Key Takeaways
Which crypto tokens were the highest gainers this week?
Zcash [ZEC], SPX6900 [SPX], DeXE [DEXE] led the week in gains.
Which crypto tokens lost the most this week?
MYX Finance [MYX], DoubleZero [2Z], MemeCore [M] saw significant declines.
This week, the crypto market kicked off with classic “Uptober” energy.
Bitcoin dominance [BTC.D] ripped past a six-week high, confirming this rally’s being driven by Bitcoin [BTC].
Consequently, BTC smashed into a new all-time high, while altcoins are still lagging under key resistance levels.
Basically, the market’s gone full risk-on, with record ETF inflows pouring in. Still, a handful of mid-caps stole the spotlight with outsized gains.
Weekly winners
Zcash [ZEC] — Privacy token posted a triple digit jump
Zcash [ZEC] topped the gainers’ chart this week with a staggering 140%+ rally, fueled in part by external endorsements, bringing ZEC back into the spotlight after chopping sideways since December’s $60 peak.
The rally kicked off Q4 with a 17% gain, breaking the $60 level, and was followed by a 98% surge mid-to-late week. Notably, 62% of the weekly gains came on the 1st of October, right after the hype hit.
Structurally, the setup looks mixed. The early breakout was clean and backed by solid momentum, but the mid-week vertical move screams overextension. Thus, bulls’ resilience faces a test next week.
Source: TradingView (ZEC/USDT)
Technically, RSI is peaking in the green, highlighting strong FOMO-driven buying. However, now it looks like the conviction is fading. The 5.96% intraday dip to $147 shows weak hands are being shaken out.
If bulls don’t step up, ZEC could pull back to $120–$130, where it chopped mid-week. Break past $180, though, and we’re back in 2021–22 FOMO territory, making this week key for directional bias.
SPX6900 [SPX] — Memecoin broke out off support
SPX6900 [SPX] emerged as the second-biggest gainer this week, rallying 57% to $1.50. This surge pushed SPX back to early August levels, effectively recovering 100% of its September losses.
The move gives SPX fresh momentum heading into Q4.
On the weekly chart, RSI is still well below the 70+ peak from earlier market tops, suggesting there’s room to run. On the daily chart, however, it may be topping out — RSI has breached 60, though MACD remains bullish.
With the broader market in a risk-on mode, the memecoin sector is back in the green. SPX’s breakout off $1 support sets it up nicely for a $2 retest, making it an attractive entry point for traders.
DeXE [DEXE] — DeFi token saw its bulls regain control
DeXE [DEXE] grabbed the third spot on the weekly gainer’s chart with a 28% run. The rally started with two days of sideways chop and a modest 1% lift, but Q4 kicked off with an 18.45% surge to $11.30.
The next day saw another 18.45% push, taking DEXE to $13, its highest since June, effectively making up for Q2–Q3 losses.
Notably, about half of the weekly gains came mid-week, hinting at a potential hype-driven spike.
Structurally, bulls are showing strength. A base was formed last week at $9, followed by a potential higher low at $10. This setup suggests a breakout past $15 is likely if momentum holds.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
GeorgePlaysClashRoyale (CLASH) led the charge with a 752% surge, followed by DeAgentAI (AIA), which jumped 733%, and MetaDAO (META), rallying 338% to round out the leaderboard.
Weekly losers
MYX Finance [MYX] — DeFi platform lost 90% of its September gains
MYX Finance [MYX] topped the weekly losers chart, plunging 67% from its $16 open.
The drop was triggered by a steep decline in Funding Rates to -0.0033%, signaling that short positions were dominating the market.
From a technical standpoint, the negative FR indicated excessive leverage on the long side, causing forced liquidations and a cascade of weak-hand sell-offs. The result? MYX broke below the $8 support level.
As a result, MYX has effectively erased all September gains that had fueled three consecutive rallies, each failing to breach the $20 resistance level. In this context, a 60% pullback may be considered a “healthy” reset.
Source: TradingView (MYX/USDT)
Technically, the recent price action has effectively cleared out weak hands, triggering a classic deleveraging event. The forced liquidations and sell-offs have normalized Funding Rates, resulting in a textbook leverage flush.
If buying pressure on the bid side persists, this setup could present a solid “dip-buy” opportunity. That said, monitoring MYX’s derivatives activity will be a critical metric for identifying potential signs of a bullish rebound.
DoubleZero [2Z] — Decentralized project saw a rollercoaster week
DoubleZero [2Z] ranked second among the weekly losers, declining 27% from its $0.67 open. The altcoin faced significant volatility this week, driven by heightened social-media attention and speculative trading activity.
The sell-off was primarily triggered by allegations of insider trading, which spread rapidly across platforms, particularly X (formerly Twitter), resulting in a 13% intraday drop on the 2nd of October.
Despite public clarifications from the project’s founder, traders maintained short positions, amplifying downward pressure, suggesting that 2Z is at elevated risk of downward swings until social sentiment stabilizes.
MemeCore [M] — Meme-themed crypto tested key support
MemeCore [M] ranked third among the weekly losers, declining 17% from its $2.50 open. This weekly red candle is the first in M’ four-month bullish run, indicating that HODLers may be realizing profits.
The week began with a 27% intraday drop, breaching the $2.30 support level for the first time, highlighting the largest single-day decline in M’s trading history. This retracement pushed M back to late-August levels.
In other words, M erased its September gains after testing a $3 ATH.
On the bullish side, bids had previously kicked off a 43% rally on the 30th of September. Although much of those gains have been retraced, M is chopping around the $2 support, making this a critical level to monitor.
Other notable losers
In the broader market, downside volatility hit hard.
Mira (MIRA) led the losers with a 58% drop, followed by MonBase Coin (MBC), down 56%, and Plasma (XPL), which slipped 45% 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.
