The Crypto Index

May 05, 2025

Introduction

Welcome to the latest edition of The Crypto Index, where we bring you key updates and analyses across the diverse spectrum of crypto assets! Before we dive in, make sure to consider joining our Advanced Community!

Section 1: Bitcoin (BTC)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 2: Ethereum (ETH)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 3: Solana (SOL) 

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 4: Altcoin of the Day

  •  Highlight

  •  Technical Analysis Breakdown

Section 5: Memecoin of the Day

  • Highlight

  • Technical Analysis Breakdown

Bitcoin

Update: BTC trend is still bullish on the daily, but there is a VERY important resistance level that we need to watch. Let’s dive in…

Daily Chart:

Technical Breakdown: Local $BTC trend is still technically bullish, but the resistance level that we have highlighted is still the most important level moving forward. For any sustainable macro bullish moves, we need price to break the grey upside AOI from here. Since we have rejected, we need to find the level where a bounce is most likely. For now, a good target for a bounce is our green Trend EQ.

Ethereum

Update:  $ETH local trend is still bullish, we are still trading under the macro resistance level. Let’s dig in…

Daily Chart:

Technical Breakdown: While local $ETH trend is still bullish, it’t important to note that until we get price above our red AOI, macro trend is still bearish. A great spot for $ETH to bounce off of this rejection is our blue MA and our green Trend EQ. If we can get a good bounce off of those levels, it could be the spring we are looking for to validate a macro move above our red AOI.

Solana 

Update: $SOL bullish trend is still alive above the current trading level, but we NEED a bounce here…

Daily Chart:

Technical Breakdown: Solana is still trading above the previous resistance level, which puts $SOL is a confirmed up trend. While thats a good sign, we need price to bounce here and flip the previous resistance into support. Confirmation of a bounce here would validate support at our Trend EQ and a very important macro AOI.

Update: The Altcoin Chart of The Day is $AVAX on the 1D timeframe!

Chart: 

Technical Breakdown: AVAX moved below our Trend EQ giving a local bear signal, but we are at a very important level for a potential bounce. IF the daily can flip and bounce off of our blue MA, it would be enough to validate a local bottom here and see some price expansion back up.

Memecoin of The Day

Update: The Memecoin of The Day is $UFD!

Chart:

Technical Breakdown: $UFD has rejected our blue MA twice now, but we are still trading within a larger range that could prove to be a macro bottom. Our green AOI (support) is still holding here, but failure to hold would force us to look for lower targets and a potential lower macro bottom. A quick move back above our Trend EQ would validate a third attempt at breaking our blue MA to target higher high’s our of this range.