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 beginning to show signs of bearish potential after failing to break ATH’s

Daily Chart:

Technical Breakdown: If you look at RSI on the daily, we are starting to see the very beginning of a bearish divergence forming. If you have missed this large run up, now is not the time to chase longs. invalidation of any bearish case would be price breaking through the topside ATH.

Ethereum

Update: ETH has pumped pretty hard off of the lows and is starting to flash a warning sign for late longs.

Daily Chart:

Technical Breakdown: Failure to re capture the 200 DMA and break through our topside red AOI would force a locally bearish bias. Pullbacks down into MA’s would provide great spots for entries on macro longs provided the market gives bottom signals down there.

Solana 

Update: SOL is mirroring the other majors as well, great run up so far, but it’s important to watch the bearish signals here…

Daily Chart:

Technical Breakdown: Solana is also rejecting the 200 DMA and topside resistance currently. Failure to get back above these levels, would force us to look lower as bears shake out late longs.

Altcoin of the Day

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

Chart: 

Technical Breakdown: After a pretty good break out, AVAX is just now testing the diagonal for support. We want to monitor how price reacts here and even a quick wick down to our blue MA for a potential bottom.

Memecoin of the Day

Update: The Memecoin of The Day is $TROLL!

Chart:

Technical Breakdown: $TROLL has been consolidating is this large potential bottom formation. Larger timeframes will reveal a slight bull div, while price grinds down slowly. We have a bottom bias down here into our lower green AOI. Our high conviction bottom signal we are looking for is a potential spring into the green box or slightly below it.