Indicator Overview

The 200D MA Heatmap indicator measures the equal-weighted Top 10 Altcoin Index’s price deviation from its 200-day moving average (MA), expressed as a percentage. This index compiles the following top 10 utility-focused altcoins (as of December 2025):

1. Ethereum (ETH)

2. XRP (XRP)

3. BNB (BNB)

4. Solana (SOL)

5. Cardano (ADA)

6. Chainlink (LINK)

7. TRON (TRX)

8. Monero (XMR)

9. Avalanche (AVAX)

10. Litecoin (LTC)

The index price is calculated as the average of these 10 altcoins’ prices (equal weighting).

The 200-day MA is a widely used benchmark for assessing long-term trends in financial markets, with deviations indicating whether the altcoin index is overbought or oversold relative to its historical trend. Weekly heatmap dots (coloured from blue to red) visualise these deviations, offering a clear snapshot of sector-wide market positioning. This indicator is essential for investors seeking to gauge the altcoin sector’s trend strength and identify potential reversal points within its cyclical and fundamentally influenced behaviour.

How To Use

Historically, large positive deviations often signal overbought conditions, coinciding with bull market peaks in the altcoin sector. Negative deviations typically indicate undervaluation, often seen during bear market bottoms. Traders can use red/orange dots to consider profit-taking or caution across the basket, while green/blue dots may suggest buying opportunities. The 200D MA line acts as a trend anchor; index prices above it confirm bullish trends in altcoins, while prices below suggest bearish conditions. Investors can leverage this to time entries or exits in these top altcoins, navigating the volatility and adoption-driven cycles of this established utility-focused asset class.