Source: iStock/da-kuk

The market sentiment looks improved today compared to seven days ago. Following a small drop to 5.2/10 last week, the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins surpassed its highest level in the past five weeks - that of 5.27 from two weeks ago - and now stands at 5.37, as crypto market sentiment analysis service Omenics shows.

The week brings good news for all but one coin - only Tether (USDT) is in red this Monday. Meanwhile, after several weeks, we have two coins in the positive zone, these being first two coins by market capitalization: Bitcoin (BTC) and Ethereum (ETH). Five cryptos have sentscores above 5, three are above 4, and there are no coins in the negative zone.

The 24-hour time frame looks even better. This Monday is showing five out of ten coins in the positive zone, with Bitcoin reaching 6.9. Four are in the 5-5.9 range, and only Tether has a score of 4.7, but it too has gone almost 6% up today. In total, the combined sentscore for these 10 coins today is even closer to the positive zone: 5.86.

Sentiment change among the top 10 coins in the past week*:Interpreting the sentscores scale:- 0 to 2.5: very negative- 2 to 3.9: somewhat negative zone- 4 to 5.9: neutral zone- 6 to 7.49: somewhat positive zone- 7.5 to 10: very positive

Though the difference between them is small, three coins have seen green double-digit percentiles next to their names this week: Bitcoin Cash (BCH), EOS, and Stellar (XLM), respectively. BCH's highest score is in news (5.6). It got some lower scores in social and technicals (4.6 and 4.3), as well as negative scores in buzz and fundamentals (3.6 and 2.7). Similarly, EOS has a high score in news, with 6.4, as well as neutral scores of 5.4 in technicals and 4.6 in social, while its buzz and fundamental received 3.5 and 3.2, respectively. Stellar is a double winner today. Not only is it among the coins with the highest rise in sentscore this week, but that rise enabled it to push Chainlink (LINK) out of the top 10 list and take its place. It has two quite high scores of 7.1 and 7 in technicals and news, as well as a neutral 5.4 in social. Its buzz and fundamentals have negative scores though: 3.9 and 3.6.

Daily Bitcoin sentscore change in the past month:

The one coin that saw a percentile in red next to its name is today's losing coin. Tether's strongest point is news, which has a positive score of 6.3. It's followed by 5.5 in buzz, as well as 4.7 in technicals and 4.3 in social. Its weakest point this week is fundamentals, which got a negative score of 3.8.

Lastly, taking a look at the rest of Omenic's list besides the top ten coins over the course of the past seven days, we find an improved situation here as well. Compared to most of them last week, only 10 saw their sentscores drop this time around. Ten - one less than last week - have scores above 5, and one is even in the positive zone with a sentscore of 6: Nano (NANO). Two are in the negative zone, Komodo (KMD) and Steem (STEEM), and the rest are in the 4-4.9 range.

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* - Methodology:

Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms.As their website explains, Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment, later adding, Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin. For now, they are rating 39 cryptocurrencies.

See more here:

Crypto Market Sentiment is Back Up; Bitcoin, Ether in the Positive Zone - Cryptonews