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.

Overall trend - highest to lowest

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.

 
 

CRYPTO RELATED ASSETS

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF45.950.7%4.6%57-42-45-44
Block Inc65.782.1%2%48-75-45-52
Coinbase Global Inc Cl A223.68-0.6%0.7%46754754
Hive Blockchain Technologies Ltd3.349.5%8.4%600-41-31
Marathon Digital Hldgs Inc20.17-3.9%1.6%4742715
Microstrategy Cl A1,281.72-1.6%-7%35758885
Riot Blockchain Inc9.640.7%5.5%45-75-88-85
Robinhood Markets Inc Cl A22.68-0.9%-0.1%58834756
Tesla Inc251.522.1%27.1%8017-92-65
 

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