Seasonal Tokens Weekly Price Analysis

By Heater

The token prices mostly moved sideways over the last week amid light trading over Easter Week. A downtrend in all four prices starting on Monday ended on Thursday as the prices rebounded, with Spring, Summer and Autumn reaching new highs for the week. Spring and Summer retreated to support levels on Saturday, while Autumn and Winter mostly held their gains. All four prices dipped briefly on Sunday morning before rising again in the evening to overcome the losses for the day.

Winter started the week at 5.42 cents, falling to a low of 4.57 cents on Thursday and rebounding to a high of 5.39 on Friday before ending the week at 5.01 cents. Autumn fell slightly over the course of the week, starting at 4.66 cents on Monday and ending at 4.47 cents on Sunday, reaching a low of 3.7 and a high of 4.72 cents during the week.

The prices of Spring and Summer closely tracked each other throughout the week, with Summer falling from 4.10 cents to 3.46 cents from Monday to Sunday, and Spring following the same trajectory, starting the week at 3.87 cents and ending at 2.93 cents. Spring and Summer briefly reached parity on Friday at a price of 3.79 cents. Apart from this one occasion, the prices stayed in their natural order throughout the week.

The prices were relatively close together on Thursday and Friday amid signs of possible cyclical trading before renewed selling of Spring and Summer at the end of the week brought the prices closer to their natural ratio of 5:6:7:8. Spring has frequently traded higher than this level over the course of the week, possibly indicating that traders are accumulating Spring in anticipation of the June halving.