16th June 2024: Weekly Crypto Trends
Bitcoin and Ethereum were down on the week by around 5%. Bitcoin has short term support at 66000, Ethereum at 3250.
Secondary coins had a poor week, with falls of 10-20%. Several coins now test the bottom of recent ranges, including Cardano, Cosmos, Fantom, Polkadot and Decentraland. Polygon and Stellar makes new short term lows, while Monero encounters the top of the short term range.
There was further trend deterioration last week, with only 4 Secondary coins maintaining short term uptrends, with the majority reasserting downtrends and testing or breaking short term supports.
Crypto related equities were mixed on the week, with a rise of 8.3% in Riot and 4.6% in Hive, and falls of 6.3% in Microstrategy and 4.5% in Block. Marathon may now be forming short term top.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 66,011.09 | -1.1% | -3331.49 | -4.8% | 56 | 42 | 47 | 46 |
| Ethereum | 3,480.27 | 0.3% | -198.36 | -5.4% | 60 | 42 | 7 | 15 |
Bitcoin and Ethereum were down on the week by around 5%. Bitcoin has short term support at 66000, Ethereum at 3250.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Monero (Privacy Coin) | 170.57 | 10.7% | 69 | 42 | -92 | -59 |
| Stellar (Privacy Coin) | 0.10 | -3.5% | 39 | -92 | -92 | -92 |
| XRP (Smart Contract Coin) | 0.47 | -4.9% | 39 | -92 | -41 | -53 |
| Polkadot (Cross Chain Coin) | 6.16 | -7.4% | 42 | -92 | -45 | -56 |
| Cardano (Smart Contract Coin) | 0.41 | -8.4% | 43 | -92 | -41 | -53 |
| Avalanche (Smart Contract Coin) | 30.29 | -9.6% | 44 | -83 | 7 | -15 |
| ChainLink (Cross Chain Coin) | 14.74 | -9.7% | 53 | -33 | 7 | -3 |
| DogeCoin (Memecoin) | 0.13 | -9% | 47 | 0 | 7 | 5 |
| BNB Chain Native Token (Smart Contract Coin) | 603.18 | -11.7% | 52 | 75 | 47 | 54 |
| Polygon (Smart Contract Coin) | 0.59 | -11.4% | 41 | -92 | -88 | -89 |
| Solana (Smart Contract Coin) | 143.09 | -11.9% | 50 | 42 | 88 | 77 |
| Cosmos (Smart Contract Coin) | 7.11 | -12.2% | 33 | -92 | -92 | -92 |
| Decentraland (Gaming Coin) | 0.38 | -12.1% | 44 | -92 | -88 | -89 |
| The Sandbox (Gaming Coin) | 0.38 | -12.9% | 43 | -92 | -88 | -89 |
| Fantom (Smart Contract Coin) | 0.62 | -14.4% | 48 | 0 | 47 | 36 |
| THORChain (Smart Contract Coin) | 4.67 | -15.9% | 43 | -42 | 7 | -5 |
| Theta Token (Gaming Coin) | 1.66 | -16.9% | 39 | -33 | 47 | 28 |
| Near (Smart Contract Coin) | 5.58 | -18.8% | 42 | 42 | 47 | 46 |
Secondary coins had a poor week, with falls of 10-20%. several coins now test the bottom of recent ranges, including Cardano, Cosmos, Fantom, Polkadot and Decentraland. Polygon and Stellar makes new short term lows, while Monero encounters the top of the short term range.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 143.09 | -11.9% | 50 | 42 | 88 | 77 |
| BNB Chain Native Token (Smart Contract Coin) | 603.18 | -11.7% | 52 | 75 | 47 | 54 |
| Near (Smart Contract Coin) | 5.58 | -18.8% | 42 | 42 | 47 | 46 |
| Fantom (Smart Contract Coin) | 0.62 | -14.4% | 48 | 0 | 47 | 36 |
| Theta Token (Gaming Coin) | 1.66 | -16.9% | 39 | -33 | 47 | 28 |
| DogeCoin (Memecoin) | 0.13 | -9% | 47 | 0 | 7 | 5 |
| ChainLink (Cross Chain Coin) | 14.74 | -9.7% | 53 | -33 | 7 | -3 |
| THORChain (Smart Contract Coin) | 4.67 | -15.9% | 43 | -42 | 7 | -5 |
| Avalanche (Smart Contract Coin) | 30.29 | -9.6% | 44 | -83 | 7 | -15 |
| Cardano (Smart Contract Coin) | 0.41 | -8.4% | 43 | -92 | -41 | -53 |
| XRP (Smart Contract Coin) | 0.47 | -4.9% | 39 | -92 | -41 | -53 |
| Polkadot (Cross Chain Coin) | 6.16 | -7.4% | 42 | -92 | -45 | -56 |
| Monero (Privacy Coin) | 170.57 | 10.7% | 69 | 42 | -92 | -59 |
| Polygon (Smart Contract Coin) | 0.59 | -11.4% | 41 | -92 | -88 | -89 |
| Decentraland (Gaming Coin) | 0.38 | -12.1% | 44 | -92 | -88 | -89 |
| The Sandbox (Gaming Coin) | 0.38 | -12.9% | 43 | -92 | -88 | -89 |
| Cosmos (Smart Contract Coin) | 7.11 | -12.2% | 33 | -92 | -92 | -92 |
| Stellar (Privacy Coin) | 0.10 | -3.5% | 39 | -92 | -92 | -92 |
There was further trend deterioration last week, with only 4 Secondary coins maintaining short term uptrends, with the majority reasserting downtrends and testing or breaking short term supports.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 43.87 | -1.1% | 0.2% | 45 | -75 | -45 | -52 |
| Block Inc | 62.15 | -0.3% | -4.5% | 32 | -83 | -45 | -54 |
| Coinbase Global Inc Cl A | 244.50 | -1.3% | 0.1% | 57 | 75 | 47 | 54 |
| Hive Blockchain Technologies Ltd | 2.93 | -7.9% | 4.6% | 63 | -75 | -41 | -49 |
| Marathon Digital Hldgs Inc | 19.47 | -2.7% | 1% | 48 | 8 | 7 | 7 |
| Microstrategy Cl A | 1,495.54 | 0.8% | -6.3% | 57 | 75 | 88 | 85 |
| Riot Blockchain Inc | 10.53 | -4.1% | 8.3% | 52 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 22.42 | -3.8% | 1.1% | 61 | 75 | 7 | 23 |
| Tesla Inc | 178.01 | -2.4% | 0.3% | 50 | -75 | -92 | -88 |
Crypto related equities were mixed on the week, with a rise of 8.3% in Riot and 4.6% in Hive, and falls of 6.3% in Microstrategy and 4.5% in Block. Marathon may now be forming short term top.