Markets are still seeing minimal activity as a few altcoins take center stage. The global market cap has jumped by 0.08% from its previous 24-hour mark, as the total cap stands at $1.66T as of press time. The fear and greed index is 70, as greed creeps back in. The global trading volume is 3.9% down in 24 hours, at $78.7B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) has started on a bullish trajectory as the Bitcoin price stood at $43.5K as of press time, representing a 1% increase in the last 24 hours as the weekly rise also stood at 1%. The trading volume has jumped by 13% to stand at $35.4B.
The future price trajectory for Bitcoin looks bearish as the Relative Strength Index indicator heads south as it approaches a cross below 50, suggesting bear pressure on BTC. The MACD indicator is also in the red zone backing the bearish prospects on the Bitcoin price.
Ethereum Price Analysis
Ethereum (ETH) has however gotten hit with bear activity as the Ethereum price stood at $2242 as of press time, representing a 0.25% decrease in the last 24 hours as the weekly drop stood at 5.6%. The trading volume has also dropped by 5% to stand at $11.6B.
The future price trajectory for Ethereum looks bearish as the Relative Strength Index indicator heads south as it heads for the oversold region, suggesting selling pressure on ETH. The MACD indicator is also in the red zone backing the bearish prospects on the Ethereum price.
ConstitutionDAO Price Analysis
ConstitutionDAO (PEOPLE) is however among the top gainers as the ConstitutionDAO price stood at $0.03199 as of press time, representing a 40% increase in the last 24 hours as the weekly rise stood at 123%. The trading volume has also dropped by 53% to stand at $642M.
The future price trajectory for ConstitutionDAO Price looks bullish as the Relative Strength Index indicator heads north as it enters the overbought region, suggesting buying pressure on PEOPLE. The MACD indicator is also in the green zone backing the bullish prospects on the PEOPLE price.
Powerledger Price Analysis
Powerledger (POWR) is another top gainer today as the Powerledger price stood at $0.7401 as of press time, representing a 34% increase in the last 24 hours as the weekly rise stood at 83%. The trading volume has dropped by 42% to stand at $636M.
The future price trajectory for the Powerledger Price looks bullish as the Relative Strength Index indicator heads north while in the overbought region, suggesting bull dominance on Powerledger. The MACD indicator is also in the green zone backing the bullish prospects on the Powerledger price.
Neutron Price Analysis
Neutron (NTRN) is our last top gainer of today as the Neutron price stood at $1.32 as of press time, representing a 12% increase in the last 24 hours as the weekly rise stood at 16%. The trading volume has pumped by 207% to stand at $143M.
The future price trajectory for the Neutron Price looks bullish as the Relative Strength Index indicator heads north as it approaches the overbought region, suggesting bull dominance on Neutron. The MACD indicator is reverting towards the green zone backing the bullish prospects on the Neutron price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-people-powr-ntrn/