Key Takeaways
MYX Finance [MYX], Pump.fun [PUMP], and Worldcoin [WLD] led the week. In contrast, Four [FORM], Cronos [CRO], and World Liberty Financial [WLFI] saw significant declines.
The crypto market had a lively week.
Bitcoin [BTC] held steady around $115k while Ethereum [ETH] inched toward $4.7k. Solana [SOL] was the standout, bouncing back strong and catching both retail and institutional attention.
Meanwhile, stablecoins are edging toward a $300 billion market cap. Still, with the Fed’s September rate cut decision on deck, capital is flowing into projects with real utility until the macro picture clears.
Weekly winners
MYX Finance [MYX] — DeFi protocol pulled off a triple-digit rally
MYX Finance [MYX] topped this week’s gains with a staggering 200% rally. The week kicked off at $3.5, following last week’s 189% run, showing bulls were stacking hard.
However, the daily chart reveals a bearish market structure. Since peaking at $19 on the 11th of September, the price has slid over 50% to $10.70 at press time.
What’s more, after two straight weeks of explosive gains, the RSI has shot deep into overbought territory, crossing 90. A pullback was pretty much baked in, with HODLers taking some profits off the table.
Source: TradingView (WYX/USDT)
In short, MYX is sitting at a key inflection point.
Bulls need to step up to absorb selling and hold support. Price hasn’t flipped $15 into a proper pivot on the 12th of September, so it’s too early to call a local bottom. In this setup, a deeper pullback is very much in play.
Pump.fun [PUMP] — Memecoin launchpad extended its hype cycle
Pump.fun [PUMP] came in as the second-best performer this week with a 65% rip. The week kicked off near $0.005, right off last week’s 50% run, basically starting at key resistance.
But the follow-up 65% surge showed the setup is structurally strong. Bulls are still stacking, and PUMP carved out a fresh $0.008 all-time high, building on last week’s $0.005 breakout.
In short, back-to-back ATHs signal the coin’s in full price discovery mode. Next target? $0.010. That said, the coin’s heating up. If buyers step back, profit-taking could trim the run.
Worldcoin [WLD] — AI-driven token project broke out to Q1 level
Worldcoin [WLD] closed the week as the third-best performer with a 60% rip, marking its biggest weekly pop since February 2024.
In fact, the setup triggered FOMO-driven momentum after a 52% spike on the 8th of September pushed WLD past $1 resistance for the first time in months.
However, this week marked a key inflection. After hitting $2.21 mid-week, WLD pulled back to $1.6, hinting the move could be more short-term hype than sustained bull conviction.
Bulls need to reclaim $2 to confirm follow-through; until then, WLD could either chop in a bullish range or bleed lower on profit-taking.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
Hifi Finance (HIFI) led the charge with an 812% surge, followed by XDOGE (XDOG), which jumped 534%, and Naoris Protocol (NAORIS), rallying 230% to round out the leaderboard.
Weekly losers
Four [FORM] — Utility protocol marked its weakest performance
Four [FORM] topped this week’s losers with a 40% drop, marking its worst weekly run off the $4 open and pushing the price to a three-month low near $2.3. The daily chart shows bears firmly in control.
The week kicked off with a 5.46% dip off $4 resistance. In fact, it is a level FORM has failed to reclaim three times since August.
However, unlike prior attempts, this time the RSI stayed stuck in neutral, showing bulls couldn’t muster follow-through, leaving sellers to dominate ahead of the looming supply wall.
Source: TradingView (FORM/USDT)
This divergence reinforces a bearish structure.
Bulls aren’t stepping up, momentum’s weak, and FORM posted three lower lows just this week. In short, the altcoin looks set to test lower support before any real bounce attempts.
Cronos [CRO] — Native token of L1 protocol failed to break resistance
Cronos [CRO] was the second-worst performer this week, down 7% from the $0.26 open, but charts hint at a bullish setup brewing.
On the weekly, CRO ran to a three-year high at $0.40 in mid-August with an 85% surge, and pullbacks since have stayed shallow, under 10%. Daily action shows consolidation in the $0.20–$0.30 range.
According to AMBCrypto, it looks like a classic cooldown phase. Bears are still around, but the tight range signals bulls haven’t bailed. Thus, this week’s dip looks more like a buying window.
World Liberty Financial [WLFI] — DeFi token pressed up against a major ceiling
World Liberty Financial [WLFI] finished as the third-biggest loser this week, down 2.5% from the $0.22 open. Structurally it’s still holding up better than some other weekly underperformers.
Zooming in, WLFI’s been trapped in a volatility loop since September’s “pump-and-dump”. It’s tried three times to clear $0.25 resistance, but each push triggered pullbacks below $0.20.
The second dip, however, carved the first higher low since launch, marking a small bullish signal.
If WLFI maintains a position above $0.20 for a third consecutive lower low, it may validate a foundation, establishing $0.25 as a supportive level for a potential recovery in the fourth quarter.
Other significant decliners
Across the wider market, there was a notable increase in downward volatility.
Gems VIP (GEMS) led the pack of losers with a decline of 36%, followed by Etherex (REX) with a 26% drop, and MBG by Multibank Group (MBG) experiencing a 24% decrease as momentum slowed down significantly.
Final thoughts
The past week was full of ups and downs, with intense price surges, sudden downturns, and continuous market activity. Remember to stay vigilant, conduct thorough research, and make informed trading decisions.