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- Dgenz Crypto Weekly 014
Dgenz Crypto Weekly 014
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
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The Weekly Ledger
Weekly Snapshot
Market & Economy Overview
Market liquidity may reflect investor sentiment, but technical price action often leads before narratives unfold. In recent news, DeepSeek threatens to disrupt the US big tech dominance by enabling smaller companies and cost-sensitive enterprises with an open source and low cost, high performance model. This news caused Nvidia stocks to plummet 17%, a $593B loss in market value, marking the largest single-day loss for any company, while also dragging AI-related stocks down over $1T. We also saw The Bank of Japan hike rates to 0.5% which is also pressuring markets by disrupting the Yen carry trade. And to couple with all of that we still have the FOMC meeting coming on Wednesday, so investors have been de-risking. While some predict a local top, the NQ remains bullish on higher time frames, and Bitcoin’s uptrend is still holding as long as we continue to see weekly closes above $90K. Our focus for now remains on capital preservation, risk management, and high-probability setups.
Crypto Insights: Weekly Charts
Bitcoin Dominance
As long as $BTC.D is bullish and $BTC price is either increasing or decreasing, alts are gonna get hit hard. We would like to see a rejection at a potential double top at 61.53% or in the order block which is marked on the chart with the red rectangle. Until either option plays out it would be wise to sit on your hands and wait before taking any new trades or adding to your bags. This may mean you end up adding higher but it’s always best to wait for confirmation first before entering.
The BTC.D chart shows Bitcoin’s market dominance, revealing its share of the total crypto market cap and helping investors understand capital flow trends and overall confidence in Bitcoin versus altcoins.
Bitcoin
$BTC price action is likely to continue lower after another daily close under $102.8K. We can expect to see another retest of support around the $99k region which as you can see from the infographic above will cause another flash dump on altcoins.
Ethereum
On the daily chart we can see that $ETH has just successfully closed above the $3k support level, however it’s still following this downtrend while putting in lower highs and lower lows. If action were to continue the trend and put in another lower low we would see $ETH lose this pivotal $3k level where another 10% drop to $2.7k would be likely. A safer spot to go long on $ETH would be to wait for a successful flip of that $3.3k level marked in purple after the downtrend has been broken.
Solana
$SOL saw a heavily manipulated pump last week thanks to the $TRUMP token releasing right before the inauguration speech and potentially put in this cycles top for $SOL. If you were looking to add to your spot bags a good place to begin buying would be at about $216 with DCA’s down to $189. Although, if we were to lose that support then price is likely to revisit $160, and potentially even the previous range lows around $127.
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Spotlight: Token of the Week
$INJ
Injective is currently sitting at the bottom of this major support area at $18 while the RSI is forming a bullish divergence. Leaving room for a DCA at $16 would be wise, however if daily price action begins to close under this level then the play would be invalidated. Take profit levels are marked in green on the chart with the first target being $22.
This is not financial advice. Please conduct your own research and trade responsibly.
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