Bitcoin (BTC) and Ethereum (ETH) didn’t have much to brag about this week, dropping 3.5% and 5%. The market mood seems much less confident.
But while they were stumbling, the rest of the market was doing its usual mix of panic, surprise, and stealing the spotlight. So, who actually survived the week…and who didn’t?
Grab a coffee and sit down. Here’s a look at some market developments from the past week.
Weekly Winners
Stable (STABLE) moves with the rhythm
Stable (STABLE) saw a significant weekly gain of 25%, rising from around $0.023 to $0.029 after a mid-week breakout. The rally was supported by rising volume and a change in buyer activity.
Source: TradingView
The RSI showed healthy demand with no overbought conditions, while the MACD remained in bullish territory.
The price was consolidating near $0.029 at the time of writing, with immediate support around $0.026 and resistance near the $0.033 level.
Morpho (MORPHO) Buyers Take Back Control
Morpho (MORPHO) saw a 23% gain over the past week, rising from $1.33 to near $1.66 before settling at near $1.63. After a brief pullback, the bulls returned, pushing prices to weekly highs once again.
RSI showed strong demand and approached overbought territory. Meanwhile, the CMF was positive at 0.06: capital was flowing into the asset.
Source:
Beyond price action, Morpho also ranks among the top liquid staking projects in terms of developer activity over the past 30 days. This interest from manufacturers could contribute to investor confidence.
Decred (DCR) makes a decent bounce
Decred (DCR) gained about 10% over the past week, rising from $24.7 to $26.9 after recovering from a brief decline near $22.
There was a clear rebound in the second half of the week; this recovery helped DCR regain lost ground and return to its recent trading range.
The RSI has risen to around 58, so there could be room for upside if the buying continues. Meanwhile, OBV reported that purchases were stabilizing after a period of decline.
If demand continues, Decred could attempt to stabilize above $26.
Other notable winners
Smaller-cap tokens like Injective (INJ) and Trump-backed World Liberty Financial (WLFI) both saw solid gains of 10%. Meanwhile, Memecore (M) climbed 4%, extending its trend.
Weekly losers
Dogecoin (DOGE) Slips as Engine Crashes
Dogecoin (DOGE) had a rough week, falling around 12.5% and trading near the $0.097 level at press time. The price repeatedly failed to sustain short-term rallies with the candles remaining below the middle Bollinger band.
Sellers have the upper hand.
Source: TradingView
The RSI was below the neutral 50 mark, while the CMF plunged into negative territory. Traders are cautious despite occasional flashes of green.
Source:
Network activity adds more context. DOGE saw around 26,000 daily transactions among major proof-of-work coins (far behind Bitcoin and Litecoin (LTC)). Usage demand is currently relatively modest.
Pippin (PIPPIN) calms down after last week’s explosive rally
After leading the market with a massive 280% rise last week, Pippin (PIPPIN) has now pulled back, falling almost 10% over the past few days. There was a classic recovery period after the rally, with prices climbing towards the $0.70 area before sellers stepped in.
Despite this decline, the structure as a whole still appears solid. The RSI remained above 60 at press time, so the momentum has not completely faded and buyers were still present.
Meanwhile, OBV fell during the pullback but began to stabilize.
ZCash (ZEC) slows down
Zcash (ZEC) also had a rough week, falling more than 20% after failing to maintain its mid-month rally. The price rose above the $320 area before sellers quickly took control, sending the token back towards the $250 level.
The token has been falling steadily, with constant selling pressure. The RSI indicated a weak pace and a lack of buying interest during the decline.
Unless demand returns soon, ZEC could continue to consolidate near current levels.
Other notable losers
Shiba Inu (SHIB) fell 10%, while Pepe (PEPE) fell 17%. Meanwhile, Internet Computer (ICP) also fell 14%, giving back its gains.
Conclusion
As always, prices went down, prices went up, and Twitter probably overreacted to both. Remember that short-term moves rarely tell the full story and patience always does most of the work.
DYOR, manage your risk and maybe don’t panic by selling at exactly the lowest. Easier said than done, of course.
Same time next week!
Final Summary
- Despite a 3-5% decline in Bitcoin and Ethereum, some altcoins showed strong momentum.
- The weekly losses in DOGE and ZEC showed how quickly sentiment can swing.
