Black Friday Crash Hit These Three Coins The Hardest

The coins hit by the Black Friday crash on October 10 faced some of the sharpest declines of the year. Prices across exchanges collapsed within minutes as billions in leveraged positions were wiped out, triggering forced liquidations and flash crashes.

Most cryptocurrencies fell between 10% and 60%, but some tokens were hit far worse — even flashing near-zero values before stabilizing. Their wild swings show how fragile liquidity can become during panic and how quickly sentiment can shift once the dust settles. We have listed three such tokens with an additional mention to find if you read to the end.

Cosmos (ATOM)

Cosmos (ATOM) was one of the hardest-hit coins by Black Friday crash. On Binance, ATOM’s price briefly showed $0.001 (a 99.9% dip) — a supposedly “false print” caused by a tick-size glitch that fueled widespread panic.

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“Historical limit orders (some dating back years, as far as 2019, e.g., IOTX, ATOM) had remained open on the platform. During extreme market sell-off and the lack of buying orders, sell orders continue to execute against these long-standing limit orders, pushing token prices to sharply drop momentarily,” Binance stated.

Based on Coinbase data (a CEX unaffected by the glitch, ATOM fell from $4.19 to $2.99, a real 32% intraday drop.

ATOM’s structure still leans bearish on the daily chart, trading against a descending trendline while facing resistance at key Fibonacci levels. The current base of the trendline sits at $3.35, which ATOM needs to defend.

A daily close above $3.64 would be the first sign of recovery, with the next major hurdles sitting at $4.11 and $4.45. Breaking above $4.45 could flip the trend bullish (beating the trendline and turning less bearish) and open a move toward $5.32.

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Below, however, a loss of $3.35 could drag prices back toward $2.87 (the last base before a deeper correction), erasing the rebound.

Despite the weakness, there’s a positive divergence in play. Between September 27 and October 11, ATOM’s price made a lower low, but the Money Flow Index (MFI), which tracks the speed and volume of money entering or leaving, made a higher low. It is a classic bullish signal that suggests new money is entering the market even as prices remain under pressure.

That implies some quiet accumulation, possibly retail and spot-driven, as traders bet on a slow recovery following the Black Friday crash.

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IoTeX (IOTX)

IoTeX was another token that briefly flashed zero — a 100% drop — during the October 10 crash on Binance, one of the many “zero” prints that surfaced amid the liquidation chaos.

“Certain trading pairs (such as IOTX/USDT) recently reduced the number of decimal places allowed for minimum price movement, causing the displayed prices in the user interface to be zero, which is a display issue and not due to actual zero price,” Binance explained.

However, real trading data from Gemini’s IOTX/USD chart paints a clearer and more reliable picture of what actually happened, presumably reflecting the token’s real market behavior during that volatile day.

Based on Gemini’s data, IOTX fell from $0.024 to $0.018, marking a real 25% intraday drop before stabilizing toward the close. The sharp move reflected the widespread pressure on small- and mid-cap tokens as liquidity evaporated across exchanges.

Currently, IOTX trades inside a descending triangle, with support/resistance levels acting base(s), with a breach under each level qualifying as a breakdown. The current base of the triangle sits at $0.018, which IOTX needs to defend.

The token is holding near $0.020, facing resistance at $0.024 (previously support) and a stronger barrier around $0.027. A daily candle close above $0.027 could confirm a breakout and open the path to higher levels, while a fall below $0.018 would likely invalidate the recovery attempt.

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The Chaikin Money Flow (CMF), a metric that tracks how much money is entering or leaving an asset, offers the most optimistic signal for now. Since October 7, the CMF has been climbing sharply even as prices fell — a positive divergence that often hints at buying from large holders or whales accumulating during weakness.

In short, while IoTeX’s trend still leans bearish, the improving CMF and steady accumulation point to quiet confidence among bigger players. If price action confirms with a breakout above $0.027, IoTeX could be setting up for a rebound despite its heavy hit during the Black Friday crash.

Enjin (ENJ)

Enjin (ENJ) was among the tokens that briefly flashed 0.00001 on Binance during the October 10 crash — one of the most extreme “zero-print” cases of the day.

However, based on OKX’s ENJ/USDT chart, the real decline was from $0.063 to $0.021, a drop of nearly 67%, making it one of the sharpest falls among major gaming-focused tokens.

Following that crash, ENJ has rebounded strongly, rising from $0.021 to around $0.048, effectively doubling in price within days. Still, the recovery faces stiff challenges ahead. The first major resistance lies at $0.054, followed by a heavy supply zone near $0.060–$0.074, where multiple previous rallies were rejected. Clearing these levels would confirm sustained bullish momentum.

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Conversely, a drop below $0.048 could open downside targets toward $0.041 and $0.034, suggesting that buyers still need to defend current levels before calling it a confirmed reversal.

One key metric to watch is the Bull-Bear Power (BBP) indicator — a measure of the balance between buying and selling strength. The BBP has turned upward after hitting its lowest level of the year, showing that bearish pressure is fading. However, it remains in the negative zone, meaning bears still hold partial control for now.

In short, Enjin’s rebound from the crash lows shows resilience, but the recovery isn’t complete yet. A confirmed breakout above $0.054 would flip sentiment more decisively bullish, while another rejection could keep ENJ consolidating in the lower band.

Special Mention: Avalanche (AVAX)

Unlike the others, Avalanche (AVAX) faced no glitch on Binance — its 70% crash was real. The token plunged from its pre-crash level to a low of $8.53 before rebounding sharply.

Since then, AVAX has recovered to around $22, supported by steady whale accumulation.

The Chaikin Money Flow (CMF) has climbed above zero and continues rising, showing consistent buying strength. To extend this Black Friday crash recovery, the AVAX price must hold above $22 and break $25, with $30–$36 emerging as the next key resistance zone.