Markets are on the slight bear activity today, with the global market cap sitting 0.02% below its previous 24-hour mark, as the total cap stands at $1.66T as of press time. The fear and greed index is 68, as greed dominates again. The global trading volume is 32% up in 24 hours, at $62.3B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) is riding on bull activity, as the Bitcoin price stood at $42.6K as of press time after recording a daily increase of 7.6% and a weekly rise of 7%. As a result of the Bitcoin price, the token’s trade volume jumped by 1.5% during the same period and is presently at $25.3B.
The Relative Strength Index indicator is headed north, suggesting bullishness as the Bitcoin price looks to pump in the short term. The MACD indicator is also reverting towards the green zone, showing fading bearishness.
Ethereum Price Analysis
Ethereum (ETH) is riding on bull activity, as the Ethereum price stood at $2427 as of press time after recording a daily increase of 8.5% and a weekly rise of 8.5%. As a result of the Bitcoin price, the token’s trade volume jumped by 42% during the same period and is presently at $9.9B.
The Relative Strength Index indicator is headed north as it approaches the overbought region, suggesting bullishness as the Ethereum price looks to pump in the short term. The MACD indicator is also in the green zone, showing bullishness.
Solana Price Analysis
Solana (SOL) is riding on bull activity, as the Solana price stood at $114.5 as of press time after recording a daily increase of 11.9% and a weekly rise of 0.6%. As a result of the Solana price, the token’s trade volume jumped by 24% during the same period and is presently at $49.3B.
The Relative Strength Index indicator is headed north as it approaches entry into the overbought region, suggesting bullishness as the Solana price looks to continue pumping in the short term. The MACD indicator is also in the green zone, showing bullishness.
BNB Price Analysis
BNB (BNB) is riding on bull activity, as the BNB price stood at $319.8 as of press time after recording a daily increase of 2.6% and a weekly rise of 15%. As a result of the BNB price, the token’s trade volume jumped by 9% during the same period and is presently at $973M.
The Relative Strength Index indicator is headed north as it approaches entry into the overbought region, suggesting bullishness as the BNB price looks to continue pumping in the short term. The MACD indicator is also in the green zone, showing bullishness.
Ripple Price Analysis
Ripple (XRP) is riding on bull activity, as the Ripple price stood at $0.63 as of press time after recording a daily increase of 2.6% and a weekly rise of 1.4%. As a result of the Ripple price, the token’s trade volume jumped by 13% during the same period and is presently at $968M.
The Relative Strength Index indicator is headed north as it approaches entry into the overbought region, suggesting bullishness as the Solana price looks to continue pumping in the short term. The MACD indicator is also reverting towards the green zone, showing bullishness.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-sol-bnb-xrp/