2100NEWS WEEKLY CRYPTO REPORT Apr-24

The NWST1100 index decreased 1.07% last week; DeXe (DEXE), a large-cap Ethereum-based Token, has made the most significant leap in rank within the NWSL100 crypto index on a biweekly basis.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on the Theory Swingtum of intelligent finance. We gauge the crypto market’s breadth and direction by showing the 2100NEWS Digital Assets Total Index (NWST1100), which measures the performance of 1100 (by market capitalization) significant crypto assets. The information-dense chart is initially complex to read, but it clearly displays essential price information, key decision-making levels, momentum, trading volumes, and crypto market breadth. Monitoring Market Sentiment and Breadth is necessary to detect early signs of trend reversals or continued strength.

Our detailed analysis of the NWST1100 chart and related market indicators reveals essential insights into the current market conditions:

The NWST1100 index declined 1.07% over the past week, marking a clear pause after the prior recovery phase. More important than the magnitude of the move is its structure: the market attempted to extend higher but failed at the 5,100–5,200 resistance zone, where upside momentum stalled and reversed. This should be interpreted as a rejection under resistance, not continuation. Following the early-April impulse, price action transitioned into a short-term distribution/consolidation phase, characterized by an inability to hold higher highs, a mild rotation lower, and stabilization back toward the ~5,000 area. Importantly, the broader structure of higher lows from early April remains intact, but the latest behavior signals that buyers are no longer in full control at higher levels. The market is currently absorbing supply, not expanding.

1.  Market sentiment: Momentum indicators have reflected a weaker acceleration rather than a reversal. PPO lines have remained above zero, confirming that the market is still in a positive momentum regime, but their slope is flattening, indicating diminishing impulse strength. At the same time, the PPO histogram peaked and started to contract, signaling that momentum has already passed its local maximum and is now entering a deceleration phase. RSI has moved into the 58–66 zone, which is important because the broader structure still trades below the long-term moving-average regime. In this context, RSI near 60 often acts as a momentum ceiling for rallies, rather than confirming unlimited upside expansion.
2. Attention has also shifted toward breadth metrics at the bottom of the NWST1100 chart. Market breadth indicators have remained constructive but are no longer one-directional. The Advance-Decline Volume Line (ADVPL) — 2100News’s proprietary adaptation of the AD Line for the crypto market — rose strongly from early April into mid-month, confirming real capital inflows. That inflow sequence now appears to have paused, suggesting short-term digestion rather than continued acceleration. The McClellan Summation Index, a long-term breadth indicator, remains in an uptrend, confirming that participation has broadened.
3. A50R Participation: According to the chart on the right, across all major segments (NWST1100, NWSET100, NWSL100, NWSCo100), A50R readings have improved materially and are now roughly in the 54%–63% range, marking a significant transition from early-cycle recovery toward broader participation. However, participation is not yet overheated or saturated. Coins represented by NWSCo100 were the weakest segment.

*This breadth indicator is essential in measuring the internal strength or weakness of the underlying index. Looking at the chart on the right side, we can see the A50R lines for four different categories of digital assets:

1. The top box shows the A50R lines for 100 Large-cap members of NWSL100.
2. The middle box displays the A50R lines for 1100 members of NWST1100, which is the Total Index that measures the performance of significant crypto assets by market capitalization.
3. The third box shows the A50R lines for 100 Ethereum Tokens members of NWSET100.
4. The bottom box represents the A50R lines for NWSCo100’s 100 Coins members.

📉 Summary

The latest rejection near 5,100–5,200 shows that the move has entered a resistance-sensitive phase. Momentum remains supportive, but acceleration is slowing; breadth is still constructive, but capital inflows have paused.

Outlook for the Week Ahead

This section provides a probabilistic assessment of the cryptocurrency market’s short-term trajectory. While markets remain inherently unpredictable, cyclical patterns in price behavior and momentum often reveal recurring structures that help identify the next likely phase of development.

1. From a structural perspective, the successful breakout above the 0.236 Fibonacci level in April triggered a relief rally toward the 0.382 zone. However, the move into this resistance area consumed the available momentum. Both PPO and breadth reached relatively elevated levels without follow-through, suggesting that the rally was exhaustive rather than the start of a new expansion leg. Under normal conditions, such a configuration favors downside probing or consolidation, rather than immediate continuation higher.
2. The RSI (Relative Strength Index) stood at 62 last week, that the market briefly transitioned into an expansionary phase. However, in the current structural regime, this level should be interpreted with caution. Rather than signaling open upside, RSI in this zone often reflects a mature stage of an impulse, where further gains require renewed momentum rather than continuation by default.
3. The PPO histogram, which measures the rate of change (i.e., the first derivative) of PPO lines, has rolled over with a clear cyclical rhythm, pointing toward an imminent cross below the zero line, which generally marks the transition from positive impulse → corrective phase. At the same time, PPO lines remain elevated but are likely to lose slope, signaling momentum exhaustion following the relief rally, rather than immediate trend continuation.

4. The Breadth indicators at the bottom of the first chart (NWST1100) may signal a transition from expansion → cooling phase. The Advance-Decline Volume Line (ADVL), adapted by 2100News for the crypto market as ADVPL, tracks the net money volume of advancing versus declining digital assets. It shows that the strong inflow phase has stalled, indicating that new capital is no longer accelerating into the market. The McClellan Summation Index, a long-term measure of market breadth, may show early signs of weakening, confirming loss of breadth momentum.

5. Importantly, this is a headline-sensitive environment. While the market has partially absorbed geopolitical risks (including developments related to Iran), any unexpected escalation or shift in the narrative could act as a catalyst for a sharp reaction.

📌 Target and Scenario Considerations:

📍 Key Levels to Watch:

• Support: 4,800 (0.236 Fibonacci retracement, 25-day EMA)

• Resistance: 5,15 (0.382 Fibonacci retracement), 5,300 (Pivot R2)

Investors and traders often rely on historical performance data to make informed decisions about their cryptocurrency holdings. After analyzing the table data, it is evident that the weekly fall was broad-based, with blue chips, large caps, and the total market all participating; the overall index decreased by 1.07% over the last week. The accompanying chart highlights the performance of key cryptocurrencies, including Bitcoin and Ether, alongside the 2100NEWS Indices, which track Ethereum-based tokens (NWSET100), large caps (NWSL100), and coins (NWSCo100). Among these, Bitcoin was the strongest performer, up 13.10% over the past thirty days.

While the broader market has fallen, different segments and individual cryptocurrencies exhibit different performance dynamics.

Performance Trends by Market Segment:

✔ Bitcoin and  NWSBE led the market,

✔ NWSET100 (Ethereum-based tokens) was improving,

✔ Ether and NWS30 were weakening.

✔ NWSL100 (Large Caps) and NWSCo100 (Coins) lagged.

Investors and traders may use this information to adjust their portfolios, shifting focus toward assets with stronger relative momentum while remaining cautious about those in the Weakening quadrant.

*RRG® charts show the relative strength and momentum of groups of digital assets. Those with strong relative strength and momentum appear in the green Leading quadrant. As relative momentum fades, they typically move into the yellow Weakening quadrant. If relative strength then fades, they move into the red Lagging quadrant. Finally, when momentum picks up again, they shift into the blue Improving quadrant.

Crypto (Digital Assets) compared with global equity

This report offers a comprehensive analysis comparing the performance of digital assets, as represented by the NWST1100 index, with that of shares on global capital markets, as measured by the Dow Jones Global W1Dow index. We draw insights into historical achievements and potential future trends by examining their performances across various time frames.

Let’s break down the key observations and implications:

• Historical Performance Comparison:
  • 53 Months Ago: Digital assets vastly outperformed global equities in global capital markets, reaching a record high in the comparative quotient between the NWST1100 and W1Dow indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
  • Over the past twelve months, digital assets have underperformed equities by 37.7%.
• Mean Reversion Opportunity:
  • The average quotient price, represented by a blue dashed curve, has been 7.54 over the past 143 working days, while the current spot ratio is 6.26, lower than the long-term mean of 9.33.
  • The mean reversion theory suggests that asset prices tend to revert to their historical average returns over time. The current NWST1100-to-DJW price ratio, which is below the long-run mean, may indicate that digital assets are undervalued relative to historical trends.
• Returns Comparison (12-month Accumulation Method) & Strategic Investment Timing:
  • The chart also presents the returns achieved by the simplified index-based accumulation approach—buying one index point per day over 12 months—to simulate a mechanical build-up of exposure. While this method is not equivalent to classical dollar-cost averaging (which involves investing a fixed amount of capital daily), it provides a consistent benchmark for comparing historical costs and returns. The NWST1100 Crypto Index has dropped by 18.93% over the past twelve months. With daily index investments, an investor’s stock price would have resulted in a 24.0% loss from the current index price, due to unprofitable purchases at high entry prices during a prolonged market uptrend, when prices remained above the 143-day moving average for an extended period.
  • The DJW, a broad-based global equity index, rose 30.75% over the past 12 months. However, a daily purchase strategy would have resulted in an 11.1% gain.

• Conclusion:
  

  The recent recovery highlights a fundamental truth in crypto investing: market swings define opportunity. Historically, digital assets have significantly outperformed global equities, but their returns often occur in concentrated bursts following periods of pessimism and capitulation. Prices have fallen below the 143-day EMA, positioning the market at a technically and psychologically critical juncture. Looking ahead, sentiment-driven capitulations often create conditions for stronger rebounds, especially when paired with structural oversold signals. While caution remains warranted in the short term, current price levels could present compelling opportunities for disciplined investors preparing for the next leg in crypto’s broader market cycle.

*The box in the middle of the chart shows the original NWST1100 price; at the bottom is W1Dow. 

Indices Revision 4-24-2026

Following the latest biweekly revision, DeXE, edgeX, and Lido DAO improved their ranking and were added to the NWSL100 index. On the other hand, Axie Infinity, Decred, and Lido wstETH were removed from the NWSL100 index. Meanwhile, several adjustments were made to the mid-cap index (NWSM200), with new projects introduced and weaker ones removed, reflecting the ongoing dynamism of that segment. The new mid-cap assets, including Pieverse, Genius Terminal, and Core DAO, have been added to the NWSM200 index. Each index’s presentation provides more details on additions and deletions across the broader 2100NEWS index family.

Winning member

Congratulations to DeXe (DEXE) on achieving a significant milestone: being recognized as the winning member of the NWSL100 crypto index, marking a crucial leap in the ranking of index constituents.

*We elect the member of the NWSL100 crypto index with the most significant jump in our ranking. We will examine how the market assesses the project’s progress in the event of price changes. It seems important to us whether the project is out of the ordinary tide of crypto project prices. Peer comparisons should be efficient and effective, from an investor’s perspective. 

DeXe (DEXE) https://www.dexe.network/

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 8.6 (Average for Large-caps: 16.9)

Over the past week, the average market capitalization was $1,129.2 million, and the average daily trading volume was $24.2 million.

Dexe. Network is an online, decentralized, and autonomous cryptocurrency portfolio environment that operates through autonomous smart contracts, including tools for virtual currency allocation and automatic rebalancing. It eliminates the risk of transferring digital wallet details, such as private keys, APIs, or any virtual currency data, to third parties. It addresses the lack of decentralized interconnection between users and successful traders within the Defi framework. Dexe is the ERC-20 native functional token of the platform. It has the following use cases: Governance: dexe token holders can vote on network governance decisions and must hold dexe to participate in the Dao. Reward: traders receive commissions from policy subscribers based on the success of their strategies. Dexe smart contracts receive 30% of the funds from them to automatically buy back tokens from the market. One-third of them are destroyed, one-third are sent to the vault, and one-third are distributed to dexe holders. Insurance: users can choose to mortgage dexe tokens, accounting for up to 10% of their capital value, to hedge losses.