Seasonal Tokens Weekly Price Analysis

By Heater

The prices of the four tokens fell over the course of the week, following the broader crypto market lower before finding support on Friday and recovering some losses. Spring fell from 2.8 cents to a low of 1.7 cents on Friday before rebounding to 2.7 and ending the week at 2.1 cents. The Summer price remained confined to a narrower band, falling from 2.9 to 2.4 cents, while Autumn and Winter remained tightly correlated, dropping from 3.8 to 2.7 cents and from 4 to 3.1 cents respectively.

Before the rebound on Friday, Autumn stayed close to the Winter price and Spring stayed close to Summer. The price recovery at the beginning of the weekend was led by Spring, which found solid support at 1.7 and rose steadily over following days, briefly exceeding the price of Summer on Sunday before falling back to the natural order.

Volatility was relatively low during the midweek period, as trading volumes were depressed throughout the market in the aftermath of the Luna/UST peg failure, while trading activity recovered over the weekend as new buyers entered the market. Price crossovers have been rare during periods of light trading, with low volatility keeping the prices close to their natural ratio of 5:6:7:8 and few indications of cyclical trading.

There are just over two weeks left until the Spring halving on the 5th of June. The charts will be interesting to watch around that time, as upward trends in the price of Spring may begin to manifest from speculative pressures before the halving and economic pressures afterwards.