10th March 2024: Weekly Crypto Trends
Bitcoin and Ethereum make strong gains on the week to make new short term highs; both become short term overbought. Bitcoin tests previous 2021 highs, Ethereum tests resistance at 4000.
Secondary coins also have strong week, with standout gains in Fantom, up 68%, Theta up 49%, Near up 45% and Thorchain up nearly 26%. Cosmos, Fantom, BNB, Near, Polygon, Solana, Thorchain, Polkadot, Decentraland and Theta all make new short term highs.
All Secondary coins, except Monero are in short term uptrends, while 6 coins are also in medium term uptrends. Solana, Chainlink and Thorchain have strongest trends.
Crypto related equities were sharply split on the week but a wide range of performance. Microstrategy was up 32%, making new highs, while Coinbase was up making new short term highs. Marathon was down 13%, Riot down 14% and Hive down 11%.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 68,300.10 | 2.1% | 5859.46 | 9.4% | 80 | 50 | 53 | 52 |
| Ethereum | 3,892.06 | 0.5% | 457.01 | 13.3% | 88 | 58 | 9 | 21 |
Bitcoin and Ethereum make strong gains on the week to make new short term highs; both become short term overbought. Bitcoin tests previous 2021 highs, Ethereum tests resistance at 4000.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Fantom (Smart Contract Coin) | 0.82 | 68.1% | 85 | 92 | -41 | -8 |
| Theta Token (Gaming Coin) | 3.06 | 49.2% | 90 | 100 | -38 | -4 |
| Near (Smart Contract Coin) | 5.75 | 45.2% | 76 | 92 | -41 | -8 |
| THORChain (Smart Contract Coin) | 7.28 | 25.7% | 69 | 17 | 47 | 40 |
| Polkadot (Cross Chain Coin) | 10.67 | 23% | 77 | 25 | -45 | -28 |
| BNB Chain Native Token (Smart Contract Coin) | 488.09 | 19.7% | 79 | 25 | 9 | 13 |
| DogeCoin (Memecoin) | 0.17 | 18.5% | 77 | 50 | -41 | -18 |
| Cosmos (Smart Contract Coin) | 13.42 | 15.3% | 72 | 25 | -41 | -24 |
| Solana (Smart Contract Coin) | 145.24 | 11.7% | 71 | 58 | 88 | 81 |
| Stellar (Privacy Coin) | 0.14 | 11.7% | 69 | 8 | -45 | -32 |
| Polygon (Smart Contract Coin) | 1.13 | 10% | 67 | 8 | -41 | -29 |
| Decentraland (Gaming Coin) | 0.71 | 6.6% | 76 | 25 | -41 | -24 |
| XRP (Smart Contract Coin) | 0.62 | 3.3% | 67 | 0 | 7 | 5 |
| Monero (Privacy Coin) | 147.37 | 3.1% | 45 | -75 | -92 | -88 |
| The Sandbox (Gaming Coin) | 0.69 | 3.9% | 75 | 17 | -88 | -62 |
| Avalanche (Smart Contract Coin) | 42.74 | -0.3% | 62 | 42 | 47 | 46 |
| Cardano (Smart Contract Coin) | 0.72 | 0.8% | 69 | 8 | -41 | -29 |
| ChainLink (Cross Chain Coin) | 19.74 | -1.6% | 62 | 42 | 47 | 46 |
Secondary coins also have strong week, with standout gains in Fantom, up 68%, Theta up 49%, Near up 45% and Thorchain up nearly 26%. Cosmos, Fantom, BNB, Near, Polygon, Solana, Thorchain, Polkadot, Decentraland and Theta all make new short term highs.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 145.24 | 11.7% | 71 | 58 | 88 | 81 |
| Avalanche (Smart Contract Coin) | 42.74 | -0.3% | 62 | 42 | 47 | 46 |
| ChainLink (Cross Chain Coin) | 19.74 | -1.6% | 62 | 42 | 47 | 46 |
| THORChain (Smart Contract Coin) | 7.28 | 25.7% | 69 | 17 | 47 | 40 |
| BNB Chain Native Token (Smart Contract Coin) | 488.09 | 19.7% | 79 | 25 | 9 | 13 |
| XRP (Smart Contract Coin) | 0.62 | 3.3% | 67 | 0 | 7 | 5 |
| Theta Token (Gaming Coin) | 3.06 | 49.2% | 90 | 100 | -38 | -4 |
| Near (Smart Contract Coin) | 5.75 | 45.2% | 76 | 92 | -41 | -8 |
| Fantom (Smart Contract Coin) | 0.82 | 68.1% | 85 | 92 | -41 | -8 |
| DogeCoin (Memecoin) | 0.17 | 18.5% | 77 | 50 | -41 | -18 |
| Cosmos (Smart Contract Coin) | 13.42 | 15.3% | 72 | 25 | -41 | -24 |
| Decentraland (Gaming Coin) | 0.71 | 6.6% | 76 | 25 | -41 | -24 |
| Polkadot (Cross Chain Coin) | 10.67 | 23% | 77 | 25 | -45 | -28 |
| Polygon (Smart Contract Coin) | 1.13 | 10% | 67 | 8 | -41 | -29 |
| Cardano (Smart Contract Coin) | 0.72 | 0.8% | 69 | 8 | -41 | -29 |
| Stellar (Privacy Coin) | 0.14 | 11.7% | 69 | 8 | -45 | -32 |
| The Sandbox (Gaming Coin) | 0.69 | 3.9% | 75 | 17 | -88 | -62 |
| Monero (Privacy Coin) | 147.37 | 3.1% | 45 | -75 | -92 | -88 |
All Secondary coins, except Monero are in short term uptrends, while 6 coins are also in medium term uptrends. Solana, Chainlink and Thorchain have strongest trends.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 50.75 | 1% | -0.8% | 57 | 8 | -45 | -32 |
| Block Inc | 80.74 | 4.6% | 1.9% | 60 | 17 | -45 | -30 |
| Coinbase Global Inc Cl A | 256.62 | 5.8% | 24.7% | 76 | 92 | 0 | 22 |
| Hive Blockchain Technologies Ltd | 3.43 | 1.2% | -11.4% | 50 | 0 | 7 | 5 |
| Marathon Digital Hldgs Inc | 23.48 | 7.7% | -13% | 56 | 42 | 47 | 46 |
| Microstrategy Cl A | 1,425.59 | 9.7% | 32.1% | 74 | 100 | 93 | 95 |
| Riot Blockchain Inc | 12.35 | 3.2% | -14.5% | 52 | 0 | 7 | 5 |
| Robinhood Markets Inc Cl A | 17.00 | 3.9% | 2.5% | 79 | 25 | -45 | -28 |
| Tesla Inc | 175.34 | -1.9% | -13.5% | 43 | -92 | -92 | -92 |
Crypto related equities were sharply split on the week but a wide range of performance. Microstrategy was up 32%, making new highs, while Coinbase was up making new short term highs. Marathon was down 13%, Riot down 14% and Hive down 11%.