Key Takeaways
Which crypto tokens were the highest gainers this week?
MYX Finance [MYX], Zcash [ZEC], and Aster [ASTER] led the week in gains.
Which crypto tokens lost the most this week?
Pump.fun [PUMP], Story [IP], and Pi [PI] saw significant declines.
This week in the crypto market was a bloodbath.
Over $1 billion in single-day liquidations rattled the market, with altcoins leading the drop and Bitcoin [BTC] following close behind. This, in turn, wiped out all of September’s gains.
In the aftermath, mid-cap coins stepped up, leading the week’s gains.
Weekly winners
MYX Finance [MYX] — DeFi project recovered about 50% of its weekly losses
MYX Finance [MYX] led this week’s gains with a 30% pop off $9.8. Last week, it dipped 11.2% after hitting a local top at $18, but the rebound shows there’s still solid bid-side support.
On the daily chart, things look a bit shaky. Since mid-September’s $19 high, MYX has made two lower highs and two higher lows, putting $15 support at risk of turning into resistance.
That said, the RSI isn’t even close to overbought, which could be a bullish sign, showing the market isn’t overextended and could attract bulls to test higher levels. But if they don’t, a deeper pullback is possible.
Source: TradingView (MYX/USDT)
MYX has struggled to flip key levels into support. $10 first, then $8. If this pattern keeps playing out, it could eat further into September’s gains, signaling bulls aren’t showing up as expected.
Zcash [ZEC] — Privacy token broke a key resistance level
Zcash [ZEC] posted a 13% rally this week, coming in as the second-top performer after MYX. While it’s a smaller token, its measured, steady grind created a bullish divergence, signaling strength despite a slower pace.
On the weekly chart, ZEC has posted four straight green weeklies, making September its best month since November with a 44% ROI. The altcoin is on track to close the month above a key resistance zone.
After breaking the $54 ceiling for the first time in four months with a 12% move, the RSI remains well-controlled, avoiding overbought conditions. This positions ZEC to target the $60 resistance next.
Aster [ASTER] — Emerging crypto project broke out into a new ATH
Aster [ASTER] was this week’s third-top gainer, but volatility is off the charts. The week kicked off at $1.3, spiked to a $2.4 all-time high, then gave back 26% to $1.7, showing classic chop.
On the daily, the swings are even sharper. ASTER jumped 18% early in the week, but after two weeks of solid gains, it’s already given back 60% of its weekly move, signaling a typical hype cycle unwind.
By week’s end, ASTER struggled to flip $1.80–$2.15 into support, keeping the ask side in control. The next level to watch is $1.6, which could decide if bulls step in or the pullback extends.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
APEX [APEX] led the charge with a 704% surge, followed by I Love Puppies [PUPPIES], which jumped 411%, and PunkStrategy [PNKSTR], rallying 211% to round out the leaderboard.
Weekly losers
Pump.fun [PUMP] — Meme token reinforced bearish market structure
Pump.fun [PUMP] led the losers this week, dropping 20% from $0.006, marking its second straight week of lower lows and reinforcing a bearish structure with bulls mostly sidelined.
On the daily timeframe, it kicked off with a 12% drop to $0.005, then posted a tiny 2.3% bounce (the first bullish attempt in days) but momentum fizzled. The next two sessions brought a 13% dip.
The result? The downtrend has pushed PUMP back toward its mid-September range, with bulls trying to step in, but weak volume shows there’s no strong accumulation yet.
Source: TradingView (PUMP/USDT)
However, by week’s end, PUMP settled into a consolidation zone around $0.005, hinting at sell-side exhaustion. If bulls step up here, a rebound is possible; if not, post-launch gains could be wiped out.
Story [IP] — NFT project plunged this week with its biggest red candle
Story [IP] was the second-biggest loser this week, dropping 15%+ and printing its largest red candle yet, with the RSI down 25 points, signaling heavy sell-side pressure.
Unlike PUMP, this pullback comes after a strong H2 rally that peaked at $15 in mid-September. With three straight months of green ROI, the dip looks more like a healthy reset than a trend flip.
In fact, by week’s end, IP is consolidating around $8, hinting at a possible bear trap. If bulls step in, we could see a squeeze back toward $14, making it a solid entry for the next leg up.
Pi [PI] — Network’s native token broke below key support level
Pi [PI] struggled this week, emerging as the third-biggest loser with a 15%+ drop, underscoring that the bears remain firmly in control.
After six weeks of sideways chop around $0.30, the selling finally intensified, pushing PI to an all-time low of $0.26, confirming the downtrend is still intact, with sellers dictating price action.
The RSI is deep in oversold territory, which could trigger a short-term bounce, but weak bid support and thin volume make it a risky trade. Unless buyers step in aggressively, PI looks set to extend its weekly losses.
Other notable losers
In the broader market, downside volatility hit hard.
Syndicate [SYND] led the losers with a 58% drop, followed by Fasttoken [FTN], down 54%, and OpenLedger [OPEN], which slipped 50% 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.