Market this week: Top gainers and losers – MYX, PI, DASH, STRK

Bitcoin (BTC) plunged to the 80,000 USD region, wiping out hundreds of billions of dollars in crypto market capitalization as investors worry the pace of interest rate cuts may slow. From micro to macro perspectives, the overall picture remains bleak, showing clear bearish market sentiment.

Nevertheless, a few standout coins have emerged amid the gloom. Although risk aversion has capped gains in the double-digit range, these assets still demonstrate notable resilience — indicating certain market segments are performing better than the rest.

Top Gaining Coins of the Week

MYX Finance (MYX) — DeFi protocol breaks away from the market’s downtrend

MYX Finance (MYX) became a rare bright spot this week, leading with a 15% gain. This is especially notable against a sluggish market backdrop, and on-chain data shows this isn’t just a fleeting spike.

The trading week opened right at a key resistance zone. After climbing 17% the previous week and closing at 2.6 USD, MYX retraced 5%, leaving room for bears to test the waters. However, just a day later, the coin bounced 13%, quickly regaining upward momentum and handing control back to the bulls.

Previously, MYX plunged 17% to 2.5 USD on November 21, but rebounded 8% by week’s end. Although the bulls haven’t completely erased the pullback, the daily chart’s uptrend structure remains intact.

This month alone, bulls have fended off six bearish attacks. The price chart shows that each red candle is consistently followed by three to four green candles, reflecting clear buying dominance. With the 2.5 USD mark likely having flipped from resistance to support, MYX is expected to maintain a solid bullish stance.

Pi (PI) — Mobile-first coin approaches key resistance zone

Pi Network (PI) is the week’s second-best performer, up 6% — a more modest figure than MYX but supported by a series of positive regulatory signals.

Notably, Pi is preparing to operate under the EU’s MiCA regulatory framework, paving the way for listings and trading on platforms like OKX Europe. This marks a foundational step that could fuel the project’s long-term expansion and growth.

However, Pi’s technicals remain questionable. After an 8% early-week bounce to 0.26 USD, the price quickly retreated to 0.23 USD by the week’s end, once again failing to break key resistance. While the rally shows recovery potential, it also underscores that bulls have yet to seize decisive control of the market.

Bitcoin Cash (BCH) — Payment chain maintains bullish advantage

Bitcoin Cash (BCH) surged 13% this week, officially ending a three-week losing streak. The strong rebound pushed RSI up 20 points to 60, despite the lack of clear FOMO signals in the market.

After an enthusiastic start, BCH pared its gains to 9% midweek. However, a rapid 15% spike over the next two days brought the price back to the late October region around 550 USD — a key level it hasn’t held since the last drop.

Currently, BCH is down 1.66% on the day, indicating bears haven’t given up and profit-taking is underway. If bulls can defend the 550 USD region, the market could see a short squeeze, making next week pivotal for BCH.

Other Top Gainers

Beyond the major coins, small-cap altcoins made impressive moves this week:

• BabyBoomToken (BBT) led with a massive 370% gain
• Tensor (TNSR) rose 133%
• Audiera (BEAT) climbed 124%

Top Losing Coins of the Week

Dash (DASH) — Payment-focused crypto drops double digits

Dash (DASH) led the losers with a 28% plunge, erasing more than 75% of its gains after breaking the 70 USD resistance. Weekly RSI indicates the market is extremely oversold.

According to Coin Photon, the drop mainly stems from excessive activity in derivatives markets, while spot demand remains stable. In other words, futures traders are just closing positions and reducing leverage, not fleeing DASH.

On the chart, DASH is testing support around 60 USD — the launch point for its surge to 120 USD in late October. With security tokens in the spotlight, this correction seems more like a healthy cooldown than a panic sell-off.

Given support from spot markets, deleveraging activity, and renewed investor interest, DASH has a chance to solidify 60 USD as support. If successful, next week could be a turning point shaping the coin’s short-term trend.

Starknet (STRK) — Layer-2 network stalls at resistance

Starknet (STRK) is the second-biggest loser, dropping 25% from the 0.21 USD open. The weekly chart shows weak buying power, with bulls unable to defend key support levels.

This decline followed two strong weeks totaling about 70% gains, of which nearly 20% have been wiped out. On the daily chart, no recovery signals from bulls have emerged yet.

After peaking at 0.27 USD midweek, STRK immediately gave back all gains with three consecutive red candles. If bulls can hold the 0.15 USD support, a recovery bounce may form; otherwise, the risk of a deeper correction remains.

Canton (CC) — Cross-network chain reverses all previous gains

Canton (CC) currently ranks as the third-biggest loser, down 20%, and on-chain data shows this isn’t a normal correction, making CC the most technically negative coin in the group.

The week began with a modest 1.7% bounce after the price dropped to 0.11 USD last week — seemingly an opportunity for bulls to accumulate. However, buying power failed to materialize, and CC continued to sink under selling pressure.

Five consecutive red candles appeared, reflecting a distribution phase, with bears still in control and no clear signs of bottoming. Overall, this coin remains in a prolonged and unpredictable downtrend.

Other Major Losers

Among a broader set of altcoins, negative volatility was strong:

• SOON (SOON) fell 73%
• Rekt (REKT) dropped 52%
• Saros (SAROS) lost 50%

Conclusion

The past week was truly a roller coaster — from shocking rallies to deep corrections. As always, stay alert, do your own research, and trade with caution.

SN_Nour