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11th February 2024: Weekly Crypto Trends

Bitcoin and Ethereum rallied sharply in the week. Bitcoin tests previous highs, while Ethereum tests resistance at 2500.
Secondary coins also rallied sharply with gains 19.2% in Thorchain, followed by gains of 9.9% in Fantom and 9.4% in Cosmos. On the negative side, Monero was sharply lower by 27.7%.
Several coins now trade mid-range after the recent rally.
Crypto related equities had a strong rally, fuelled both the equity Index highs as well as strong Bitcoin gains. The biggest gainers were marathon, Microstrategy and Riot with gains around 30%. Marathon and Microstrategy reassert medium term uptrends, while Coinbase found solid support at 114.

Yuga Labs, the company in charge of collections such as the Bored Apes, found itself having to reverse its free mint for its metaverse game the Otherside after the Ethereum minting costs made the free give away rather expensive.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin47,147.204.1%3961.349.2%59504748
Ethereum2,487.522.8%179.487.8%60877

Bitcoin and Ethereum rallied sharply in the week. Bitcoin tests previous highs, while Ethereum tests resistance at 2500.

Ratio Chart

Bitcoin approaches the top of the short term range versus Ethereum.

Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
THORChain (Smart Contract Coin)5.2519.2%4904736
Cosmos (Smart Contract Coin)10.029.4%51-33-88-74
Fantom (Smart Contract Coin)0.409.9%468-41-29
BNB Chain Native Token (Smart Contract Coin)323.847.5%5250-41-18
Polygon (Smart Contract Coin)0.856.9%508-88-64
Solana (Smart Contract Coin)106.936.5%54758885
The Sandbox (Gaming Coin)0.476.5%45-33-88-74
Cardano (Smart Contract Coin)0.545.2%4842-41-20
Decentraland (Gaming Coin)0.475.9%50-33-88-74
Near (Smart Contract Coin)2.993.3%3875-41-12
Avalanche (Smart Contract Coin)38.013.5%5175018
XRP (Smart Contract Coin)0.533.1%39-837-15
ChainLink (Cross Chain Coin)18.473.8%62754754
Polkadot (Cross Chain Coin)7.193.7%4642-45-23
DogeCoin (Memecoin)0.083%49-33-41-39
Theta Token (Gaming Coin)1.043.5%43-33-41-39
Stellar (Privacy Coin)0.111.5%41-83-45-54
Monero (Privacy Coin)121.92-27.7%42-92-45-56

Secondary coins also rallied sharply with gains 19.2% in Thorchain, followed by gains of 9.9% in Fantom and 9.4% in Cosmos. On the negative side, Monero was sharply lower by 27.7%.
Several coins now trade mid-range after the recent rally.

Trend score – best to worst

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)106.936.5%54758885
ChainLink (Cross Chain Coin)18.473.8%62754754
THORChain (Smart Contract Coin)5.2519.2%4904736
Avalanche (Smart Contract Coin)38.013.5%5175018
Near (Smart Contract Coin)2.993.3%3875-41-12
XRP (Smart Contract Coin)0.533.1%39-837-15
BNB Chain Native Token (Smart Contract Coin)323.847.5%5250-41-18
Cardano (Smart Contract Coin)0.545.2%4842-41-20
Polkadot (Cross Chain Coin)7.193.7%4642-45-23
Fantom (Smart Contract Coin)0.409.9%468-41-29
DogeCoin (Memecoin)0.083%49-33-41-39
Theta Token (Gaming Coin)1.043.5%43-33-41-39
Stellar (Privacy Coin)0.111.5%41-83-45-54
Monero (Privacy Coin)121.92-27.7%42-92-45-56
Polygon (Smart Contract Coin)0.856.9%508-88-64
Cosmos (Smart Contract Coin)10.029.4%51-33-88-74
Decentraland (Gaming Coin)0.475.9%50-33-88-74
The Sandbox (Gaming Coin)0.476.5%45-33-88-74

The trend structure of the secondary coins remains split between short term uptrends and short term downtrends, while four coins, Solana, Chainlink Thorchain and Avalanche.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF49.592.4%6.3%488-45-32
Block Inc66.88-2.8%-1.5%438-92-67
Coinbase Global Inc Cl A141.997.1%9.9%4442-47
Hive Blockchain Technologies Ltd3.615.6%15.7%40-757-13
Marathon Digital Hldgs Inc23.8910.7%31.3%51754754
Microstrategy Cl A646.3210%29.2%4788868
Riot Blockchain Inc14.5511.5%29.8%48-33-41-39
Robinhood Markets Inc Cl A11.552.9%5.8%448-45-32
Tesla Inc193.572.1%3%25-92-95-94

Crypto related equities had a strong rally, fuelled both the equity Index highs as well as strong Bitcoin gains. The biggest gainers were marathon, Microstrategy and Riot with gains around 30%. Marathon and Microstrategy reassert medium term uptrends, while Coinbase found solid support at 114.