210

Technically, the weekly RSI looks overextended. Still, ZEC clawed back nearly 20

MemeCore [M] – Meme-based token retraced to early September levels

MemeCore [M] came in third among this week’s biggest losers, with a relatively modest 8

The week started with a small 0.69

For context, this is the second support break in under a month, indicating that M may face further downside unless it can reclaim the $2 level, which would be key to stabilizing the short-term trend. 🛑

Other notable losers

In the broader market, downside volatility hit hard. 💥

DORA (DORA) led the losers with a 67

Conclusion

This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart. 🧠💸

2025-10-19 22:32