Bulls are still grasping for control, as seen from the global market cap, which has jumped by 0.33% from its previous 24-hour one, as the total cap stood at $1.56T as of press time. The fear and greed index is 50, with a neutral sentiment striking the markets.
Bitcoin Price Analysis
Bitcoin (BTC) is facing minor bull activity today, with the Bitcoin price back at $40K as of press time, representing a 0.06% increase in the last 24 hours to take the weekly drop to 6.4%. Bitcoin’s trading volume is still down 34% from its previous 24-hour one to $29.9B.
An in-depth analysis of 24-hour BTC/USD charts reveals bulls could be gaining control. This is seen from the Relative Strength Index on a northern trajectory, showing bull action on BTC. The MACD indicator, on the other hand, is reverting towards the green zone, showing bull action on the Bitcoin price as well.
Ethereum Price Analysis
However, Ethereum (ETH) has failed to show resilience as the Ethereum price stood at $2228 as of press time, representing a 0.3% decrease in the last 24 hours as the weekly drop stood at 12%. The trading volume has dropped by 45% to $9.1B.
An in-depth analysis of 24-hour ETH/USD charts also shows that bears control ETH markets, as shown by the Relative Strength Index indicator, which is currently on a southern trajectory. This asserts selling pressure on the Ethereum price. On the other hand, the MACD indicator is moving in the red zone, backing bearish prospects on the Ethereum price.
Helium Price Analysis
Helium (HNT) is our first gainer today as the Helium price stood at $6.9 as of press time, representing a 20% increase in the last 24 hours as the weekly drop stood at 6.6%. The trading volume has jumped by 140% to $32M.
An in-depth analysis of 24-hour HNT/USD charts also shows that bulls control HNT markets, as shown by the Relative Strength Index, which is currently on a northern trajectory. This asserts buying pressure on the Helium price. On the other hand, the MACD indicator is moving towards the red zone, backing bullish prospects on the Helium price.
Internet Computer Price Analysis
Internet computer (ICP) is our other gainer today as the Internet Computer price stood at $11.4 as of press time, representing a 7.6% increase in the last 24 hours to bring the weekly drop to 7%. The trading volume has jumped by 35% to $216M.
An in-depth analysis of 24-hour ICP/USD charts shows a struggle between bulls and bears to control HNT markets, as shown by the Relative Strength Index, which has deviated from its northern trajectory. This asserts fading bull pressure on the Helium price. On the other hand, the MACD indicator is moving toward the red zone, indicating bull pressure as well on the Internet Computer price.
Lido DAO Price Analysis
Lido (DAO) is our last gainer today as the Lido DAO price stood at $6.9 as of press time, representing a 20% increase in the last 24 hours as the weekly drop stood at 8%. The trading volume has dropped by 32% to $77M.
An in-depth analysis of 24-hour LDO/USDT charts also shows a struggle between bulls and bears to control HNT markets, as shown by the Relative Strength Index, which has reverted to a southern trajectory, asserting building bear pressure on the Lido DAO price. On the other hand, the MACD indicator is moving toward the green zone, indicating bull pressure on the Lido DAO price as well.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-hnt-icp-ldo/