Medium-term market outlook is showing bearish signals across major assets. The broader crypto market (TOTAL) is currently in consolidation with a score of -0.34, signaling cautious momentum. Bitcoin continues its short-term weakness at -0.33, while Ethereum sits at -0.11, indicating relatively softer bearish pressure compared to the broader index.
When examining cross-pair dynamics, the picture becomes more pronounced. ETHBTC pairing shows a -0.45 score, suggesting Ethereum is underperforming against Bitcoin during this cycle. More notably, SOL-denominated pairs are displaying the most bearish readings—SOLBTC scores -0.89 and SOLETH equally slides to -0.89, pointing to significant relative weakness in Solana's position versus both Bitcoin and Ethereum.
The altcoin segment extends this downward pressure, with the broader alternative token market following suit into bearish territory. These technical scores paint a picture of risk-off sentiment, where larger caps are outperforming smaller assets, and traders may want to reassess exposure to secondary tokens until momentum shows signs of recovery.
Medium-term market outlook is showing bearish signals across major assets. The broader crypto market (TOTAL) is currently in consolidation with a score of -0.34, signaling cautious momentum. Bitcoin continues its short-term weakness at -0.33, while Ethereum sits at -0.11, indicating relatively softer bearish pressure compared to the broader index.
When examining cross-pair dynamics, the picture becomes more pronounced. ETHBTC pairing shows a -0.45 score, suggesting Ethereum is underperforming against Bitcoin during this cycle. More notably, SOL-denominated pairs are displaying the most bearish readings—SOLBTC scores -0.89 and SOLETH equally slides to -0.89, pointing to significant relative weakness in Solana's position versus both Bitcoin and Ethereum.
The altcoin segment extends this downward pressure, with the broader alternative token market following suit into bearish territory. These technical scores paint a picture of risk-off sentiment, where larger caps are outperforming smaller assets, and traders may want to reassess exposure to secondary tokens until momentum shows signs of recovery.