Crypto market’s weekly winners and losers – M, ZEC, STORY, JUP
This week's crypto market tested investor resolve. While Bitcoin showed decent movement and Ethereum hinted at an altcoin season, several altcoins recorded significant double-digit price changes.
Leading the weekly winners, MemeCore [M] surged 42%, marking its first green weekly candle after three consecutive declines. Despite the strong rebound, it faces a key resistance zone between $1.90–$2.00. Merlin Chain [MERL] followed with a 33% gain, breaking out of an eight-week consolidation phase, though it must overcome the $0.50 resistance level to sustain momentum. Zcash [ZEC] also appeared among the top gainers but continues to search for a market bottom.
On the losing side, Story [IP] led declines with a 10% drop, extending its bearish trend to seven consecutive red weekly candles. Jupiter [JUP] fell 9.17%, struggling to hold support and risking a break below $0.20. The Graph [GRT] declined 9% as well, with bears repeatedly rejecting buyer attempts to establish a base. Other notable losers included Legacy Token (down 66%), OKZOO (down 64%), and Pieverse (down 52%).
The week highlighted continued volatility, with sharp pumps and dips across the board. Traders are advised to stay cautious, conduct their own research, and manage risk accordingly.
ambcrypto12/14 19:01