The weekend is ending with bears having the upper hand, with the global market cap sitting 0.27% below its previous 24-hour mark, as the total cap stands at $1.65T as of press time. The fear and greed index is 56, as fear creeps in again. The global trading volume is 20% down in 24 hours, at $1.65T as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) failed to record gains, as the Bitcoin price stood at $42.9K as of press time after recording a daily decrease of 0.16% and a weekly rise of 1.4%. As a result of the Bitcoin price, the token’s trade volume dropped by 7% during the same period and is presently at $13.6B.
Bitcoin to U.S. Dollar (BTC/USD) daily chart shows the price consolidating with Bollinger Bands beginning to narrow, indicating decreased volatility and a potential breakout in the near future for the Bitcoin price. The Relative Strength Index (RSI) is neutral at around 53.77, and the Moving Average Convergence Divergence (MACD) (blue line) is slightly above the signal line (orange line), suggesting a mild bullish momentum on the Bitcoin price.
Ethereum Price Analysis
However, Ethereum (ETH) has managed to post minor gains, as the Ethereum price stood at $2,304 as of press time after recording a daily increase of 0.11% and a weekly rise of 1.1%. As a result of the Ethereum price, the token’s trade volume dropped by 22% during the same period and is presently at $4.4B.
Ethereum to U.S. Dollar (BTC/USD) daily chart shows the Relative Strength Index (RSI) moving around the neutral position with a value of around 47. The Moving Average Convergence Divergence (MACD) (Blue line) is slightly above the signal line (orange line), suggesting a mild bullish momentum on the Ethereum price.
Chainlink Price Analysis
Chainlink (LINK) is another gainer today, as the Chainlink price stood at $18.16 as of press time after recording a daily increase of 1.6% and a weekly rise of 25%. As a result of the Chainlink price, the token’s trade volume dropped by 47% during the same period and is presently at $569M.
Chainlink to U.S. Dollar (BTC/USD) daily chart shows the Relative Strength Index (RSI) moving around the overbought region with a value of around 69, showing massive bull dominance. The Moving Average Convergence Divergence (MACD) (Blue line) is high above the signal line (orange line), suggesting a solid bullish momentum on the Chainlink price.
Tron Price Analysis
Tron (TRX) is yet another gainer today, as the Tron price stood at $0.118 as of press time after recording a daily increase of 1.2% and a weekly rise of 5.7%. As a result of the Tron price, the token’s trade volume dropped by 3.9% during the same period and is presently at $170M.
Tron to U.S. Dollar (TRX/USD) daily chart shows the Relative Strength Index (RSI) moving around the overbought region with a value of around 69, also showing massive bull dominance. The Moving Average Convergence Divergence (MACD) (Blue line) is high above the signal line (orange line), suggesting a solid bullish momentum on the Tron price.
Ethereum Classic Price Analysis
Ethereum Classic (ETC) is our last gainer today, as the Ethereum Classic price stood at $25.46 as of press time after recording a daily increase of 3.13% and a weekly rise of 6.5%. As a result of the Ethereum Classic price, the token’s trade volume jumped by 0.26% during the same period and is presently at $210M.
Ethereum Classic to U.S. Dollar (TRX/USD) daily chart shows the Relative Strength Index (RSI) moving around the neutral with a value of around 47, showing some consolidation. The Moving Average Convergence Divergence (MACD) histograms are also reverting towards the green zone, backing the bullish prospects on the Ethereum Classic price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-link-trx-etc/