The Crypto Index

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 is desperately trying to break past this final resistance level. Our bullish macro thesis is dependent on this level breaking, if price can break through are targets are much higher.

3 Day Chart:

Technical Breakdown: Looking at the 3D chart, bullish trend is strong but we still need this resistance broken. If we reject, we will move into a local bearish bias until this level can break.

Ethereum

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

Daily Chart:

Technical Breakdown: ETH in INCHES away from breaking our lowest AOI that would serve as the macro long signal. Bullish trend is alive above our trend EQ, but we need this level to break for any meaningful moves in the macro.

3 Day Chart:

Technical Breakdown: We are very close to getting above our Trend EQ on the 3D and close to breaking the AOI. In the macro trend is still bearish until these terms are fulfilled.

Solana 

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

Daily Chart:

Technical Breakdown: Solana trading above our last resistance level is very strong signal. It’s important to understand if price breaks below, the bullish thesis is invalidated. For now, bullish trend is alive and our targets remain at our topside AOI.

3 Day Chart:

Technical Breakdown: The 3D chart shows a strong bullish trend, as long as there are no breakdowns in price, our targets remain $170-$180.

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

Chart: 

Technical Breakdown: AVAX was a long set up from a previous letter that has halfway played out. The bull div played out perfectly and now we are seeing price expansion. Our targets remain at the top side of our green shaded tool.

Memecoin of The Day

Update: The Memecoin of The Day is $PEPE!

Chart:

Technical Breakdown: We successfully called the bottom of $PEPE in a previous letter with the obvious bullish divergence in RSI. Now we are watching to see if price can break through this current AOI and target much higher at our topside grey AOI.