Key Takeaways
Which crypto tokens were the highest gainers this week?
Bittensor [TAO], Ethena [ENA], Morpho [MORPHO] led the week in gains.
Which crypto tokens lost the most this week?
Artificial Superintelligence Alliance [FET], Zcash [ZEC], Memecore [M] saw significant declines.
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.
Source: TradingView (TAO/USDT)
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.
Source: TradingView (FET/USDT)
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.
