25th February 2024: Weekly Crypto Trends
Bitcoin dropped 2.7% on the week, while Ethereum rallied by 4.2%.
Secondary coins were generally lower on the week, with Avalanche, down 10.9%, Thorchain down 9.7% and Solana down 9.5%. On the positive side Theta rallied by 6.4%, followed by Polygan at 3.7%.
Crypto related equities were lower except for Block which rallied very sharply by 20.2% to the top of the range at 80. Microstrategy pulls back with support at 650. Coinbase does not sustain recent high and nears potential support at 155.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 50,731.95 | -1.1% | -1428.25 | -2.7% | 68 | 42 | 47 | 46 |
| Ethereum | 2,921.66 | -1.7% | 117.97 | 4.2% | 63 | 42 | 7 | 15 |
Bitcoin dropped 2.7% on the week, while Ethereum rallied by 4.2%.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Theta Token (Gaming Coin) | 1.20 | 6.4% | 57 | 8 | -41 | -29 |
| BNB Chain Native Token (Smart Contract Coin) | 375.32 | 4% | 69 | 50 | -41 | -18 |
| Polygon (Smart Contract Coin) | 0.99 | 3.7% | 63 | 8 | -41 | -29 |
| Near (Smart Contract Coin) | 3.36 | 2.3% | 51 | 42 | -41 | -20 |
| Monero (Privacy Coin) | 123.84 | 0.9% | 41 | -75 | -92 | -88 |
| Stellar (Privacy Coin) | 0.11 | -0.6% | 46 | -75 | -45 | -52 |
| The Sandbox (Gaming Coin) | 0.50 | 0.4% | 49 | 8 | -88 | -64 |
| Polkadot (Cross Chain Coin) | 7.56 | -1.2% | 52 | 8 | -45 | -32 |
| DogeCoin (Memecoin) | 0.08 | -1.8% | 55 | 8 | -41 | -29 |
| Cosmos (Smart Contract Coin) | 9.97 | -2.7% | 49 | 8 | -88 | -64 |
| Fantom (Smart Contract Coin) | 0.40 | -2.8% | 50 | 8 | -41 | -29 |
| Cardano (Smart Contract Coin) | 0.58 | -2.6% | 57 | 42 | -41 | -20 |
| Decentraland (Gaming Coin) | 0.48 | -3.4% | 53 | 8 | -88 | -64 |
| XRP (Smart Contract Coin) | 0.53 | -5.4% | 43 | -75 | 7 | -13 |
| ChainLink (Cross Chain Coin) | 17.94 | -8.3% | 56 | 75 | 47 | 54 |
| THORChain (Smart Contract Coin) | 5.18 | -9.7% | 60 | 42 | 47 | 46 |
| Solana (Smart Contract Coin) | 99.95 | -9.5% | 49 | 75 | 88 | 85 |
| Avalanche (Smart Contract Coin) | 35.93 | -10.9% | 50 | 42 | 47 | 46 |
Secondary coins were generally lower on the week, with Avalanche, down 10.9%, Thorchain down 9.7% and Solana down 9.5%. On the positive side Thet rallied by 6.4%, followed by Polygan at 3.7%.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 99.95 | -9.5% | 49 | 75 | 88 | 85 |
| ChainLink (Cross Chain Coin) | 17.94 | -8.3% | 56 | 75 | 47 | 54 |
| THORChain (Smart Contract Coin) | 5.18 | -9.7% | 60 | 42 | 47 | 46 |
| Avalanche (Smart Contract Coin) | 35.93 | -10.9% | 50 | 42 | 47 | 46 |
| XRP (Smart Contract Coin) | 0.53 | -5.4% | 43 | -75 | 7 | -13 |
| BNB Chain Native Token (Smart Contract Coin) | 375.32 | 4% | 69 | 50 | -41 | -18 |
| Near (Smart Contract Coin) | 3.36 | 2.3% | 51 | 42 | -41 | -20 |
| Cardano (Smart Contract Coin) | 0.58 | -2.6% | 57 | 42 | -41 | -20 |
| Fantom (Smart Contract Coin) | 0.40 | -2.8% | 50 | 8 | -41 | -29 |
| Polygon (Smart Contract Coin) | 0.99 | 3.7% | 63 | 8 | -41 | -29 |
| DogeCoin (Memecoin) | 0.08 | -1.8% | 55 | 8 | -41 | -29 |
| Theta Token (Gaming Coin) | 1.20 | 6.4% | 57 | 8 | -41 | -29 |
| Polkadot (Cross Chain Coin) | 7.56 | -1.2% | 52 | 8 | -45 | -32 |
| Stellar (Privacy Coin) | 0.11 | -0.6% | 46 | -75 | -45 | -52 |
| Cosmos (Smart Contract Coin) | 9.97 | -2.7% | 49 | 8 | -88 | -64 |
| Decentraland (Gaming Coin) | 0.48 | -3.4% | 53 | 8 | -88 | -64 |
| The Sandbox (Gaming Coin) | 0.50 | 0.4% | 49 | 8 | -88 | -64 |
| Monero (Privacy Coin) | 123.84 | 0.9% | 41 | -75 | -92 | -88 |
Most short term trend scores are now positive, but equally most of the coins are now in short term ranges. Solana maintains best medium term trend, followed by Chainlink.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 48.41 | -0.1% | -3.8% | 53 | 0 | -45 | -34 |
| Block Inc | 78.92 | 16.1% | 20.2% | 62 | 8 | -45 | -32 |
| Coinbase Global Inc Cl A | 165.98 | -2.9% | -7.9% | 60 | 42 | -4 | 7 |
| Hive Blockchain Technologies Ltd | 3.82 | -7.1% | -13.4% | 53 | 8 | 7 | 7 |
| Marathon Digital Hldgs Inc | 23.99 | -2.3% | -11% | 59 | 75 | 47 | 54 |
| Microstrategy Cl A | 687.44 | -3.6% | -1.7% | 65 | 75 | 88 | 85 |
| Riot Blockchain Inc | 14.85 | -5.6% | -9.7% | 60 | 8 | 7 | 7 |
| Robinhood Markets Inc Cl A | 14.48 | 3.7% | 3.4% | 72 | 25 | -41 | -24 |
| Tesla Inc | 191.97 | -2.8% | -4% | 38 | -75 | -92 | -88 |
Crypto related equities were lower except for Block which rallied very sharply by 20.2% to the top of the range at 80. Microstrategy pulls back with support at 650. Coinbase does not sustain recent high and nears potential support at 155.