Author：Encryption Jianghu
This week, the crypto market was choppy.
Bitcoin [BTC] briefly fell below key levels before recovering slightly, and Ethereum [ETH] showed similar ups-and-downs. The overall crypto market dropped as investors moved away from risk.
Amid this volatility, a few utility chains diverged, rallying by double digits.
Weekly winners
MYX Finance [MYX] — Reinforced a bullish structure
MYX Finance [MYX] is leading the market this week with a 17% move up to $3.04, marking its fifth straight green weekly candle. Notably, it’s a clear standout compared to other gainers.
With the broader market in the red, MYX’s strength could look like short-term rotation. But after a 50% climb in just over a month, it’s clear the momentum is more self-driven than a brief flow shift.
Backing this setup, MYX has now posted three higher highs on its weekly chart, broken through key resistance levels, and confirmed a bullish market structure.
In short, a clean push above $3 is very much on the table.
Source: TradingView (MYX/USDT)
This resilience lines up with MYX’s strong weekly performance.
As AMBCrypto pointed out, the 17% move has been leverage-heavy, with Open Interest (OI) jumping noticeably. Even so, the chart still shows firm bullish momentum, hinting that buyers are positioning for continuation.
Bitcoin Cash [BCH] — Bitcoin fork rallied up toward a key resistance level
Bitcoin Cash [BCH] came in as the second-strongest mover, posting an 8% jump to $580. Like MYX, BCH has been in a steady weekly uptrend, printing three back-to-back green candles.
But a breakout isn’t locked in yet. On the chart, BCH is parked right under a major resistance zone. It is the same level it failed to clear in early October before sliding 16% down to $480. So this area is still the key barrier.
Technically, the RSI still hasn’t hit overbought, which leaves room for momentum to extend. If the bulls manage to defend the $560–$580 range next week, a push through $600 looks like the next logical move.
Chainlink [LINK] — Oracle network showed early signs of forming a bottom
Chainlink [LINK] takes the third spot this week with a 6.84% climb to $13.8. Unlike MYX and BCH, LINK’s move looks a lot more critical, mainly because price is sitting right at a key inflection zone.
This 6% push is now LINK’s second straight weekly bounce after its mid-Q3 breakdown, meaning the rally is forming right after a heavy wave of selling. If momentum holds, this could be the start of a V-shaped recovery.
Adding to that, AMBCrypto flagged a $22 million whale buy.
With selling pressure looking mostly exhausted, LINK might be setting up for a clean vertical expansion, making it one of the stronger buy-the-dip candidates on the chart right now.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
GaiAi (GAIX) led the charge with a massive 287% jump, followed by Terra Luna Classic (LUNC) climbing 187%, and TerraClassicUSD (USTC) rounding out the leaderboard with a strong 98% gain.
Weekly losers
Canton [CC] — Smart-contract landed among the top decliners
Canton [CC] has taken the lead as this week’s biggest loser, falling 25%. But when you zoom out, it becomes obvious that this isn’t just a weekly pullback. Instead, CC has been trending bearish for a while.
On the weekly chart, CC has now logged three consecutive lower lows, which firmly confirms a downside structure. Even the late-November relief bounce was quickly faded, showing that the bulls still aren’t willing to defend.
Adding to that, AMBCrypto’s data points to weak technical backing behind this week’s decline, reinforcing the idea that CC’s current price action is being driven more by seller strength than any meaningful buyer interest.
Source: TradingView (CC/USDT)
To make things worse, this breakdown comes alongside elevated derivatives, hinting that traders are leaning into speculation rather than positioning for a reversal. That’s a sign of bearish continuation.
Put simply, with spot demand missing and derivatives skewed bearish, CC’s structure stays vulnerable. Unless the bulls show up with actual volume, Canton looks primed for another leg down.
Zcash [ZEC] — Privacy coin saw a sharp pullback after earlier gains
Zcash [ZEC] is this week’s second-biggest loser, down 19% from its $427 opening. The weekly chart shows bears firmly in control, with the privacy coin now searching for a bottom.
After three straight red weekly candles, each losing more than 15%, ZEC is clearly seeing heavy exit liquidity following its massive 1,120% rally from the 29th of September to the 10th of October—one of the sharpest comebacks of the year.
Right now, HODLers appear to be cashing out as market FUD threatens profits. That said, with growing use cases for privacy coins, this pullback looks more like a normal cooldown than a full-blown capitulation.
Morpho [MORPHO] — DeFi lending-protocol token slipped slightly this week
Morpho [MORPHO] is this week’s third-biggest loser, down 15% from its $1.40 open. Similar to ZEC, it hasn’t completely broken past key support levels yet, but signs of capitulation are starting to appear.
This decline comes after three red weekly candles, following a three-month consolidation phase during which bulls repeatedly failed to spark a meaningful breakout. This means sellers are gaining the upper hand.
Looking at the chart, MORPHO’s bid-side support is thin, putting the $1 psychological level in the spotlight. If buying interest doesn’t pick up at this zone, the altcoin could see a deeper pullback toward $0.80.
Other notable losers
In the broader market, downside volatility hit hard.
TOMI (TOMI) led the losers with a steep 66% drop, followed by Legacy Token (LGTC) falling 64%, and Humanity (H) slipping 52% 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.
Final Thoughts
- MYX Finance [MYX], Bitcoin Cash [BCH], Chainlink [LINK] led the week in gains.
- Canton [CC], Zcash [ZEC], Morpho [MORPHO] saw significant declines.
