6th April 2024: Weekly Crypto Trends
Bitcoin was down on the week by 2.9%, but finds short term uptrend. Ethereum fell by 5.5% but finds short term support above 3150.
Ethereum is breaks top of range versus Bitcoin.
Secondary coins fell sharply on the week. Fantom fell by 18.6%, followed by Dogecoin at 16.9% and Thorchain at 14.8%. Near was the winner on the week and reasserts uptrend after finding support at 6.5.
Several coins test short term supports including Thorchain, Theta, Chainlink and Decentraland. About half of the Secondary coins have lost their positive short term trend scores.
About half of the Secondary coins have lost their positive short term trend scores. Thorchain and Solana have the best overall trend scores at 85, followed by Fantom at 54. Just over half Secondary coins have positive Overall Trend Scores.
Crypto related equities were down sharply on the week, with falls of 18.4% in Marathon, 16.7% in Riot and 15.6% in Microstrategy.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 67,837.64 | -1% | -2055.19 | -2.9% | 54 | 42 | 47 | 46 |
| Ethereum | 3,318.89 | -0.3% | -192.92 | -5.5% | 49 | 0 | 7 | 5 |
Bitcoin was down on the week by 2.9% but finds short term uptrend. Ethereum fell by 5.5% but Finds short term support above 3150.
Ethereum is still at top of range versus Bitcoin.
Ratio Chart
Ethereum is breaks top of range versus Bitcoin.
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Near (Smart Contract Coin) | 7.23 | 3.7% | 62 | 75 | 0 | 18 |
| Monero (Privacy Coin) | 126.76 | -4.3% | 47 | -75 | -92 | -88 |
| BNB Chain Native Token (Smart Contract Coin) | 578.97 | -5.5% | 61 | 75 | 7 | 23 |
| XRP (Smart Contract Coin) | 0.59 | -6.9% | 51 | 0 | 7 | 5 |
| ChainLink (Cross Chain Coin) | 17.35 | -8.7% | 44 | 8 | 7 | 7 |
| Solana (Smart Contract Coin) | 174.50 | -9.2% | 63 | 75 | 88 | 85 |
| Polygon (Smart Contract Coin) | 0.88 | -10.7% | 46 | 0 | -41 | -31 |
| Stellar (Privacy Coin) | 0.13 | -10.7% | 52 | 0 | -45 | -34 |
| Theta Token (Gaming Coin) | 2.59 | -11.6% | 58 | 75 | 0 | 18 |
| Polkadot (Cross Chain Coin) | 8.39 | -12.6% | 50 | 8 | -45 | -32 |
| Cosmos (Smart Contract Coin) | 10.91 | -13% | 48 | 0 | -41 | -31 |
| Cardano (Smart Contract Coin) | 0.57 | -13.5% | 47 | 8 | -41 | -29 |
| Decentraland (Gaming Coin) | 0.59 | -13.4% | 51 | 0 | -41 | -31 |
| THORChain (Smart Contract Coin) | 7.46 | -14.8% | 54 | 75 | 88 | 85 |
| Avalanche (Smart Contract Coin) | 45.38 | -15% | 54 | 42 | 47 | 46 |
| The Sandbox (Gaming Coin) | 0.60 | -15.7% | 52 | 0 | -41 | -31 |
| DogeCoin (Memecoin) | 0.18 | -16.9% | 59 | 75 | 7 | 23 |
| Fantom (Smart Contract Coin) | 0.80 | -18.6% | 62 | 75 | 47 | 54 |
Secondary coins fell sharply on the week. Fantom fell by 18.6%, followed by Dogecoin at 16.9% and Thorchain at 14.8%. Near was the winner on the week and reasserts uptrend after finding support at 6.5.
Several coins test short term supports including Thorchain, Theta, Chainlink and Decentraland. About half of the Secondary coins have lost their positive short term trend scores.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 7.46 | -14.8% | 54 | 75 | 88 | 85 |
| Solana (Smart Contract Coin) | 174.50 | -9.2% | 63 | 75 | 88 | 85 |
| Fantom (Smart Contract Coin) | 0.80 | -18.6% | 62 | 75 | 47 | 54 |
| Avalanche (Smart Contract Coin) | 45.38 | -15% | 54 | 42 | 47 | 46 |
| BNB Chain Native Token (Smart Contract Coin) | 578.97 | -5.5% | 61 | 75 | 7 | 23 |
| DogeCoin (Memecoin) | 0.18 | -16.9% | 59 | 75 | 7 | 23 |
| Near (Smart Contract Coin) | 7.23 | 3.7% | 62 | 75 | 0 | 18 |
| Theta Token (Gaming Coin) | 2.59 | -11.6% | 58 | 75 | 0 | 18 |
| ChainLink (Cross Chain Coin) | 17.35 | -8.7% | 44 | 8 | 7 | 7 |
| XRP (Smart Contract Coin) | 0.59 | -6.9% | 51 | 0 | 7 | 5 |
| Cardano (Smart Contract Coin) | 0.57 | -13.5% | 47 | 8 | -41 | -29 |
| Cosmos (Smart Contract Coin) | 10.91 | -13% | 48 | 0 | -41 | -31 |
| Polygon (Smart Contract Coin) | 0.88 | -10.7% | 46 | 0 | -41 | -31 |
| Decentraland (Gaming Coin) | 0.59 | -13.4% | 51 | 0 | -41 | -31 |
| The Sandbox (Gaming Coin) | 0.60 | -15.7% | 52 | 0 | -41 | -31 |
| Polkadot (Cross Chain Coin) | 8.39 | -12.6% | 50 | 8 | -45 | -32 |
| Stellar (Privacy Coin) | 0.13 | -10.7% | 52 | 0 | -45 | -34 |
| Monero (Privacy Coin) | 126.76 | -4.3% | 47 | -75 | -92 | -88 |
About half of the Secondary coins have lost their positive short term trend scores. Thorchain and Solana have the best overall trend scores at 85, followed by Fantom at 54. Just over half Secondary coins have positive Overall Trend Scores.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 47.12 | -0.3% | -5.9% | 35 | 8 | -45 | -32 |
| Block Inc | 77.17 | 3.3% | -8.8% | 49 | 8 | -45 | -32 |
| Coinbase Global Inc Cl A | 240.90 | -3.5% | -9.1% | 58 | 75 | 47 | 54 |
| Hive Blockchain Technologies Ltd | 3.18 | -0.6% | -5.6% | 31 | -75 | -41 | -49 |
| Marathon Digital Hldgs Inc | 18.43 | -0.2% | -18.4% | 32 | -33 | 7 | -3 |
| Microstrategy Cl A | 1,439.00 | -10.9% | -15.6% | 59 | 75 | 88 | 85 |
| Riot Blockchain Inc | 10.20 | 0.1% | -16.7% | 27 | -92 | 4 | -19 |
| Robinhood Markets Inc Cl A | 18.40 | -0.3% | -8.6% | 59 | 42 | -41 | -20 |
| Tesla Inc | 164.90 | -3.6% | -6.2% | 34 | -75 | -92 | -88 |
Crypto related equities were down sharply on the week, with falls of 18.4% in Marathon, 16.7% in Riot and 15.6% in Microstrategy.