After weeks of heavy losses, the crypto market finally saw some light.
Bitcoin [BTC] and Ethereum [ETH] put up weak shows, but the overall mood was vastly improved. This came after a U.S. inflation report showed prices rising more slowly, with inflation falling to 2.4%.
The labor market also stayed strong, raising hopes that the Fed may cut interest rates soon. That often helps crypto.
While the biggest coins stayed quiet, several smaller tokens saw major gains… and losses. So, grab your coffees and teas! Here’s a quick look at this week’s biggest movers.
Weekly winners
Strong buying pushes pippin [PIPPIN] into a mammoth breakout
pippin [PIPPIN] has surged from the $0.16-$0.20 accumulation zone to above $0.72, a gain of over 280% in just over a week!
Most trading activity was concentrated near the lower range, which meant that buyers built strong positions before the breakout.
Once price moved above this high-volume area, resistance thinned, and upside movement happened quicker.
RSI showed demand but didn’t show any signs of a reversal. MACD was bullish as well.
Source: TradingView
With rising wallet counts and active incentives, PIPPIN’s rally was pushed by gradual buying. The trend may still have room to continue.
ZCash [ZEC] energized by DCG CEO claims
Zcash [ZEC] rallied 33% this week after Digital Currency Group CEO Barry Silbert said 5% to 10% of Bitcoin [BTC] investments could go into privacy coins in the coming years.
He also called Zcash a project capable of delivering 500x returns!
ZEC surged from around $230 to above $330 before settling at $307. This came after days of consolidation, so investors were buying before the move. RSI was at 51, recovering from weak levels.
Humanity Protocol [H] hits new highs
Humanity Protocol [H] traded near $0.23 after gaining nearly 90% from its recent base around $0.12. The steady series of higher highs and higher lows proves that the spike was supported by buying.
The RSI held above 70, while the MACD stayed bullish.
This growth came alongside Humanity Protocol’s integration with Fireblocks. This development opens access to more than 2,000 financial institutions, allowing professional investors to custody and interact with H.
At the same time, its privacy-focused mainnet and decentralized identity infrastructure are attracting interest.
Other notable winners
Dogecoin [DOGE] went up 18% at the time of writing. Shiba Inu [SHIB] followed with a 12% rise, supported by retail activity. Meanwhile, Pi [PI] led the group with a 30% rally!
Weekly losers
MYX Finance [MYX] drops with sell pressure
MYX Finance [MYX] fell nearly 70% from around $6.30 to below $2.00, according to the daily chart.
The decline followed a period of consolidation near the upper Bollinger Band, after which price broke down and continued forming lower lows.
Source: TradingView
The RSI dropped to 26, putting MYX deep in oversold territory. At the same time, the CMF was negative, so capital has been exiting.
Unless buyers step in to defend current levels, MYX may continue facing downward pressure in the near term.
Memecore [M] weakens with fading pace
Memecore [M] has come under pressure after failing to hold its early February highs near $1.85. There was a rejection followed by a steady decline, with the price at around $1.27 at press time.
That’s a drop of over 10% in recent sessions.
The token attempted to stabilize between $1.30 and $1.45, but repeated lower highs proved the lack of buyer confidence. RSI slipped to 41.
The earlier rally was met with strong selling at higher levels, forcing M into a consolidation phase.
Aptos [APT] loses its footing
Aptos [APT] slipped from around $1.10 to below $1.00, a steady downtrend before finding weak support near $0.90. While there’s been a small bounce since then, the recovery hasn’t been strong enough to flip the board.
RSI was close to oversold territory at 29. Meanwhile, the OBV was low, so buyers hadn’t returned in full force.
APT is trying to stabilize, but confidence still looks shaky. Unless it can reclaim the $1.00-$1.10 range convincingly, the token may be stuck in a fragile recovery phase.
Other notable losers
Story [IP] fell 6%, while Bitget Token [BGB] dropped 7% with a fading pace. Meanwhile, DoubleZero [2Z] saw the worst decline among the group, sliding 13% as sellers took control.
And that’s the week in crypto!
If there’s always one takeaway, it’s this. Things can flip fast; today’s top gainer can easily become next week’s biggest loser. So, stay curious, stay cautious, and always DYOR before chasing the hype.
We’ll be watching the charts, and we’ll see you next week!
Final Summary
- PIPPIN jumped 280%, Humanity Protocol rose 90%, and Zcash gained 33%.
- Market momentum is way beyond major coins.
Source: https://ambcrypto.com/crypto-market-weekly-review-15-february/
