9th June 2024: Weekly Crypto Trends
Both Bitcoin and Ethereum encounter the tops of ranges.
Secondary coins generally go lower on the week with a notable exception in BNB which rallies by 15%, making new highs. On the negative side, Chainlink was down 11.4%. Fantom was down 9% and Thorchain down 8.6%.
Secondary coins maintain a split technical profile with 7 coins with positive trend scores and 11 with negative trend scores. However, within those with positive scores, several now form short term tops, including Solana, Near and Fantom, Near, Avalanche and Thorchain.
Crypto related equities were better on the week, with a rally of 11 in Hive and 8% in Coinbase. Both test the top of their short term ranges
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 69,342.59 | -2% | 1851.17 | 2.7% | 64 | 42 | 47 | 46 |
| Ethereum | 3,678.63 | -3.5% | -81.4 | -2.2% | 65 | 42 | 7 | 15 |
Both Bitcoin and Ethereum encounter the tops of ranges.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| BNB Chain Native Token (Smart Contract Coin) | 683.36 | 15.1% | 67 | 83 | 53 | 60 |
| Monero (Privacy Coin) | 154.15 | 3.9% | 71 | 8 | -92 | -67 |
| Cardano (Smart Contract Coin) | 0.45 | 0.5% | 50 | -83 | -41 | -51 |
| The Sandbox (Gaming Coin) | 0.43 | 0.6% | 52 | -83 | -88 | -87 |
| Solana (Smart Contract Coin) | 162.51 | -1.9% | 60 | 75 | 88 | 85 |
| Decentraland (Gaming Coin) | 0.44 | -1.8% | 52 | -83 | -88 | -87 |
| Cosmos (Smart Contract Coin) | 8.10 | -2.5% | 44 | -83 | -92 | -90 |
| XRP (Smart Contract Coin) | 0.50 | -3.6% | 45 | -83 | -41 | -51 |
| Polygon (Smart Contract Coin) | 0.67 | -4% | 47 | -83 | -88 | -87 |
| Polkadot (Cross Chain Coin) | 6.66 | -4.7% | 48 | -83 | -45 | -54 |
| Near (Smart Contract Coin) | 6.88 | -5.1% | 55 | 75 | 47 | 54 |
| Stellar (Privacy Coin) | 0.10 | -5.7% | 38 | -92 | -92 | -92 |
| DogeCoin (Memecoin) | 0.15 | -6.8% | 56 | 42 | 47 | 46 |
| Theta Token (Gaming Coin) | 2.00 | -6.4% | 49 | 0 | 47 | 36 |
| Avalanche (Smart Contract Coin) | 33.51 | -7.1% | 50 | -42 | 7 | -5 |
| THORChain (Smart Contract Coin) | 5.56 | -8.6% | 55 | -33 | 7 | -3 |
| Fantom (Smart Contract Coin) | 0.72 | -9% | 53 | 42 | 47 | 46 |
| ChainLink (Cross Chain Coin) | 16.33 | -11.4% | 60 | 8 | 7 | 7 |
Secondary coins generally go lower on the week with a notable exception in BNB which rallies by 15%, making new highs. On the negative side, Chainlink was down 11.4%. Fantom was down 9% and Thorchain down 8.6%.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 162.51 | -1.9% | 60 | 75 | 88 | 85 |
| BNB Chain Native Token (Smart Contract Coin) | 683.36 | 15.1% | 67 | 83 | 53 | 60 |
| Near (Smart Contract Coin) | 6.88 | -5.1% | 55 | 75 | 47 | 54 |
| Fantom (Smart Contract Coin) | 0.72 | -9% | 53 | 42 | 47 | 46 |
| DogeCoin (Memecoin) | 0.15 | -6.8% | 56 | 42 | 47 | 46 |
| Theta Token (Gaming Coin) | 2.00 | -6.4% | 49 | 0 | 47 | 36 |
| ChainLink (Cross Chain Coin) | 16.33 | -11.4% | 60 | 8 | 7 | 7 |
| THORChain (Smart Contract Coin) | 5.56 | -8.6% | 55 | -33 | 7 | -3 |
| Avalanche (Smart Contract Coin) | 33.51 | -7.1% | 50 | -42 | 7 | -5 |
| Cardano (Smart Contract Coin) | 0.45 | 0.5% | 50 | -83 | -41 | -51 |
| XRP (Smart Contract Coin) | 0.50 | -3.6% | 45 | -83 | -41 | -51 |
| Polkadot (Cross Chain Coin) | 6.66 | -4.7% | 48 | -83 | -45 | -54 |
| Monero (Privacy Coin) | 154.15 | 3.9% | 71 | 8 | -92 | -67 |
| Polygon (Smart Contract Coin) | 0.67 | -4% | 47 | -83 | -88 | -87 |
| Decentraland (Gaming Coin) | 0.44 | -1.8% | 52 | -83 | -88 | -87 |
| The Sandbox (Gaming Coin) | 0.43 | 0.6% | 52 | -83 | -88 | -87 |
| Cosmos (Smart Contract Coin) | 8.10 | -2.5% | 44 | -83 | -92 | -90 |
| Stellar (Privacy Coin) | 0.10 | -5.7% | 38 | -92 | -92 | -92 |
Secondary coins maintain a split technical profile with 7 coins with positive trend scores and 11 with negative trend scores. However, within those with positive scores, several now form short term tops, including Solana, Near and Fantom, Near, Avalanche and Thorchain.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 43.80 | -2.1% | 3.2% | 51 | -75 | -45 | -52 |
| Block Inc | 65.10 | -2% | 1.6% | 40 | -83 | -45 | -54 |
| Coinbase Global Inc Cl A | 244.16 | -5% | 8.1% | 58 | 42 | 43 | 43 |
| Hive Blockchain Technologies Ltd | 2.80 | -5.7% | 11.1% | 56 | -75 | -45 | -52 |
| Marathon Digital Hldgs Inc | 19.27 | -7.4% | -1.3% | 57 | 8 | 7 | 7 |
| Microstrategy Cl A | 1,596.20 | -3.6% | 4.7% | 64 | 75 | 88 | 85 |
| Riot Blockchain Inc | 9.72 | -4.3% | -0.2% | 48 | -75 | -88 | -85 |
| Robinhood Markets Inc Cl A | 22.18 | -3.4% | 6.1% | 65 | 92 | 7 | 28 |
| Tesla Inc | 177.48 | -0.3% | -0.3% | 47 | -75 | -92 | -88 |
Crypto related equities were better on the week, with a rally of 11 in Hive and 8% in Coinbase. Both test the top of their short term ranges.