Bitcoin rallies 6% on the week and now trades mid-range. Ethereum rallies into short term downtrend at 2870. Secondary coins have strong rallies with gains of 38% in Fantom, 33% in Polygon and 30% in Avalanche. These moves generally take secondary coins into short term downtrends as many have suffered significant drawdowns in the last six months. The sharp rallies in Secondary stocks have not been sufficient to change the trend profile of the Secondary stocks with 4 coins still with positive short term trend scores and three with positive overall trend scores. The strongest coins remain Solana and BNB.
Crypto related equities also had a good week, with gains of 19% in Hive, 15% in Marathon and 13% in Microstrategy. Hive forms short term base and Marathon finds support at the bottom of the range. Coinbase also finds support at the bottom of its range.
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