27th May 2024: Weekly Crypto Trends
Bitcoin was up 2% on the week but Ethereum had stellar 20% rally on ETF news. It now tests the top of the short term range.
The Bitcoin/Ethereum ratio unwinds sharply to mid-range.
Secondary coins were mixed on the week, but Chainlink saw a gain of 6.1% and Dogecoin 5.3%
Coinbase had a 14.5% rally on the week, followed by Marathon with a gain of 9%. Coinbase reasserts uptrend, while Marathon is mid-range.
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 68,526.10 | 0.9% | 1474.22 | 2.2% | 58 | 42 | 47 | 46 |
| Ethereum | 3,726.93 | -1.3% | 632.82 | 20.5% | 65 | 8 | 7 | 7 |
Bitcoin was up 2% on the week but Ethereum had stellar 20% rally on ETF news. It now tests the top of the short term range.
The Bitcoin/Ethereum ratio unwinds sharply to mid-range.
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| ChainLink (Cross Chain Coin) | 17.25 | 6.1% | 64 | -33 | 7 | -3 |
| DogeCoin (Memecoin) | 0.16 | 5.3% | 55 | 42 | 47 | 46 |
| Avalanche (Smart Contract Coin) | 37.99 | 4.3% | 56 | -33 | 7 | -3 |
| Monero (Privacy Coin) | 141.01 | 4.5% | 68 | -33 | -92 | -78 |
| Decentraland (Gaming Coin) | 0.45 | 4.2% | 55 | -75 | -41 | -49 |
| Theta Token (Gaming Coin) | 2.33 | 4.7% | 57 | 42 | 47 | 46 |
| BNB Chain Native Token (Smart Contract Coin) | 600.23 | 3.3% | 60 | 75 | 47 | 54 |
| XRP (Smart Contract Coin) | 0.54 | 2.3% | 57 | -75 | 7 | -13 |
| Fantom (Smart Contract Coin) | 0.80 | 1.1% | 57 | 75 | 47 | 54 |
| Polygon (Smart Contract Coin) | 0.72 | 1.3% | 55 | -75 | -88 | -85 |
| Stellar (Privacy Coin) | 0.11 | 1.3% | 52 | -75 | -92 | -88 |
| Polkadot (Cross Chain Coin) | 7.24 | 0.7% | 56 | -33 | -45 | -42 |
| The Sandbox (Gaming Coin) | 0.45 | -0.2% | 53 | -83 | -88 | -87 |
| Near (Smart Contract Coin) | 7.91 | -1.6% | 64 | 75 | 47 | 54 |
| Solana (Smart Contract Coin) | 167.80 | -1% | 60 | 75 | 88 | 85 |
| Cosmos (Smart Contract Coin) | 8.45 | -2.4% | 54 | -83 | -92 | -90 |
| THORChain (Smart Contract Coin) | 6.52 | -4.4% | 62 | -33 | 47 | 28 |
| Cardano (Smart Contract Coin) | 0.46 | -4.7% | 52 | -83 | -41 | -51 |
Secondary coins were mixed on the week, but Chainlink saw a gain of 6.1% and Dogecoin 5.3%.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 167.80 | -1% | 60 | 75 | 88 | 85 |
| BNB Chain Native Token (Smart Contract Coin) | 600.23 | 3.3% | 60 | 75 | 47 | 54 |
| Near (Smart Contract Coin) | 7.91 | -1.6% | 64 | 75 | 47 | 54 |
| Fantom (Smart Contract Coin) | 0.80 | 1.1% | 57 | 75 | 47 | 54 |
| DogeCoin (Memecoin) | 0.16 | 5.3% | 55 | 42 | 47 | 46 |
| Theta Token (Gaming Coin) | 2.33 | 4.7% | 57 | 42 | 47 | 46 |
| THORChain (Smart Contract Coin) | 6.52 | -4.4% | 62 | -33 | 47 | 28 |
| Avalanche (Smart Contract Coin) | 37.99 | 4.3% | 56 | -33 | 7 | -3 |
| ChainLink (Cross Chain Coin) | 17.25 | 6.1% | 64 | -33 | 7 | -3 |
| XRP (Smart Contract Coin) | 0.54 | 2.3% | 57 | -75 | 7 | -13 |
| Polkadot (Cross Chain Coin) | 7.24 | 0.7% | 56 | -33 | -45 | -42 |
| Decentraland (Gaming Coin) | 0.45 | 4.2% | 55 | -75 | -41 | -49 |
| Cardano (Smart Contract Coin) | 0.46 | -4.7% | 52 | -83 | -41 | -51 |
| Monero (Privacy Coin) | 141.01 | 4.5% | 68 | -33 | -92 | -78 |
| Polygon (Smart Contract Coin) | 0.72 | 1.3% | 55 | -75 | -88 | -85 |
| The Sandbox (Gaming Coin) | 0.45 | -0.2% | 53 | -83 | -88 | -87 |
| Stellar (Privacy Coin) | 0.11 | 1.3% | 52 | -75 | -92 | -88 |
| Cosmos (Smart Contract Coin) | 8.45 | -2.4% | 54 | -83 | -92 | -90 |
The trend profile of the Secondary coins is still mixed, with 7 coins having a positive medium term trend score and 11 a negative score
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 44.38 | 1.8% | -2.4% | 53 | -75 | -45 | -52 |
| Block Inc | 66.34 | -0.4% | -8.2% | 43 | -42 | -45 | -44 |
| Coinbase Global Inc Cl A | 237.65 | 8.6% | 14.5% | 55 | 42 | 43 | 43 |
| Hive Blockchain Technologies Ltd | 2.63 | 5.6% | 8.2% | 51 | -75 | -45 | -52 |
| Marathon Digital Hldgs Inc | 21.21 | 5.6% | 9% | 62 | 8 | 7 | 7 |
| Microstrategy Cl A | 1,684.84 | 9.1% | 6.3% | 62 | 75 | 88 | 85 |
| Riot Blockchain Inc | 10.37 | 4% | 3.1% | 59 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 20.51 | 6.6% | 2.1% | 60 | 75 | -41 | -12 |
| Tesla Inc | 179.24 | 3.2% | 1% | 58 | -75 | -92 | -88 |
Coinbase had a 14.5% rally on the week, followed by marathon with a gain of 9%. Coinbase reasserts uptrend, while Marathon is mid-range.