Polygon (POL) and JasmyCoin (JASMY) Dominate the Bull Run
While the broader market slows down, Polygon (POL) stands out with a remarkable performance, posting nearly +50% over the week. This rally is supported by the announcement of the Open Money Stack framework, which served as a fundamental catalyst, boosting volumes and on-chain activity.
From a technical standpoint, the breakout is clear. Despite an RSI in overbought territory, capital flows remain solid, suggesting that investors are not yet taking profits. As long as on-chain momentum holds, the uptrend could continue.
Meanwhile, JasmyCoin (JASMY) confirms its speculative appeal. The token has moved from $0.0065 to $0.0095, driven by strong buying volumes. Currently in sideways consolidation, the structure remains bullish as long as support holds, suggesting a potential continuation of the move in January.
Zcash (ZEC) and Midnight (NIGHT) Under Pressure
The mood is radically different for Zcash (ZEC), which has dropped approximately 26% after failing around $510. Uncertainties related to governance and internal tensions at the ECC have triggered strong selling pressure, with provisional support around $370.
The token is now trading in oversold territory, which could favor a technical bounce in the short term. However, caution remains warranted: a break of current support would open the door to a decline toward $313, while stabilization could attract contrarian investors.
Finally, Midnight (NIGHT) shows a weekly decline of approximately 22% after a sharp rejection around $0.09. Here, the correction appears more related to buyer exhaustion than a fundamental shock. The $0.067 level becomes crucial: its defense will determine the ability of bulls to avoid another phase of weakness.
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