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% to test a multi-month low near $103k. 🐢
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% run, hitting an exact five-month high 🏆. However, as AMBCrypto noted, TAO wasn’t immune to the broader leverage flush. 💸
The week started strong, with TAO spiking 17% past the $470 mark, but almost all those gains disappeared in the next two days as traders pulled about $48 million from derivatives to deleverage. 🧨
This move coincided with the RSI reaching a five-month high, signaling “overbought” conditions following TAO’s 21%+ rally from the previous week. The result? TAO erased nearly 50% of those gains. 📉
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% intraday from its $370 mid-week low. 📈
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% rally this week, bouncing back after a bearish bias in the first half of the week. A strong mid-week catalyst propelled it onto the top gainers chart. ⚡
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% rally, reflecting a volatile on-chain picture. The week began with a 0.8% gain on day one, testing the $2 resistance. 🧪
However, the follow-through didn’t materialize. MORPHO saw three consecutive days of red candles, dropping nearly 10% to $1.60 as news of a $500 million outflow sparked short-lived fear. 😱
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% surge, followed by XPIN Network (XPIN), which jumped 348%, and Bless (BLESS), rallying 173% to round out the leaderboard. 🎯
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% of its value from its $0.37 open. A quick look at the chart shows a clear bearish tilt. 🕳️
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% pullback. Unlike some of its peers, this move looks more like a healthy cooldown rather than a full-blown capitulation. 🧘♀️
The pullback follows two weeks of strong inflows that had pushed ZEC to a four-year high of $300, marking a 210%+ rally. This suggests the decline is likely due to market pressure rather than any fundamental weakness. 🧠
Technically, the weekly RSI looks overextended. Still, ZEC clawed back nearly 20% of its losses by week’s end, setting $180 as a solid demand zone and signaling a healthy reset with potential for bullish continuation. 🌅
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% drawdown. On the chart, however, the technicals point to a bearish setup, leaving the door open for a deeper correction. 🕳️
The week started with a small 0.69% gain, hinting that bulls might be stepping in around the $2 support. But four days of red candles reinforced the bearish bias, pushing M down to early September levels at $1.95. 📉
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% drop, followed by Paparazzi Token (PAPARAZZI), down 47%, and Portal to Bitcoin (PTB), which slipped 43% as momentum sharply cooled. 🧨
Conclusion
This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart. 🧠💸
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2025-10-19 22:32