Markets drift toward thresholds, none yet crossed

Sunday's close left Bitcoin at $83,773.12, its momentum reading of 54.6 sitting 7.5 per cent below overbought ground and 1.3 per cent above the mid-range threshold of 50. After a fortnight in which that threshold was approached from above and below in alternating sessions, the distance between current momentum and the floor of the neutral range has widened modestly. The retreat from early October's $86,530.00 close now amounts to roughly 3.2 per cent measured between those two Sunday sessions.

Ethereum sits in a more constrained position. At Sunday's close of $2,536.94, its three-times-tested resistance at $2,553.32 lay a mere 0.6 per cent above — the tightest proximity to a major level in this reading. That resistance has been touched on three separate occasions over the surveyed period, and Sunday's close represents the nearest approach yet without resolution.

Elsewhere, TRX closed at $0.3302, its momentum reading of 37.0 leaving it 1.3 per cent from oversold ground — the closest reading in this survey to that threshold, and a notable deterioration from the compressions near resistance that characterised its recent sessions.

The sentiment barometer, at 50 out of 100, has recovered fractionally from its recent lows, though it offers little by way of direction.