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 have bounced back locally after war concerns between Iran and USA…

1D Chart:

Technical Breakdown: Price dipped below the 50 DMA and has now reclaimed flashing a green bullish trend shift. As long as price stays above our Trend EQ $BTC should remain bullish.

Ethereum

Update: ETH is currently trying to reclaim the level that we recently broke down below…

1D Chart:

Technical Breakdown: ETH has deviated below the 50 DMA and a major AOI. If we can pump back above the EQ and reclaim the AOI trend will flip bullish. IT’s very important to wait for confirmation in this market right now.

Solana 

Update: SOL trend is still bearish, but bulls are really putting in an effort to shift that trend here…

1D Chart:

Technical Breakdown: SOL is currently trading back above a major AOI, but we need the Trend EQ to slip green for any meaningful move here from $SOL.

Altcoin of the Day

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

Chart: 

Technical Breakdown: We previously highlighted the bear div on $HYPE in a previous letter that lead to this local downtrend. If $HYPE can sustain above the 50 DMA we have reason for bullish trend. Any breaks below and it’s time to be even more bearish on HYPE.

Memecoin of the Day

Update: The Memecoin of The Day is $UFD!

Chart:

Technical Breakdown: $UFD is outperforming the majority of the market in the last 24 hours, and has confirmed bottom candles printed by our indicator script WebTrend 3.0. Sustaining this bullish move would require price to reclaim the 50 DMA that is currently resistance. If we can pop back above it, bulls are back for $UFD.