Seasonal Tokens Weekly Price Analysis

by Heater

Over the last month, there’s been a gradual downtrend in all four prices as the tokens followed the broader crypto market lower. Heavy buying of Winter and Summer tokens in mid-February caused a bout of volatility that briefly saw the price of Summer go above Autumn. The volatile period, which saw Autumn reach a high of 32k Gwei, and Spring go below 16k Gwei, ended on the 19th and was followed by a gradual divergence of the prices as market forces pushed them towards their natural ratio of 5:6:7:8.

The prices moved sideways for the rest of the week as trading volumes were down everywhere due to geopolitical events. Selling pressure at the end of February drove the prices lower until Spring led a recovery at the beginning of March. Volatility has remained low for the rest of the month, with the notable exception of Autumn, which has alternated between being close to the price of Winter and being close to the prices of Summer and Spring.

There have been signs of cyclical trading over the last few days as prices have been pushed together by traders exchanging comparatively expensive Autumn and Winter tokens for cheaper Summer and Spring. The Spring price has shown strong support at 12k Gwei, and Winter is showing the same support at 18k. Summer and Autumn have ranged in between the prices of Winter and Spring, rarely dipping outside these bounds.