Weekly crypto winners and losers: POL, JASMY surge while NIGHT, ZEC correct
Bitcoin and Ethereum were largely flat this week (weekly losses ~0.95% and ~1.6%), while select altcoins produced notable moves. Polygon (POL) led winners with a near 50% rally driven by steady daily active addresses, rising transactions and expanding volume. Virtuals Protocol (VIRTUAL) gained ~22% but stalled near a high-volume supply zone around $1.05–$1.10 and is consolidating above $0.85 support. JasmyCoin (JASMY) jumped from ~$0.0065 to above $0.0095 on higher volume and is now trading sideways, holding key support near $0.0065–$0.0067. Other winners included Monero (XMR, +~11%), Render (RENDER, ~+25%) and Fetch.ai (FET, ~+15%), reflecting rotation into privacy, decentralized compute and AI infrastructure themes. On the downside, Midnight (NIGHT) retraced ~22% from local highs and stabilized near $0.067 after hitting supply around $0.09. Zcash (ZEC) fell ~26% from ~$510 to ~$370 but shows signs of slowing selling (RSI oversold, CMF stabilizing), suggesting a possible bounce if support holds. Canton Network (CC) retraced ~18% and is settling around $0.13 with neutral momentum indicators. Notable losers also included Uniswap (UNI, ~-7%), Dash (DASH, ~-13%) and Dogecoin (DOGE, ~-8%). Summary takeaways for traders: altcoin moves were driven more by on-chain usage, volume and narrative strength than broad BTC/ETH direction; several pullbacks show reduced selling intensity and potential bases forming, so traders should watch key support zones, volume profiles and momentum indicators before entering positions. Main keywords: crypto winners losers, POL rally, JASMY surge, NIGHT drop, ZEC sell-off.
Neutral
The report shows divergent altcoin performance while BTC and ETH remain largely unchanged. Several winners (POL, JASMY, VIRTUAL) rallied on increased usage and volume, pointing to genuine demand rather than pure speculation; others (NIGHT, ZEC, CC) experienced controlled pullbacks with indicators suggesting selling pressure is moderating. That mixed signal—strong idiosyncratic rallies alongside stabilizing but significant corrections—supports a neutral market view. Short-term, traders can expect volatility and rotation between themes (privacy, AI/compute, infrastructure), with opportunities in breakout continuation (if volumes sustain) or mean-reversion trades near identified support zones. Long-term impact depends on whether on-chain usage and narrative strength persist; sustained user growth (as seen with POL) could be bullish for that asset class, but broader market direction will still track macro risk appetite and BTC leadership. Similar past episodes (select altcoin rallies during flat BTC weeks) produced concentrated gains for winners while many assets later reverted or consolidated, so risk management and confirmation (volume, RSI, support holds) remain essential.