Log in

Market Analysis

Weekly Technicals Pro - Volume 45

Updated: Aug 31, 2024
Published: Feb 22, 2021
0
Share:

Market sentiment is at the 94 level - the level it previously peaked at. With that being said, it did remain there for quite some time and Bitcoin in particular pushed to brand new highs with it. This remains a "keeps us down to earth" metric.

Post Feature Image

Market Sentiment

aligncenter size-full wp-image-31298

As we stated last week, funding on perpetual futures is a much better metric for fear and greed in the short term. There's been a lot of over-leveraged positions liquidated over the weekend. These sort of moves give longevity to this smaller cycle. With that being said, participants are kind of sticky here and each time price moves back up they get greedy once again and funding rates show it.

Market Indexes

Total Market Cap

aligncenter size-full wp-image-31303

The Total MCap is just under $2 Trillion, not expecting this upcoming level to act as hard as a resistance as $1 Trillion did - the latter was the entry into a brand new era. Prices are not yet showing signs of weakness; with that being said, taking some profits even if it is 5-10% is a good way to lock in some profits.

Altcoins Market Cap

aligncenter size-full wp-image-31304

The Alts MCap continues on its path forward post-breakout from the 2017 high. Up until this point, Bitcoin has stolen the show. There will come a time where Altcoins gets to shine however. Timing the market is not an accurate science, however it is approaching.

Bitcoin

aligncenter size-full wp-image-31295

After the break and retest of the weekly high a couple weeks ago (mentioned in WT 43), Bitcoin went and crushed the $52,000 target and is now headed towards $64,000. Signs of irrational exuberance are beginning to show on Bitcoin. It's important to note that this remains a bull-market and hence the dips that come will be dips we personally capitalise on.

Ether

aligncenter size-full wp-image-31297

This week, ETH was able to reach $2,000 for the first time in its history and it oddly feels like a lot of people don't care or are not paying enough attention. Almost similar to how many dismissed the $20,000 BTC break.

aligncenter size-full wp-image-31300

While ETH is growing in fiat terms, which is great, its breakout against BTC has failed and is now put on hold until 0.03725 is reclaimed.

DOT

aligncenter size-full wp-image-31296

Over 1,000% delivered on DOT. A unique asset with a unique performance. There not yet signs of weakness in the bullish market strcuture built by DOT over the past few months. The next key level is $50.

XRP

aligncenter size-full wp-image-31305

XRP is starting to show some signs of life here and there. Namely the creation of higher highs and higher lows in recent weeks as well as the flip of $0.47 from resistance into support. This, from a technical perspective, calls for a run towards $0.79.

SNX

aligncenter size-full wp-image-31301

SNX has flipped $23.60 from support into resistance - this indicates a likely route to $18.25. It gets invalidated by a daily closure above $23.60.

Of course, we are not selling anything a penny under $60.

RUNE

aligncenter size-full wp-image-31299

Creation of a new high and a new support level, similar to the pattern DOT was having a few weeks back. The bullish trend is intact on RUNE.

SRM

aligncenter size-full wp-image-31302

From accumulation break to ATH and now into a brand new ATH. SRM's bullish trend is as intact as RUNE's. The maintenance of higher highs and higher lows will be important for further upside.

 

Disclaimer: NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make and only you are accountable for the results.

100% Success Money Back Guarantee

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

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

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.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025