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.

 
 

MAJOR COIN SUMMARY

NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin64,094.366.1%5200.258.8%5004736
Ethereum2,764.455.4%171.266.6%39-757-13
 

 

Bitcoin rallies 6% on the week and now trades mid-range. Ethereum rallies into short term downtrend at 2870.

 
 

RATIO CHART

 
 

SECONDARY COIN SUMMARY

Weekly change - highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Fantom
(Smart Contract Coin)
0.5138.6%50-757-13
Polygon
(Smart Contract Coin)
0.5433.2%50-75-88-85
Avalanche
(Smart Contract Coin)
26.5230%49-75-41-49
Theta Token
(Gaming Coin)
1.4123.5%48-75-41-49
Near
(Smart Contract Coin)
4.8321.5%40-757-13
The Sandbox
(Gaming Coin)
0.3020.6%44-75-88-85
THORChain
(Smart Contract Coin)
4.4519.6%52-75-41-49
Cardano
(Smart Contract Coin)
0.3918.5%44-75-88-85
ChainLink
(Cross Chain Coin)
12.0618.9%43-75-41-49
Decentraland
(Gaming Coin)
0.3117.4%42-75-88-85
Monero
(Privacy Coin)
173.2316.4%5875-45-15
Polkadot
(Cross Chain Coin)
4.9014.1%35-75-92-88
BNB Chain Native Token
(Smart Contract Coin)
591.8113.8%53334744
DogeCoin
(Memecoin)
0.1112.4%46-757-13
Cosmos
(Smart Contract Coin)
5.1011.8%35-75-92-88
Solana
(Smart Contract Coin)
153.119.9%49338874
XRP
(Smart Contract Coin)
0.618.3%4975723
Stellar
(Privacy Coin)
0.107.4%44-42-92-80
 
 

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.

Overall trend - highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Solana
(Smart Contract Coin)
153.119.9%49338874
BNB Chain Native Token
(Smart Contract Coin)
591.8113.8%53334744
XRP
(Smart Contract Coin)
0.618.3%4975723
Near
(Smart Contract Coin)
4.8321.5%40-757-13
Fantom
(Smart Contract Coin)
0.5138.6%50-757-13
DogeCoin
(Memecoin)
0.1112.4%46-757-13
Monero
(Privacy Coin)
173.2316.4%5875-45-15
THORChain
(Smart Contract Coin)
4.4519.6%52-75-41-49
Avalanche
(Smart Contract Coin)
26.5230%49-75-41-49
ChainLink
(Cross Chain Coin)
12.0618.9%43-75-41-49
Theta Token
(Gaming Coin)
1.4123.5%48-75-41-49
Stellar
(Privacy Coin)
0.107.4%44-42-92-80
Polygon
(Smart Contract Coin)
0.5433.2%50-75-88-85
Cardano
(Smart Contract Coin)
0.3918.5%44-75-88-85
Decentraland
(Gaming Coin)
0.3117.4%42-75-88-85
The Sandbox
(Gaming Coin)
0.3020.6%44-75-88-85
Cosmos
(Smart Contract Coin)
5.1011.8%35-75-92-88
Polkadot
(Cross Chain Coin)
4.9014.1%35-75-92-88
 

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 ASSETS

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF46.244.5%4.9%46-42-92-80
Block Inc65.362.4%-0.8%42-42-92-80
Coinbase Global Inc Cl A211.406.5%3%42-334324
Hive Blockchain Technologies Ltd3.6314.9%19%460-41-31
Marathon Digital Hldgs Inc18.6910.9%15.1%36-757-13
Microstrategy Cl A150.0112.1%12.8%20-834110
Riot Blockchain Inc8.505.6%6.1%33-75-88-85
Robinhood Markets Inc Cl A21.126.2%5.7%4004736
Tesla Inc220.324.6%1.9%4375-92-51
 

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.