3 Altcoins To Watch This Week As Bitcoin Struggles Near $80,000

What Happened

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.

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.

Grayscale’s Zcash investment product reportedly attracted $41.1 million in weekly inflows, its strongest showing since mid-September. Meanwhile, ZEC’s price is approaching a technical level that could determine its next move.

Market Context

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.

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.

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.

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.

Bullish scenario: If buyers maintain control, ENA could rise toward $0.244, approximately 19% above its current price.

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.

Key price signals and forecast:

Like Ethena, Zcash is showing narrowing Bollinger Bands and declining volume. Its RSI remains neutral, leaving the next move uncertain.

Why It Matters

Bearish scenario: Another rejection could push M toward $0.75, its strongest remaining support. That would represent a decline of around 23%.

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.

Bearish scenario: Losing $0.188 would weaken the recovery and raise the risk of further declines.

Bullish scenario: A confirmed breakout could open the path toward $1,411, offering nearly 15% potential upside.

Bearish scenario: Failure to hold momentum could send ZEC back toward $1,091. Falling below that support would weaken the recovery significantly.

Details

Three tokens stand out in the last week of October: MemeCore (M), Ethena (ENA), and Zcash (ZEC).

MemeCore (M): Can a 44% Rally Reverse Its Downtrend?

The RSI has recovered to a neutral reading, showing improving momentum. However, the broader downtrend remains intact until buyers establish a convincing breakout.

Zcash (ZEC): ETF Demand Meets a Critical Breakout Test

Zcash has gained 7% this week, with renewed institutional interest providing an additional reason to watch the token.

The immediate test: ZEC is attempting to reclaim $1,234 as support. A daily close above this level would strengthen the bullish case.

For now, the combination of renewed fund inflows and an approaching resistance test makes Zcash one of the more closely watched altcoins this week.