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 is still showing signs of life above previous ATH’s, let’s find the line in the sand…

Daily Chart:

Technical Breakdown: Marked by our grey AOI, previous high’s are now the line in the sand for macro bullish continuation. As long as price stays above that level, you can expect macro continuation for BTC here.

Ethereum

Update: ETH is showing signs of consolidation under major resistance, if we can get a break, the bullish signal will trigger…

Daily Chart:

Technical Breakdown: This is the third attempt by ETH to break this macro resistance level, if bulls can push price past this AOI it is a massive buy signal for the entire space.

Solana 

Update: SOL is consolidating under major resistance with hope of a macro break…

Daily Chart:

Technical Breakdown: Similar to ETH, if SOL can break through this level it is a massive buy signal for bulls moving forward. A clean break of this AOI would trigger a ton or perps traders to flip long.

Altcoin of the Day

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

Chart: 

Technical Breakdown: AVAX rejected macro resistance at our grey AOI but is consolidating nicely at our orange EQ and now previous support. This is a great local spot to speculate a bottom to get back up into the previously rejected resistance.

Memecoin of the Day

Update: The Memecoin of The Day is $UFD!

Chart:

Technical Breakdown: $UFD had a really strong rally when the market was hot, but gave a good correction as BTC consolidated. Price is now sitting at potential macro support with a great discount if the market returns to normal. We are speculating a bottom here on 4 hour timeframes with an upside target of the previous high’s from last weeks rally.