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4th February 2024: Weekly Crypto Trends

Bitcoin advanced 3% on the week, while Ethereum rallied 1.8%. Both are mid short term range now
Secondary coins were mixed on the week, but there were sharp gains in Chainlink, up 25%, Avalanche up 13.7% and Solana up 8.7%. Chainlink tests the top of the short term range at 18, while Solana and Avalanche reassert short term uptrends.
Solana now has the best trend within Secondary coins, being in a medium term uptrend now. Chainlink is also in a medium term uptrend. Most coins have a negative score overall. Approximately half the coins maintain short term uptrends with positive trend scores.
Crypto related equities were generally up modestly after sharp recent declines. Microstrategy, Hive and Riot all broke short term uptrends on the decline and may now be short term range traders.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin43,185.860.3%1368.993.3%50424746
Ethereum2,308.040.2%40.841.8%4842715

Bitcoin advanced 3% on the week, while Ethereum rallied 1.8%. Both are mid short term range now.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
ChainLink (Cross Chain Coin)17.7925.3%53834756
Avalanche (Smart Contract Coin)36.7113.7%4475018
Solana (Smart Contract Coin)100.448.7%47758885
Polygon (Smart Contract Coin)0.805.2%36-33-88-74
Cardano (Smart Contract Coin)0.515.9%3875-41-12
Monero (Privacy Coin)168.655.8%47-33-41-39
Polkadot (Cross Chain Coin)6.944%3742-45-23
THORChain (Smart Contract Coin)4.411.6%3804736
Theta Token (Gaming Coin)1.001.7%36-33-41-39
BNB Chain Native Token (Smart Contract Coin)301.15-0.4%4342-41-20
Near (Smart Contract Coin)2.90-0.8%3575-41-12
Fantom (Smart Contract Coin)0.36-0.6%3642-41-20
DogeCoin (Memecoin)0.08-0.8%35-33-41-39
Decentraland (Gaming Coin)0.44-2.2%38-33-88-74
The Sandbox (Gaming Coin)0.44-2.3%34-33-88-74
Cosmos (Smart Contract Coin)9.16-4.9%32-33-88-74
XRP (Smart Contract Coin)0.51-4.1%29-924-19
Stellar (Privacy Coin)0.11-4.7%33-75-45-52

Secondary coins were mixed on the week, but there were sharp gains in Chainlink, up 25%, Avalanche up 13.7% and Solana up 8.7%. Chainlink tests the top of the short term range at 18, while Solana and Avalanche reassert short term uptrends.

Trend score – best to worst

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)100.448.7%47758885
ChainLink (Cross Chain Coin)17.7925.3%53834756
THORChain (Smart Contract Coin)4.411.6%3804736
Avalanche (Smart Contract Coin)36.7113.7%4475018
Near (Smart Contract Coin)2.90-0.8%3575-41-12
Cardano (Smart Contract Coin)0.515.9%3875-41-12
XRP (Smart Contract Coin)0.51-4.1%29-924-19
BNB Chain Native Token (Smart Contract Coin)301.15-0.4%4342-41-20
Fantom (Smart Contract Coin)0.36-0.6%3642-41-20
Polkadot (Cross Chain Coin)6.944%3742-45-23
Monero (Privacy Coin)168.655.8%47-33-41-39
DogeCoin (Memecoin)0.08-0.8%35-33-41-39
Theta Token (Gaming Coin)1.001.7%36-33-41-39
Stellar (Privacy Coin)0.11-4.7%33-75-45-52
Cosmos (Smart Contract Coin)9.16-4.9%32-33-88-74
Polygon (Smart Contract Coin)0.805.2%36-33-88-74
Decentraland (Gaming Coin)0.44-2.2%38-33-88-74
The Sandbox (Gaming Coin)0.44-2.3%34-33-88-74

Solana now has the best trend within Secondary coins, being in a medium term uptrend now. Chainlink is also in a medium term uptrend. Most coins have a negative score overall. Approximately half the coins maintain short term uptrends with positive trend scores.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF46.661.4%1.6%368-45-32
Block Inc67.881.8%4.5%398-92-67
Coinbase Global Inc Cl A129.220.2%3.2%3242-47
Hive Blockchain Technologies Ltd3.12-3.7%-6.6%31-427-5
Marathon Digital Hldgs Inc18.20-2.2%2%38754754
Microstrategy Cl A500.10-0.7%1.1%40-338858
Riot Blockchain Inc11.21-0.8%-1.2%31-33-41-39
Robinhood Markets Inc Cl A10.920.1%1.2%348-45-32
Tesla Inc187.91-0.5%2.5%21-92-95-94

Crypto related equities were generally up modestly after sharp recent declines. Microstrategy, Hive and Riot all broke short term uptrends on the decline and may now be short term range traders.