23rd June 2024: Weekly Crypto Trends
Bitcoin was down 2.9% on week, while Ethereum was up 1%. Bitcoin breaks short term support at 65000. Ethereum trades sideways short term, support at 32500.
Secondary coins were down on the week except for Ripple which managed gain of 3.1%. Otherwise falls ranges between 3% and 13%, continuing recent down moves. Technically, Solana approaches short term support at 125, while Fantom, Near and Thorchain find some short term support. Avalanche makes new short term low, as do Cardano, Cosmos, Polkadot and Gaming coins.
The trend characteristics of the Secondary coins continues to deteriorate, with only two maintainsing positive short term trend scores, namely BNB and Monero.. Four coins maintains medium term positive scores, BNB, Near, Fantom, Solana.
Crypto related equities were generally lower on the week, with falls of 7.6% in Coinbase and 9.3% in Riot. Coinbase continues to threaten short term top, while Microstrategy has found some support at 1400, but also has potential top.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 64,096.20 | -1.1% | -1914.9 | -2.9% | 46 | 42 | 47 | 46 |
| Ethereum | 3,516.08 | 0.1% | 35.8 | 1% | 61 | 75 | 7 | 23 |
Bitcoin was down 2.9% on week, while Ethereum was up 1%. Bitcoin breaks short term support at 65000. Ethereum trades sideways short term, support at 32500.
Ratio Chart
The Bitcoin/Ethereum ratio dips down again.
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| XRP (Smart Contract Coin) | 0.49 | 3.1% | 42 | -75 | -41 | -49 |
| BNB Chain Native Token (Smart Contract Coin) | 585.91 | -2.9% | 50 | 75 | 47 | 54 |
| Near (Smart Contract Coin) | 5.41 | -3.2% | 31 | 0 | 47 | 36 |
| Polygon (Smart Contract Coin) | 0.57 | -3.9% | 38 | -92 | -88 | -89 |
| Cosmos (Smart Contract Coin) | 6.79 | -4.6% | 33 | -92 | -92 | -92 |
| Stellar (Privacy Coin) | 0.09 | -4.9% | 33 | -92 | -92 | -92 |
| Solana (Smart Contract Coin) | 134.59 | -5.9% | 40 | 0 | 88 | 66 |
| ChainLink (Cross Chain Coin) | 13.86 | -6% | 50 | -75 | 7 | -13 |
| Monero (Privacy Coin) | 160.20 | -6.1% | 61 | 42 | -92 | -59 |
| Fantom (Smart Contract Coin) | 0.57 | -7.2% | 39 | -33 | 47 | 28 |
| Cardano (Smart Contract Coin) | 0.38 | -8.7% | 35 | -92 | -41 | -53 |
| DogeCoin (Memecoin) | 0.12 | -8.1% | 37 | -33 | 7 | -3 |
| Avalanche (Smart Contract Coin) | 27.45 | -9.4% | 38 | -92 | 7 | -17 |
| Polkadot (Cross Chain Coin) | 5.61 | -9% | 36 | -92 | -45 | -56 |
| Theta Token (Gaming Coin) | 1.50 | -9.4% | 36 | -33 | 7 | -3 |
| THORChain (Smart Contract Coin) | 4.21 | -10% | 34 | -83 | 7 | -15 |
| The Sandbox (Gaming Coin) | 0.33 | -12.4% | 35 | -92 | -88 | -89 |
| Decentraland (Gaming Coin) | 0.33 | -13.4% | 35 | -92 | -88 | -89 |
Secondary coins were down on the week except for Ripple which managed gain of 3.1%. Otherwise falls ranges between 3% and 13%, continuing recent down moves. Technically, Solana approaches short term support at 125, while Fantom, Near and Thorchain find some short term support. Avalanche makes new short term low, as do Cardano, Cosmos, Polkadot and Gaming coins.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 134.59 | -5.9% | 40 | 0 | 88 | 66 |
| BNB Chain Native Token (Smart Contract Coin) | 585.91 | -2.9% | 50 | 75 | 47 | 54 |
| Near (Smart Contract Coin) | 5.41 | -3.2% | 31 | 0 | 47 | 36 |
| Fantom (Smart Contract Coin) | 0.57 | -7.2% | 39 | -33 | 47 | 28 |
| DogeCoin (Memecoin) | 0.12 | -8.1% | 37 | -33 | 7 | -3 |
| Theta Token (Gaming Coin) | 1.50 | -9.4% | 36 | -33 | 7 | -3 |
| ChainLink (Cross Chain Coin) | 13.86 | -6% | 50 | -75 | 7 | -13 |
| THORChain (Smart Contract Coin) | 4.21 | -10% | 34 | -83 | 7 | -15 |
| Avalanche (Smart Contract Coin) | 27.45 | -9.4% | 38 | -92 | 7 | -17 |
| XRP (Smart Contract Coin) | 0.49 | 3.1% | 42 | -75 | -41 | -49 |
| Cardano (Smart Contract Coin) | 0.38 | -8.7% | 35 | -92 | -41 | -53 |
| Polkadot (Cross Chain Coin) | 5.61 | -9% | 36 | -92 | -45 | -56 |
| Monero (Privacy Coin) | 160.20 | -6.1% | 61 | 42 | -92 | -59 |
| Polygon (Smart Contract Coin) | 0.57 | -3.9% | 38 | -92 | -88 | -89 |
| Decentraland (Gaming Coin) | 0.33 | -13.4% | 35 | -92 | -88 | -89 |
| The Sandbox (Gaming Coin) | 0.33 | -12.4% | 35 | -92 | -88 | -89 |
| Cosmos (Smart Contract Coin) | 6.79 | -4.6% | 33 | -92 | -92 | -92 |
| Stellar (Privacy Coin) | 0.09 | -4.9% | 33 | -92 | -92 | -92 |
The trend characteristics of the Secondary coins continues to deteriorate, with only two maintaining positive short term trend scores, namely BNB and Monero.. Four coins maintains medium term positive scores, BNB, Near, Fantom, Solana.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 43.32 | -0.1% | -1.3% | 47 | -75 | -45 | -52 |
| Block Inc | 62.97 | 0.4% | 1.3% | 35 | -75 | -45 | -52 |
| Coinbase Global Inc Cl A | 225.86 | -3.9% | -7.6% | 56 | 75 | 43 | 51 |
| Hive Blockchain Technologies Ltd | 3.08 | -8.3% | 5.1% | 62 | 0 | -41 | -31 |
| Marathon Digital Hldgs Inc | 19.21 | -7% | -1.3% | 55 | 8 | 7 | 7 |
| Microstrategy Cl A | 1,483.76 | 1.3% | -0.8% | 57 | 75 | 88 | 85 |
| Riot Blockchain Inc | 9.55 | -8.3% | -9.3% | 50 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 22.29 | 2.6% | -0.6% | 64 | 75 | 47 | 54 |
| Tesla Inc | 183.01 | 0.8% | 2.8% | 56 | -33 | -92 | -78 |
Crypto related equities were generally lower on the week, with falls of 7.6% in Coinbase and 9.3% in Riot. Coinbase continues to threaten short term top, while Microstrategy has found some support at 1400, but also has potential top.