Crypto Market Technical Analysis Report
Technical condition of 16 major cryptocurrencies examined
1Weekly Crypto Analysis Report
The Market's Compass Crypto Sweet Sixteen report tracks the technical condition of 16 large-cap cryptocurrencies. Published weekly, it highlights changes in technical indicators and notable movements of these assets. The subscription-based report evaluates multiple technical factors including trend, momentum, and relative strength. Each cryptocurrency receives a technical ranking score ranging from 0 to 50, providing quantifiable metrics for comparison.
2Decline in Total Technical Ranking
The Sweet Sixteen Total Technical Ranking (SSTTR) declined for the third consecutive week to 286.5, marking a 3.07% drop from the previous week. However, it remains significantly higher than the reading of 178 recorded five weeks earlier. Last week saw an even split, with eight cryptocurrencies showing improved rankings while eight declined. Ten assets remained in the 'blue zone' (15.5-34.5 points), while six stayed in the 'red zone' (0-15 points), mirroring the previous week's distribution.
313-Week Moving Average Analysis
The 13-week moving averages of technical rankings smooth out volatile data to reveal clearer trend lines. While Cardano (ADA) has maintained an upward trajectory since mid-June, most other cryptocurrencies showed either declining or flatlining moving averages. Changes in these moving average trends, especially when accompanied by follow-through, are considered significant technical signals by market analysts.
4Relative Strength Analysis
Relative Rotation Graphs (RRGs) plot cryptocurrency performance against the CCi30 benchmark across four quadrants: Leading, Weakening, Lagging, and Improving. Cardano (ADA) completed a notable four-quadrant rotation in the past two weeks, while Solana (SOL) followed a similar path. ChainLink (LINK) lost its upward momentum in the Improving quadrant by week's end, while Ethereum (ETH) maintained the highest relative strength ratio among the Sweet Sixteen.
5Relative Strength Table
The report includes a comparative table showing cryptocurrencies' relative strength and momentum values. Assets showing improvement in either metric are highlighted in green, while declining performers are distinctly marked. This visualization allows investors to quickly identify which cryptocurrencies are gaining or losing technical strength. Ethereum's recent performance stands out particularly in this week's analysis.
6Understanding the CCi30 Index
The CCi30 Index is a rules-based benchmark designed to measure the blockchain sector's growth and movements. Developed by a team of mathematicians and fund managers, it tracks the 30 largest cryptocurrencies (excluding stablecoins) by market capitalization. Serving as the reference point for RRG analyses, the index's methodology and calculation details are publicly available on CCi30.com, providing transparency for technical analysts.
7Technical Ranking System Explained
The report's technical ranking system employs a quantitative approach evaluating multiple factors. Trend analysis, momentum measurements, accumulation/distribution indicators, and relative strength comparisons form its core components. Individual technical rankings (0-50 scale) collectively serve as an overbought/oversold indicator. The system's detailed methodology is available on The Market's Compass website, offering investors insights into its analytical framework.
8Cardano's Notable Rotation
Cardano (ADA) captured analysts' attention with its technical movements over the past two weeks. After rapidly exiting the Leading quadrant and passing through Weakening, ADA changed course in the Lagging quadrant before re-entering Leading territory. This four-quadrant rotation clearly demonstrates the cryptocurrency's fluctuating relative strength momentum, with the intensity visible in the spacing between daily data points.
9Crypto Market Overview
The weekly technical analysis presents a mixed picture of the cryptocurrency market. Despite the overall decline in total technical ranking, certain assets show strong performance. Relative strength analyses indicate rotation signals across market segments, while moving averages provide crucial data for understanding long-term trends. For investors, such technical reports serve as valuable tools for making informed decisions in the volatile crypto space.
Original article: The Market's Compass Technical View — Kripto Piyasasında Teknik Analiz Raporu