Seasonal Tokens Weekly Price Analysis

By Heater

The token prices moved broadly higher over the last week, gaining momentum after the launch of trading on CoinsBIT. Winter in particular has shown a strong upwards trend, reaching an all-time high above 8.7 cents on Wednesday, while Spring doubled in price from 3 cents to 6 cents over the course of the week.

Continuing the pattern established in previous weeks, Summer has shown the least volatility of the four tokens, rising smoothly from 4 cents to 4.7, overcoming resistance at 4.3 cents on Monday to reach a high of 4.8 on Tuesday, and showing remarkable price stability for the rest of the week. Autumn rose along with the other tokens, starting at 4.4 cents and reaching a high of 7.3 cents on Wednesday before falling back to 6.7 cents.

Spring has been the most volatile of the tokens, as upward pressure from buyers and cyclical traders alternated with bouts of selling each time a new high was reached.

Cyclical trading appears to have ended Winter’s rally early on Thursday, with Spring rising dramatically as Winter fell, overtaking Summer in price as traders took advantage of the large price difference between Winter and Spring to accumulate Spring tokens in advance of the upcoming halving in June.