View Daily Crypto Trends

8th July 2024: Weekly Crypto Trends

Bitcoin and Ethereum had very sharp weekly falls of 6.1% and 11.6% respectively on the week, both breaking short term supports. Bitcoin has support at 50000, while Etherereum has support at 2700, and possibly 2850.

Secondary coins were also very weak, with a fall of 21% in Fantom and 15% in Polygon, Cosmos and Theta. Several coins makes new short term lows, including Avalanche, Cardano, Cosmos, Polgon, Ripple and Thorchain. Solana tests support at 125.

Crypto related equities were mixed, with Hive up 8.4% and Microstrategy down 7%; the latter forms a short term top.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin56,662.37-0.6%-3657.76-6.1%3304736
Ethereum2,981.60-2.4%-392.04-11.6%282549

Bitcoin and Ethereum had very sharp weekly falls of 6.1% and 11.6% respectively on the week, both breaking short term supports. Bitcoin has support at 50000, while Etherereum has support at 2700, and possibly 2850.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)134.37-3.8%3808866
Stellar (Privacy Coin)0.09-5.9%29-92-95-94
Monero (Privacy Coin)155.19-7.4%5642-45-23
Polkadot (Cross Chain Coin)5.67-8.2%35-75-45-52
Avalanche (Smart Contract Coin)25.13-9.9%31-757-13
Cardano (Smart Contract Coin)0.35-9.2%31-83-41-51
XRP (Smart Contract Coin)0.43-9.6%30-92-91-91
Near (Smart Contract Coin)4.42-10.9%29-84532
ChainLink (Cross Chain Coin)12.31-10.6%27-924-19
BNB Chain Native Token (Smart Contract Coin)498.00-12.1%39334744
THORChain (Smart Contract Coin)3.36-14.4%20-1004-21
DogeCoin (Memecoin)0.11-14%25-424-7
Decentraland (Gaming Coin)0.29-14.3%25-92-91-91
Cosmos (Smart Contract Coin)5.71-15%23-100-95-96
Polygon (Smart Contract Coin)0.47-15.2%24-100-91-93
Theta Token (Gaming Coin)1.27-15.5%26-834-17
The Sandbox (Gaming Coin)0.28-16.4%27-92-91-91
Fantom (Smart Contract Coin)0.42-21.4%27-504-9

Secondary coins were also very weak, with a fall of 21% in Fantom and 15% in Polygon, Cosmos and Theta. Several coins makes new short term lows, including Avalanche, Cardano, Cosmos, Polgon, Ripple and Thorchain. Solana tests support at 125.

Trend score – best to worst

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana (Smart Contract Coin)134.37-3.8%3808866
BNB Chain Native Token (Smart Contract Coin)498.00-12.1%39334744
Near (Smart Contract Coin)4.42-10.9%29-84532
DogeCoin (Memecoin)0.11-14%25-424-7
Fantom (Smart Contract Coin)0.42-21.4%27-504-9
Avalanche (Smart Contract Coin)25.13-9.9%31-757-13
Theta Token (Gaming Coin)1.27-15.5%26-834-17
ChainLink (Cross Chain Coin)12.31-10.6%27-924-19
THORChain (Smart Contract Coin)3.36-14.4%20-1004-21
Monero (Privacy Coin)155.19-7.4%5642-45-23
Cardano (Smart Contract Coin)0.35-9.2%31-83-41-51
Polkadot (Cross Chain Coin)5.67-8.2%35-75-45-52
XRP (Smart Contract Coin)0.43-9.6%30-92-91-91
Decentraland (Gaming Coin)0.29-14.3%25-92-91-91
The Sandbox (Gaming Coin)0.28-16.4%27-92-91-91
Polygon (Smart Contract Coin)0.47-15.2%24-100-91-93
Stellar (Privacy Coin)0.09-5.9%29-92-95-94
Cosmos (Smart Contract Coin)5.71-15%23-100-95-96

The trend profile of Secondary coins has deteriorated sharply with recent new lows, leaving only Monero with a positive short term trend score, the rest all being negative. In the medium term, Solana, BNB and Near retain positive trend scores.