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 flashing a bearish signal here on the 12 hour…

12 hr Chart:

Technical Breakdown: Current price action shows a rejection of our Trend EQ with a target of at least our orange MA. Our current stance is locally bearish until a bottom formation can form. Rejections of any topside levels force a bearish bias.

Ethereum

Update: ETH is showing bearish signals as well…

12 hr Chart:

Technical Breakdown: ETH tapped our previous top side target given in our discord community(green box) and is now trading back in the previous range. This is a standard bearish deviation. Until there is evidence for a bounce or bottom, this is a bearish set up for ETH.

Solana 

Update: SOL is hanging on by a thread, while flashing a somewhat bullish set up…

12 hr Chart:

Technical Breakdown: SOL is trading above our major purple MA, while RSI flashing a bullish divergence. If price can stay above our major MA and validate this bull div, there is potential for a bottom on the 12 hour.

Altcoin of the Day

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

Chart: 

Technical Breakdown: We are sending a cautionary signal to our readers who are bullish on HYPE. A massive bear div has revealed itself on the 1D with quite the bearish wick on the previous candle close. By definition this is a bearish set up, with targets below our Trend EQ.

Memecoin of the Day

Update: The Memecoin of The Day is $CATWIFMASK!

Chart:

Technical Breakdown: CATWIFMASK has had massive strength compared to the broad market and is just now flashing a bullish divergence on the 2 hour chart. Memecoins are of course victim to the broad market, but this set up is definitely something to keep on your radar. If BTC and SOL can recover, this bull div could validate and put in a bottom here for CATWIFMASK.