Dash Surges Over 80% to Lead Weekly Crypto Gainers, While Aster and Ethena Face Sharp Declines

yesterday / 19:19

The crypto market experienced a week of mixed performance, with cautious optimism driven by the Fed's policy stance and notable inflows into Solana ETFs. Bitcoin remained stable around $110,000, while utility and privacy tokens captured significant attention.

Weekly winners were led by Dash (DASH), which rallied over 80% to reclaim 2022 price levels, breaking out of a multi-month consolidation. The token reached a multi-year high, with momentum pointing towards the $100 resistance. However, caution is advised as DASH's RSI hit 90, indicating overbought conditions, and derivatives activity jumped 55%, suggesting leverage played a role. A breakdown below $50 could trigger a deeper pullback to $15.

Virtuals Protocol (VIRTUAL) climbed over 25%, supported by its integration with Coinbase's x402 payment protocol, which enables AI agents to send payments instantly. Price action held firm at the $1.2 support, rebounding to $1.9 by week's end, reflecting strong technical and on-chain fundamentals.

Zcash (ZEC) gained 20%, building on the previous week's 37% surge and setting a new all-time high above $400. The privacy token entered price discovery mode, with sentiment shifting positively, though a short-term cool-off is possible. Any dip below $400 is unlikely to hold, with consolidation expected before a potential push toward $500.

Among weekly losers, DoubleZero (2Z) dropped 28.62%, marking its worst performance since launch. The token faced resistance at $0.25 and failed to defend the $0.22 support, leading to panic selling. If the $0.17 level breaks, it could retest listing lows near $0.12.

Aster (ASTER) slid 18% after reports that Binance founder CZ offloaded 35 million tokens, triggering a sell-off. Sell volume exceeded buys by 4 million, with top wallets unloading 35.6 million tokens. Support near $0.9 is critical; a break could lead to further downside.

Ethena (ENA) declined 15%, struggling to break the $0.50 resistance after two weeks of gains. The token opened with a dip and printed lower lows, stabilizing near $0.40. Reclaiming $0.50 is essential to avoid continued weakness.

Other notable movers included Game by Virtuals (GAME) surging 110%, SEDA up 95%, and Railgun (RAIL) rallying 91%, while ChainOperaAI (COAI) dropped 80% and Giggle Fund (GIGGLE) fell 61%.

DASH
DASH surged 80%+ to lead weekly crypto gainers, breaking multi-month consolidation and reaching multi-year highs. The rally reflects renewed interest in privacy tokens amid broader market stability. However, extreme RSI readings at 90 and 55% derivatives activity spike indicate overbought conditions and excessive leverage. Short-term risk of correction to $50 support is high, though long-term breakout above 2022 levels suggests structural bullish shift if momentum sustains.
Technical analysis
4h RSI at 87.34 confirms severe overbought conditions. Strong ADX (59.78) and +DI (42.2) show powerful uptrend but exhaustion. MACD positive but momentum slowing on lower timeframes, suggesting near-term correction risk.
VIRTUAL $1.44 -15.48%
VIRTUAL surged 25% driven by Coinbase x402 payment protocol integration, enabling AI agent payments. This fundamental catalyst provides strong adoption utility. However, current technicals show consolidation after the rally, with price trading below key EMAs. Short-term may see pullback to $1.2 support before next leg up. Long-term remains bullish given institutional integration and AI payment use case.
Technical analysis
Bearish divergence: RSI at 34-52 shows momentum cooling, price below EMA20/50 across most timeframes. ADX strong at 45 indicates established trend but MACD negative on shorter timeframes suggests near-term consolidation pressure.
ZEC
ZEC surged 20% following previous week's 37% gain, reaching new all-time high above $400. The privacy token enters price discovery mode with positive sentiment shift, though short-term consolidation is expected. Strong fundamental momentum from privacy token sector attention suggests continued bullish bias, with $500 as next psychological target. Any dip below $400 unlikely to hold given strong underlying demand.
Technical analysis
Mixed signals: RSI at 46 shows cooling from overbought, but price below key EMAs (20/50) suggests short-term weakness. ADX at 36 indicates strong trend continuation potential. Volume below average confirms consolidation phase.
ASTER $1.00 +6.33%
ASTER faces strong negative pressure from CZ's 35M token sell-off, triggering panic selling with net sell volume exceeding buys by 4M tokens. The fundamental sentiment is severely bearish with high-intensity reaction expected. Critical support at $0.9 must hold to prevent further downside acceleration. Short-term recovery appears unlikely given whale distribution patterns and negative market positioning.
Technical analysis
Technicals show mixed signals with RSI at 69.2 (1h) indicating overbought conditions, while ADX at 46.58 confirms strong downtrend momentum. Current price above EMAs suggests potential dead cat bounce before further decline.
ENA $0.36 -7.99%
Fundamentally negative as ENA declined 15% this week, struggling to break $0.50 resistance after previous gains. The token faces continued weakness with lower lows formation, stabilizing near $0.40. No positive catalysts mentioned, placing it among weekly losers. Technical oversold conditions may provide temporary relief, but reclaiming $0.50 is essential for any sustainable recovery. Short-term outlook remains bearish with consolidation expected.
Technical analysis
RSI at 28.18 (4h) shows oversold conditions. Price below all EMAs confirms downtrend. ADX at 57.04 indicates strong directional movement. Volume spike suggests capitulation, potentially nearing local bottom.
Sources
Crypto market’s weekly winners and losers – DASH, VIRTUAL, ASTER, ENA
AMBCrypto 02.11.2025 19:00
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