Last week, there were more losers than gainers among altcoins. Generally, it’s a continuation of a sideways trend, much like Bitcoin.
Following a breakout from a symmetrical triangle in the prior week, Bitcoin (BTC) has stabilized in the $11K-$12K range.
Momentum still looks bullish (MACD and RSI crossovers), and SMA 20 crossed above SMA 50. Last time that happened (July), the price ripped higher.
Bitcoin’s bullish trends (TA and fundamentals) set up a positive backdrop for alcoins.
You can monitor performance stats on altFINS’ Crypto Screener > Performance tab – see here.
Among the biggest gainers last week (see table below) for coins > $50M market cap were ABBC Coin (ABBC), up 79% due to new exchange listings, CyberVein (CVT) and UTRUST (UTK). Among the biggest losers were Crypto.com (CRO), down 29%, STORJ (Storj) and Republic Protocol (REN).
More assets (6:1) are in a downtrend than uptrend, but relatively unchanged from last week.
You can monitor these trends on the Signals Summary page, which also contains shortcuts to strategy screeners.
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.
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