Crypto market: Coins surge and plummet this week.

Bitcoin and Ethereum both fell sharply this week, but the crypto market remained polarized, with some altcoins experiencing significant price increases while many others plummeted.

The events of the past week show that money flows are selectively choosing opportunities rather than buying indiscriminately. Short-term support and resistance levels and indicators like RSI clearly reflect this tug-of-war: some coins recovered from Dip thanks to cheap buying, while others continued to be dominated by selling pressure.

Bitcoin and Ethereum fell by double digits, but the markets weren't moving in the same direction.

Over the past week, Bitcoin has fallen by approximately 10% and Ethereum by about 13%, while several altcoins have still recorded significant gains thanks to selective buying at lower price levels.

The simultaneous weakening of BTC and ETH often triggers defensive sentiment, but this doesn't mean all coins are falling equally. Data from the week shows that rallies mainly occur after prices hit weekly Dip , then return to a consolidation phase. This reflects short-term "confidence" and expectations determining money flow, rather than a uniform upward trend.

The coins that surged this week were mostly recovering from Dip.

The group of stocks that surged this week included M, MYX, and NIGHT, all of which bounced back from their weekly Dip , but most have yet to establish a sustainable uptrend.

Memecore (M) is up about 23% from its weekly Dip but is highly volatile.

Memecore (M) bounced from a Dip of around $1.28 to around $1.58, equivalent to an increase of about 23%, before selling pressure returned to near the $1.90 mark.

During the week, M did not follow a "smooth" trend but fluctuated widely. The rebound helped the price approach the $1.9 USD region, but was then halted as sellers increased pressure.

At the time of recording, M was trading around $1.57, and in the most recent session it had fallen by about 15% for the day, meaning it had given back some of its gains. However, the rebound from the Dip suggests that buying pressure still emerged when prices were low.

The momentum is currently skewed in either direction: the RSI is around 50 and the price is near the middle of its recent trading range. This usually implies the market is waiting for new signals before making a decision.

MYX Finance (MYX) outperformed the market and remained above the $6.50 mark.

MYX rose from around $5.40 to around $6.44, equivalent to an increase of about 18% from its local Dip , and at many points held above the $6.50 mark.

Compared to the overall market, MYX had a "smoother" trading week. The price briefly tested the $6.8–$7.0 range before cooling down, but notably, it held steady around $6.5 for most of the week.

Daily performance has been relatively modest, with the most recent session seeing a gain of around 1.4%. Strength indicators are described as remaining “healthy,” suggesting that the MYX is maintaining a more stable position than the rest of the market in the short term.

Midnight (NIGHT) has recovered about 17% from Dip but lacks the momentum to break out.

NIGHT fell to around $0.046 before recovering to the $0.054–$0.055 range, equivalent to a rebound of about 17% from the Dip, but then traded sideways.

The NIGHT rally occurred after a steady decline, indicating the participation of Dip -hunting buyers. However, the upward momentum did not last long, and the market quickly shifted into a consolidation phase.

At the time of recording, NIGHT was trading around $0.0537, with the most recent session showing a decline of approximately 2.2% for the day. The RSI was around 47, reflecting balanced strength, meaning there was no clear trend signal yet. NIGHT showed signs of stabilization, but still lacked the "confidence" to form a definitive direction.

The sharp decline indicates that selling pressure prevailed despite the area being oversold.

BNB, XMR , and ZEC all fell sharply this week; many indicators, such as the RSI, are down, suggesting oversold conditions, but the overall recovery remains weak and unconvincing.

BNB fell sharply from the 760–770 USD range to near 600 USD, with the RSI dropping to around 26.

BNB fell from the $760–$770 range to a weekly Dip of nearly $600, equivalent to a drop of about 15% at worst, accompanied by increased volume during the decline.

Notably, volume increases significantly during price declines, often reflecting stronger and more decisive Dump pressure from sellers.

At the time of recording, BNB was trading around $643, significantly lower than the previous week. Towards the end of the week, the price mostly moved sideways, indicating that selling pressure had eased but confidence had not yet returned.

An RSI close to 26 indicates that BNB is in a deeply oversold state. The DMI is described as still leaning towards downtrend control, implying that the risk of further declines remains if there isn't sufficient buying pressure.

Monero (XMR) has fallen by approximately 20% from around $400 to nearly $290.

XMR fell by about 20% from the $400 region to a weekly Dip near $290; it then rebounded slightly but lacked the strength to reverse the trend.

After a sharp decline, XMR experienced a small rebound but lacked momentum. This often occurs when buying pressure is only sufficient to "hold the price" in the short term, rather than fueling a new uptrend.

At the time of recording, XMR was trading at approximately $325.7 USD, down about 1.1% on the day. The RSI was around 33, indicating continued weakness. Despite signs of stabilization, the sharp drop has been described as significantly eroding trader confidence in this privacy coin in the short term.

Zcash (ZEC) lost over 30% at its worst point, with the downtrend still dominating.

ZEC fell from the 290–300 USD range to nearly 200 USD, equivalent to a drop of over 30% at its worst; the subsequent rebound was weak and there is no confirmation of a reversal yet.

Buyers entered the market near the Dip , helping prices rebound slightly, but the lack of "follow-through" momentum made it difficult for prices to rise significantly again. This is a common characteristic when the market only reacts technically after a sharp drop.

At the time of recording, ZEC was around $234, down approximately 2.7% on the day. The RSI was around 32, while the money flow remained negative as described, indicating that selling pressure was still present and buyers had not yet regained control of the price movement.

The crypto market is "fickle" and selective, not a buy-one-get-one-get-one-get-one-buy list.

The biggest message of the week is that the market remains volatile, selective, and driven by short-term sentiment, so it's important to verify data and avoid making decisions based solely on a single upward move.

In a context where coins can surge from the Dip and quickly rebound, risk management and signal confirmation (volume, price range, indicators) become more important than subjective predictions. A cautious approach is to monitor price reactions at support/resistance levels and only act when there is a clear signal, rather than considering "strong upward/strong downward" rankings as investment recommendations.

Frequently Asked Questions

Why have Bitcoin and Ethereum fallen sharply while some altcoins are still rising?

Due to the selective nature of the money flow, some projects are bought at low prices or experience their own fluctuations. When the overall market declines, some coins still experience technical rebounds from their weekly Dip , creating relatively positive gains even though the broader trend is not yet favorable.

Does a low RSI like BNB (around 26) necessarily mean a rebound is inevitable?

No. A low RSI indicates an oversold condition, but the price could continue to fall if selling pressure remains dominant. Further confirmation is needed, such as decreasing volume during the decline, a breakout from the downtrend, or holding a key support zone.

Are the gains in M, MYX, and NIGHT this week sustainable?

This week's data leans more towards a pullback from the Dip than a clear uptrend. M is highly volatile, NIGHT is sideways after the rebound, while MYX is holding steady but still has resistance above.