29th January 2024: Weekly Crypto Trends
Bitcoin was unchanged on the week having fallen to short term support at 39000 during the week. Ethereum was lower by 9%, correcting to some support at 2200
Secondary coins were generally lower on the week, with Chainlink down 11.5% followed by The Sandbox at 7.2% and BNB at 3.8%. Weaker stocks have lost short term uptrends, including Polygon, Monero and Doge. Selected other coins such as Avalanche, Thorchain, Cosmos find short term supports.
Crypto related equities finally rallied after sustained weakness, with rallies of 10.7% in Marathon Digital and Riot. Both find short term supports.
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 41,816.87 | 4.7% | 198.47 | 0.5% | 47 | 42 | 47 | 46 |
| Ethereum | 2,267.20 | 2.2% | -222.3 | -8.9% | 52 | 42 | 7 | 15 |
Bitcoin was unchanged on the week having fallen to short term support at 39000 during the week. Ethereum was lower by 9%, correcting to some support at 2200
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 4.34 | 3.4% | 40 | 0 | 47 | 36 |
| Stellar (Privacy Coin) | 0.12 | 1.7% | 46 | -33 | -45 | -42 |
| DogeCoin (Memecoin) | 0.08 | 1.7% | 39 | -33 | -41 | -39 |
| Cosmos (Smart Contract Coin) | 9.63 | -0.7% | 44 | 8 | -88 | -64 |
| Fantom (Smart Contract Coin) | 0.36 | 0.2% | 43 | 42 | -41 | -20 |
| Polygon (Smart Contract Coin) | 0.76 | -0.3% | 49 | -33 | -88 | -74 |
| Monero (Privacy Coin) | 159.44 | 0.8% | 43 | -33 | -41 | -39 |
| Avalanche (Smart Contract Coin) | 32.28 | -1.1% | 38 | 75 | 0 | 18 |
| Solana (Smart Contract Coin) | 92.44 | -1% | 54 | 75 | 88 | 85 |
| Near (Smart Contract Coin) | 2.92 | -2.7% | 51 | 75 | -41 | -12 |
| XRP (Smart Contract Coin) | 0.53 | -2.2% | 37 | -33 | 7 | -3 |
| Polkadot (Cross Chain Coin) | 6.67 | -2.9% | 49 | 75 | -45 | -15 |
| Theta Token (Gaming Coin) | 0.98 | -2.3% | 47 | 8 | -41 | -29 |
| BNB Chain Native Token (Smart Contract Coin) | 302.32 | -3.8% | 60 | 42 | -41 | -20 |
| Cardano (Smart Contract Coin) | 0.49 | -3.5% | 40 | 75 | -41 | -12 |
| Decentraland (Gaming Coin) | 0.45 | -3.6% | 45 | 8 | -88 | -64 |
| The Sandbox (Gaming Coin) | 0.45 | -7.2% | 45 | 8 | -88 | -64 |
| ChainLink (Cross Chain Coin) | 14.20 | -11.5% | 50 | 75 | 47 | 54 |
Secondary coins were generally lower on the week, with Chainlink down 11.5% followed by The Sandbox at 7.2% and BNB at 3.8%. Weaker stocks have lost short term uptrends, including Polygon, Monero and Doge. Selected other coins such as Avalanche, Thorchain Cosmos find short term supports.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 92.44 | -1% | 54 | 75 | 88 | 85 |
| ChainLink (Cross Chain Coin) | 14.20 | -11.5% | 50 | 75 | 47 | 54 |
| THORChain (Smart Contract Coin) | 4.34 | 3.4% | 40 | 0 | 47 | 36 |
| Avalanche (Smart Contract Coin) | 32.28 | -1.1% | 38 | 75 | 0 | 18 |
| XRP (Smart Contract Coin) | 0.53 | -2.2% | 37 | -33 | 7 | -3 |
| Near (Smart Contract Coin) | 2.92 | -2.7% | 51 | 75 | -41 | -12 |
| Cardano (Smart Contract Coin) | 0.49 | -3.5% | 40 | 75 | -41 | -12 |
| Polkadot (Cross Chain Coin) | 6.67 | -2.9% | 49 | 75 | -45 | -15 |
| BNB Chain Native Token (Smart Contract Coin) | 302.32 | -3.8% | 60 | 42 | -41 | -20 |
| Fantom (Smart Contract Coin) | 0.36 | 0.2% | 43 | 42 | -41 | -20 |
| Theta Token (Gaming Coin) | 0.98 | -2.3% | 47 | 8 | -41 | -29 |
| Monero (Privacy Coin) | 159.44 | 0.8% | 43 | -33 | -41 | -39 |
| DogeCoin (Memecoin) | 0.08 | 1.7% | 39 | -33 | -41 | -39 |
| Stellar (Privacy Coin) | 0.12 | 1.7% | 46 | -33 | -45 | -42 |
| Cosmos (Smart Contract Coin) | 9.63 | -0.7% | 44 | 8 | -88 | -64 |
| Decentraland (Gaming Coin) | 0.45 | -3.6% | 45 | 8 | -88 | -64 |
| The Sandbox (Gaming Coin) | 0.45 | -7.2% | 45 | 8 | -88 | -64 |
| Polygon (Smart Contract Coin) | 0.76 | -0.3% | 49 | -33 | -88 | -74 |