Privacy coin Monero [XMR] climbed around 11%, which is interesting, considering other top privacy coins posted big losses.
Render [RENDER] surged nearly 25%, benefiting from recent interest in decentralized compute and AI-linked infrastructure. Meanwhile, Artificial Superintelligence Alliance [FET] posted gains of about 15%.
By the looks of it, traders seem to be rotating into specific themes and narratives.
Weekly losers Midnight [NIGHT] – Certainly exhausted, but not worn down yetMidnight [NIGHT] had a rough stretch, down 22% from its local high before finding some footing. It looked like the coin lost steam than anything else.
The red candles came as price hit a dense supply zone near $0.09, where Volume Profile showed heavy prior positioning. What’s interesting is what followed.
Selling pressure fell quickly, and the price has started to stabilize around $0.067. RSI was in neutral territory at press time, so the bears weren’t fully in control.
If buyers defend this zone, Midnight could build a base that traders often miss.
ZCash [ZEC] – Fell hard, but selling is losing its biteZcash [ZEC] took a hit this week, sliding nearly 26% from the $510 area before finding support near $370. On the surface, that looks ugly. But the worst of the selling may already be behind it.
RSI dipped deep into oversold territory, while CMF stopped accelerating lower. Capital outflows are slowing.
The reaction near support is notable. Despite heavy red candles earlier, recent price action had started to flatten, so sellers were running out of urgency.
If ZEC holds this zone, the next move is likely to be an uncomfortable bounce.
Canton Network [CC] – Tripped, but didn’t quite fallMost privacy-focused tokens have had a rough week, with several names struggling to hold recent gains. Canton [CC], however, has more to it than just a surface-level fall.
After an early push higher, price pulled back about 18% from local highs and has since settled near the $0.13 region. That retracement looks controlled.
Price was above the lower Bollinger Band, so volatility is low. RSI was firmly neutral, while OBV flattened instead of breaking down; distribution hasn’t taken over… yet.
Sellers are present, but confidence is weak. If privacy narratives regain footing, Canton looks positioned to stabilize first.
Other notable losersUniswap [UNI] slipped about 7%, as trading activity cooled across major DEXs. Dash [DASH] fell nearly 13%, with weakness in the privacy coin bracket.
Dogecoin [DOGE] dropped around 8%, so even the high-visibility memecoins weren’t immune.
At the end of the day, this market doesn’t reward rushing in or out. Some moves will stick, some won’t… and sometimes it isn’t obvious which is which in real time.
So take the signals, double-check the data, and DYOR before making any calls.
Final Thoughts
- While Bitcoin and Ethereum slipped under 2%, select altcoins surged as high as 50%.
- Usage, volume, and narrative strength mattered more than talk this week.