The Index INDEX
INDEX cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering Phoenix · monthly · score 61.0 mixed
74.4% below its 365-day high of $1.34 (2025-10-30), +63.1% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
74% below its rolling 365-day high, 356 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +63.1% above the Jun 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Ug 1r 2Ug 2Ug
- Confirmed low
- $0.2100 · 2026-06-30
- Position
- 4 of median 5 (max 12)
- Current low
- $0.2100 · confirmed
- Cycle-low confidence
- 34% · in band
- Confirmed lows
- 6
Weekly
- Last bars
- 2Ug 2Dg 2Dr 2Ug 1g
- Confirmed low
- $0.2501 · 2026-10-11
- Position
- 2 of median 4 (max 27)
- Current low
- $0.2501 · confirmed
- Cycle-low confidence
- 51% · in band
- Confirmed lows
- 34
Daily
- Last bars
- 2Ug 1r 1g 2Ur 1g
- Confirmed low
- $0.2614 · 2026-10-11 (daily)
- Position
- 10 of median 5 (max 29)
- Current low
- $0.2501 · confirmed
- Cycle-low confidence
- 59%
- Confirmed lows
- 272
The full read, in sentences
- Monthly: forming bar is a green 2-Up. Last confirmed swing low 0.21 (Jun 2026), month 4 of a cycle that has typically run 5. Cycle-low confidence 34%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.2501 (Oct 2026), week 2 of a cycle that has typically run 4. Cycle-low confidence 51%.
- Daily: bar is a green inside bar. Last confirmed swing low 0.2614 (2026-10-11), day 10 of a cycle that has typically run 5. Cycle-low confidence 59%.
- Amber List: 74% below the 2025-10-30 high; +63% off the 365-day low.
- Phoenix: 98% decline over 27 months, monthly swing low confirmed (next-bar), now +63% above the trough; pullback #4 confirmed 2026-10-18.
- Gauges: Mayer multiple 1.33 (neutral); -81% vs the 200-week average; -95% from the all-time high.
Has The Index bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the INDEX snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.2100 from 2026-06-30. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.2501 from 2026-10-11. The current candidate is marked confirmed. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.2614 from 2026-10-11. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is The Index below its high?
The Coinbase price snapshot is 74.4% below its rolling 365-day high of $1.34 from 2025-10-30. Separately, CoinGecko reports +360.3% relative to its all-time high of $0.0744 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Amber List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $8.64 · Mar 2024
- Trough
- $0.2100 · Jun 2026
- Decline
- -97.6% over 27 months
- Above trough
- +63.1%
- Monthly
- confirmed (next-bar) · trigger $0.3400
- Weekly
- confirmed (late (7 bars))
- False bottom
- none
- Entry
- pullback #4 low $0.2501 confirmed 2026-10-18 · trigger $0.3160
| decline | 30 |
| confirmation | 25 |
| earliness | 6.0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 7.92 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.0 x | 15.0 / 15 |
| Size (market-cap rank) survivorship | 934 # | 0 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 25.7 x | 19.4 / 20 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -84.7 % | 0.0 / 10 |
| Age on Coinbase survived a cycle | 4.4 yrs | 10.0 / 10 |
| tvl | could not look — no source data | |
6 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $18.3M
- Fully diluted
- $18.3M
- 24h volume
- $1.5M
- Circulating
- 980,534,138 of 1,000,000,000 max
- All-time high
- $0.0744 · 2026-09-04 (+360.3%)
- TVL
- $0 (protocol)
- Fees 30d
- $58.6K
- Revenue 30d
- $58.4K
- Fees 1y
- $1.9M
- Mayer multiple
- 1.334 · neutral
- vs 200-week avg
- -81.2%
- Pi cycle
- 0.375
- On Coinbase since
- 2022-06-09 (1596 bars)
- CoinGecko id
- the-index
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources