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Market Analysis

12 charts that show the market’s slow slide isn’t over | May 4th

Updated: Aug 31, 2024
Published: May 4, 2023
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Thirsty travellers imagine a lush oasis in the desert, but it’s just a mirage. 

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That’s what the crypto market’s like these days, but instead of an oasis we imagine a rally.

It’s time to get real. 

Investing 101: BTC is at resistance. You don’t buy at resistance.

Be patient. The time to buy will come. For now, just sit back and let market dynamics play themselves out.

TLDR 📃

  • BTC is still headed for $25,150 unless $32,000 is reclaimed on the weekly timeframe.
  • Just wait. Preserve your capital and your mental health by keeping your fingers off the Buy button. You’ll thank us later.
  • Most altcoins have been rejected from resistance and are now heading lower to test their nearest support levels.
Disclaimer: Not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. “One Glance” by Cryptonary sometimes uses the R:R trading tool to help you understand our analysis very quickly. They are not signals and they are not financial advice. Any capital-related decision you make is your responsibility and yours only.

Total Market Cap (Weekly)

The Total Market Cap index represents the entire cryptocurrency market. We track this index to understand where the market is now and predict where it will go next.

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Altcoins Market Cap (Weekly)

The Altcoins Market Cap index represents the entire valuation of the altcoins market: all coins other than BTC. Bitcoin | BTC (Weekly)

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Ethereum | ETH (Weekly)

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Binance | BNB (Weekly)

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Ripple | XRP (Weekly)

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Cardano | ADA (Weekly)

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Dogecoin | DOGE (Weekly)

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Polygon | MATIC (Weekly)

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Solana | SOL (Weekly)

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Polkadot | DOT (Weekly)

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Litecoin | LTC (Weekly)

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Cryptonary’s take 🧠

Yes, the market could take the bullish route with Bitcoin breaking $32,000 and heading to $40K and beyond. It’s not impossible, but it's unlikely.

You want the odds to stay in your favour, and that means you should respect what the market’s telling you. The slide is going to continue for a while.

Action points 🎯

  1. Stay on the sidelines and wait until targets are reached. You wouldn’t want to buy at resistance, would you?
  2. If you decide to short or long the market, do so with proper risk management strategies in place. Never risk more than you can afford to lose!
Visit our  Discord community with questions and comments. ✌️

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Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

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