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25th June 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin and Ethereum enjoyed strong rallies during the week. Bitcoin rose 16%, testing the top of the short term range again. Ethereum also encounters some short term resistance but is below the top of the recent range.
Secondary coins also rallied on the week from an oversold position, with weekly gains of 15.6% in Decentraland, 15.1% in Polkadot, 14.8% in Monero, and 14.2% in Stellar and Polygon. Secondary coins generally encounter short term downtrends or short term resistance after rallies.
Crypto related equities had substantial rallies as major coins rallied. Hive rose by 28.9% and Marathon by 27.4%. They both test the tops of their short term ranges.

Headlines
Bitcoin’s rally was encouraged by the news that BlackRock signalled its intention to issue a Bitcoin ETF.

Independently Jerome Powell also remarked that Cryptos having staying power in a Financial Services hearing in Congress.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin30,675.462.5%4342.8616.5%6050012
Ethereum1,893.001%174.2810.1%53-420-10

Bitcoin and Ethereum enjoyed strong rallies during the week. Bitcoin rose 16%, testing the top of the short term range again. Ethereum also encounters some short term resistance but is below the top of the recent range.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Fantom (Smart Contract Coin)0.3116.3%38-75-88-85
Avalanche (Smart Contract Coin)13.3015%40-75-88-85
Polkadot (Cross Chain Coin)5.1015.1%45-83-92-90
Decentraland (Gaming Coin)0.3915.6%32-83-88-87
Polygon (Smart Contract Coin)0.6814.2%31-830-20
Monero (Privacy Coin)154.6814.8%53-83-47-56
Stellar (Privacy Coin)0.0914.2%50-83-92-90
Theta Token (Gaming Coin)0.7614.8%36-83-88-87
The Sandbox (Gaming Coin)0.4414.1%40-83-88-87
Near (Smart Contract Coin)1.3913.3%37-83-88-87
THORChain (Smart Contract Coin)0.9813.8%39-83-88-87
ChainLink (Cross Chain Coin)6.0713.5%42-83-88-87
Cardano (Smart Contract Coin)0.3012.4%32-83-88-87
Solana (Smart Contract Coin)17.1811.9%39-83-88-87
DogeCoin (Memecoin)0.079.2%42-83-88-87
XRP (Smart Contract Coin)0.504.1%5875-41-12
Cosmos (Smart Contract Coin)9.333.8%35-83-88-87
BNB Chain Native Token (Smart Contract Coin)244.711.7%29-92-3-24

Secondary coins also rallied on the week from an oversold position, with weekly gains of 15.6% in Decentraland, 15.1% in Polkadot, 14.8% in Monero, and 14.2% in Stellar and Polygon. Secondary coins generally encounter short term downtrends or short term resistance after rallies.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF42.14-1.2%-4.9%6242-88-56
Block Inc62.86-1.9%-5.5%59-33-92-78
Coinbase Global Inc Cl A61.476.9%10.6%50-75-92-88
Hive Blockchain Technologies Ltd4.157%28.9%72584750
Marathon Digital Hldgs Inc12.717.4%27.4%6292-88-44
Microstrategy Cl A329.110.6%12.2%6075-41-12
Riot Blockchain Inc11.603.2%11.5%5075018
Robinhood Markets Inc Cl A9.490.4%-5.4%640-88-66
Tesla Inc256.60-3%-1.5%7850-92-57

Crypto related equities had substantial rallies as major coins rallied. Hive rose by 28.9% and Marathon by 27.4%. They both tests the tops of their short term ranges.

6th December 2023

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28th November 2023

23rd November 2023

22nd November 2023

17th November 2023

15th November 2023

10th November 2023

Crypto Assets
Bitcoin and Ethereum enjoyed strong rallies during the week. Bitcoin rose 16%, testing the top of the short term range again. Ethereum also encounters some short term resistance but is below the top of the recent range.
Secondary coins also rallied on the week from an oversold position, with weekly gains of 15.6% in Decentraland, 15.1% in Polkadot, 14.8% in Monero, and 14.2% in Stellar and Polygon. Secondary coins generally encounter short term downtrends or short term resistance after rallies.
Crypto related equities had substantial rallies as major coins rallied. Hive rose by 28.9% and Marathon by 27.4%. They both test the tops of their short term ranges.

Headlines
Bitcoin’s rally was encouraged by the news that BlackRock signalled its intention to issue a Bitcoin ETF.

Independently Jerome Powell also remarked that Cryptos having staying power in a Financial Services hearing in Congress.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin30,675.462.5%4342.8616.5%6050012
Ethereum1,893.001%174.2810.1%53-420-10

Bitcoin and Ethereum enjoyed strong rallies during the week. Bitcoin rose 16%, testing the top of the short term range again. Ethereum also encounters some short term resistance but is below the top of the recent range.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Fantom (Smart Contract Coin)0.3116.3%38-75-88-85
Avalanche (Smart Contract Coin)13.3015%40-75-88-85
Polkadot (Cross Chain Coin)5.1015.1%45-83-92-90
Decentraland (Gaming Coin)0.3915.6%32-83-88-87
Polygon (Smart Contract Coin)0.6814.2%31-830-20
Monero (Privacy Coin)154.6814.8%53-83-47-56
Stellar (Privacy Coin)0.0914.2%50-83-92-90
Theta Token (Gaming Coin)0.7614.8%36-83-88-87
The Sandbox (Gaming Coin)0.4414.1%40-83-88-87
Near (Smart Contract Coin)1.3913.3%37-83-88-87
THORChain (Smart Contract Coin)0.9813.8%39-83-88-87
ChainLink (Cross Chain Coin)6.0713.5%42-83-88-87
Cardano (Smart Contract Coin)0.3012.4%32-83-88-87
Solana (Smart Contract Coin)17.1811.9%39-83-88-87
DogeCoin (Memecoin)0.079.2%42-83-88-87
XRP (Smart Contract Coin)0.504.1%5875-41-12
Cosmos (Smart Contract Coin)9.333.8%35-83-88-87
BNB Chain Native Token (Smart Contract Coin)244.711.7%29-92-3-24

Secondary coins also rallied on the week from an oversold position, with weekly gains of 15.6% in Decentraland, 15.1% in Polkadot, 14.8% in Monero, and 14.2% in Stellar and Polygon. Secondary coins generally encounter short term downtrends or short term resistance after rallies.