The Crypto Index (1)

April 30, 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 bulls are trying VERY hard to keep this going, let’s dig in…

Daily Chart:

Technical Breakdown: BTC has been consolidating under this resistance level for a bit now, this current set up is very easy to understand. Unless BTC can break this resistance level, it’s best to have a risk-off bias. The risk on trigger is simply price breaking through the resistance level confirming trend continuation.

3 Day Chart:

Technical Breakdown: Looking at the 3D chart we price sustaining above the blue 50 DMA. If we can stay above this level, a break of the upside resistance is highly likely.

Ethereum

Update:  $ETH is showing signs of life, let’s dig in…

Daily Chart:

Technical Breakdown: ETH is pressing up against the macro resistance level HARD. When price compresses like this under a resistance level, we typically get a violent break of that level. We are biased to the upside here for ETH.

3 Day Chart:

Technical Breakdown: $ETH still shows bearish trend in the macro, but we have a bullish bias here. The second price breaks above resistance levels and our TrendEQ, we are looking for a violent break.

Solana 

Update: $SOL strength is building compared to the broad market, let’s see what’s next…

Daily Chart:

Technical Breakdown: Solana is currently giving a great support test into a previous resistance level. This is a textbook signal for bullish continuation. When a previous resistance level turns into support, it often forms a higher low.

3 Day Chart:

Technical Breakdown: The 3D chart shows a bullish trend above our Trend EQ and price trading above the 200 DMA. We are bullish $SOL in the macro.

Update: The Altcoin Chart of The Day is $LINK on the 3D timeframe!

Chart: 

Technical Breakdown: LINK is giving a great opportunity here re testing the 50 DMA as support, this is a great signal for continuation after breaking through the major moving average.

Memecoin of The Day

Update: The Memecoin of The Day is $PEPE!

Chart:

Technical Breakdown: PEPE is also giving a great spot to turn bullish after testing the previous resistance level hard for support. We are looking for a bounce off of this level and continuation higher for PEPE.