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<a href="https://xpertsstudio.com/bitcoin-and-eth-holders-could-face-a-deeper-pullback-ansem-warns/” title=”Bitcoin and ETH Holders Could Face a Deeper Pullback, Ansem Warns”>Bitcoin is fighting to hold $80,000 after three consecutive weeks of losses. The broader crypto market remains under pressure as weak investor confidence and volatility in global stocks weigh on prices. Yet a handful of altcoins are moving against the trend.
Three tokens stand out in the last week of October: MemeCore (M), Ethena (ENA), and Zcash (ZEC).
MemeCore has staged a sharp recovery despite its longer-term downtrend. Ethena is approaching a potential breakout, while Zcash is attracting renewed investor interest as its price approaches a critical level.
MemeCore (M): Can a 44% Rally Reverse Its Downtrend?
MemeCore is one of the week’s biggest gainers, climbing nearly 44% despite months of declining prices. However, the token is approaching a resistance level that could determine whether its recovery continues or fades.
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The immediate test: M is trading near $0.97, just below the $0.976 resistance level. A recent attempt to move above $1 met selling pressure, suggesting buyers have yet to regain control.
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Bullish scenario: Breaking and holding above $0.976 would strengthen the recovery. If momentum continues, the next major target is $1.75, representing roughly 80% potential upside from current prices.
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Bearish scenario: Another rejection could push M toward $0.75, its strongest remaining support. That would represent a decline of around 23%.
The RSI has recovered to a neutral reading, showing improving momentum. However, the broader downtrend remains intact until buyers establish a convincing breakout.
Ethena (ENA): A Major Price Move Could Be Coming
Ethena has gained nearly 8% over the past week while maintaining a pattern of higher lows since August. Its price movements are becoming increasingly narrow, suggesting traders could soon see a larger move.
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The immediate test: ENA has repeatedly defended support at $0.188, even after an October token unlock. This suggests buyers remain active near that level.
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Bullish scenario: If buyers maintain control, ENA could rise toward $0.244, approximately 19% above its current price.
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Bearish scenario: Losing $0.188 would weaken the recovery and raise the risk of further declines.
Trading volume is falling, and Bollinger Bands are tightening. This pattern often appears before a sharp price move, although it does not predict the direction. ENA’s higher lows give buyers a modest advantage for now.
Source: finance.yahoo.com