11th May 2024: Weekly Crypto Trends
Bitcoin was down 3.3% on the week, while Ethereum was down 6.2%. Ethereum has lost short term uptrend and next support is 2750.
Secondary coins were mixed on the week, with gains of 11.8% in Thorchain and 6.2% in Monero, but losses of 8.3% in Polygon and 7% in Polkadot. Near tests the top of the short term range, while Fantom Avalanche, Chainlink, Polkadot and Theta test the bottoms of ranges.
BNB, Near, Solana and Doge maintain short term uptrends, but Solana and Doge threaten short term tops. Of the 18 Secondary coins under review, 6 maintain positive total trend scores.
Crypto related equities were negative on the week despite a positive performance from Nasdaq. Coinbase tests short term uptrend, while Microsrategy maintains short term uptrend but threatens short term top. Riot and Hive reassert short term downtrends.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 60,792.78 | -3.6% | -2097.06 | -3.3% | 44 | 42 | 47 | 46 |
| Ethereum | 2,909.79 | -4.2% | -193.75 | -6.2% | 41 | -42 | 7 | -5 |
Bitcoin was down 3.3% on the week, while Ethereum was down 6.2%. Ethereum has lost short term uptrend and next support is 2750.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 5.95 | 11.8% | 41 | -33 | 47 | 28 |
| Monero (Privacy Coin) | 132.69 | 6.2% | 52 | -75 | -92 | -88 |
| Near (Smart Contract Coin) | 7.25 | 5.5% | 53 | 75 | 47 | 54 |
| Fantom (Smart Contract Coin) | 0.72 | 2.2% | 46 | 0 | 47 | 36 |
| Solana (Smart Contract Coin) | 146.22 | 1.7% | 39 | 42 | 88 | 77 |
| BNB Chain Native Token (Smart Contract Coin) | 585.62 | -0.2% | 53 | 75 | 47 | 54 |
| Cosmos (Smart Contract Coin) | 8.65 | -1.4% | 36 | -75 | -45 | -52 |
| DogeCoin (Memecoin) | 0.14 | -1.4% | 43 | 75 | 47 | 54 |
| ChainLink (Cross Chain Coin) | 13.57 | -3.8% | 36 | -33 | 7 | -3 |
| Cardano (Smart Contract Coin) | 0.45 | -4.1% | 37 | -75 | -41 | -49 |
| Stellar (Privacy Coin) | 0.11 | -4.9% | 37 | -83 | -45 | -54 |
| Theta Token (Gaming Coin) | 2.08 | -4.8% | 43 | 0 | 0 | 0 |
| Avalanche (Smart Contract Coin) | 33.71 | -5.3% | 37 | -33 | 7 | -3 |
| XRP (Smart Contract Coin) | 0.50 | -5.6% | 41 | -75 | 7 | -13 |
| The Sandbox (Gaming Coin) | 0.42 | -6.5% | 33 | -75 | -88 | -85 |
| Polkadot (Cross Chain Coin) | 6.75 | -7% | 38 | -33 | -45 | -42 |
| Decentraland (Gaming Coin) | 0.41 | -7.8% | 33 | -75 | -41 | -49 |
| Polygon (Smart Contract Coin) | 0.67 | -8.3% | 34 | -75 | -41 | -49 |
Secondary coins were mixed on the week, with gains of 11.8% in Thorchain and 6.2% in Monero, but losses of 8.3% in Polygon and 7% in Polkadot. Near tests the top of the short term range, while Fantom Avalanche, Chainlink, Polkadot and Theta test the bottoms of ranges.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 146.22 | 1.7% | 39 | 42 | 88 | 77 |
| BNB Chain Native Token (Smart Contract Coin) | 585.62 | -0.2% | 53 | 75 | 47 | 54 |
| Near (Smart Contract Coin) | 7.25 | 5.5% | 53 | 75 | 47 | 54 |
| DogeCoin (Memecoin) | 0.14 | -1.4% | 43 | 75 | 47 | 54 |
| Fantom (Smart Contract Coin) | 0.72 | 2.2% | 46 | 0 | 47 | 36 |
| THORChain (Smart Contract Coin) | 5.95 | 11.8% | 41 | -33 | 47 | 28 |
| Theta Token (Gaming Coin) | 2.08 | -4.8% | 43 | 0 | 0 | 0 |
| Avalanche (Smart Contract Coin) | 33.71 | -5.3% | 37 | -33 | 7 | -3 |
| ChainLink (Cross Chain Coin) | 13.57 | -3.8% | 36 | -33 | 7 | -3 |
| XRP (Smart Contract Coin) | 0.50 | -5.6% | 41 | -75 | 7 | -13 |
| Polkadot (Cross Chain Coin) | 6.75 | -7% | 38 | -33 | -45 | -42 |
| Polygon (Smart Contract Coin) | 0.67 | -8.3% | 34 | -75 | -41 | -49 |
| Cardano (Smart Contract Coin) | 0.45 | -4.1% | 37 | -75 | -41 | -49 |
| Decentraland (Gaming Coin) | 0.41 | -7.8% | 33 | -75 | -41 | -49 |
| Cosmos (Smart Contract Coin) | 8.65 | -1.4% | 36 | -75 | -45 | -52 |
| Stellar (Privacy Coin) | 0.11 | -4.9% | 37 | -83 | -45 | -54 |
| The Sandbox (Gaming Coin) | 0.42 | -6.5% | 33 | -75 | -88 | -85 |
| Monero (Privacy Coin) | 132.69 | 6.2% | 52 | -75 | -92 | -88 |
BNB, Near, Solana and Doge maintain short term uptrends, but Solana and Doge threaten short term tops. Of the 18 Secondary coins under review, 6 maintain positive total trend scores.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 42.92 | -2.8% | -5.6% | 39 | -75 | -45 | -52 |
| Block Inc | 71.31 | -2.6% | 2.6% | 43 | -33 | -45 | -42 |
| Coinbase Global Inc Cl A | 200.92 | -4.5% | -10% | 40 | 42 | 43 | 43 |
| Hive Blockchain Technologies Ltd | 2.36 | -0.8% | -3.3% | 29 | -100 | -47 | -60 |
| Marathon Digital Hldgs Inc | 17.16 | -12.7% | -2.1% | 45 | -33 | 7 | -3 |
| Microstrategy Cl A | 1,180.48 | -6.6% | -3.5% | 39 | 42 | 88 | 77 |
| Riot Blockchain Inc | 9.20 | -10.5% | -11.7% | 45 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 16.23 | -6.2% | -9.6% | 37 | 75 | -41 | -12 |
| Tesla Inc | 168.47 | -2% | -7% | 50 | -75 | -92 | -88 |
Crypto related equities were negative on the week despite a positive performance from Nasdaq. Coinbase tests short term uptrend, while Microsrategy maintains short term uptrend but threatens short term top. Riot and Hive reassert short term downtrends.