Bulls are struggling to take control of markets, as seen from the global market cap, which has jumped by 0.04% from its previous 24-hour one, as the total cap stood at $1.69T as of press time. The fear and greed index is 63, as greed now creeps back in.
Bitcoin Price Analysis
Bitcoin (BTC), the crypto king, has failed to show resilience today as the Bitcoin price stood at $42.6K as of press time, representing a 0.15% pump in the last 24 hours to bring the weekly drop to 6.9%. Bitcoin’s trading volume has jumped by 15% over the same period to stand at $24.1B.
The future price trajectory for the Bitcoin price now holds some uncertainty, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index indicator moves south having crossed below 50, showing building bear momentum on BTC. The MACD indicator, on the other hand, is moving in the red zone showing bearishness as bulls and bears now struggle for dominance.
Ethereum Price Analysis
Ethereum (ETH) has also posted minor gains today as the Ethereum price stood at $2547 as of press time, representing a 0.8% increase in the last 24 hours as the weekly rise stood at 7%. The trading volume has jumped by 30% to $11.3B.
An in-depth analysis of the ETH/USD charts also shows that bears are in control of ETH as shown by the Relative Strength Index indicator, which is currently on a southern trajectory, showing bear pressure on the Ethereum price. On the other hand, the MACD indicator is reverting toward the red zone, supporting the bearish prospects on the Ethereum price.
Uniswap Price Analysis
Uniswap (UNI) has also failed to post gains today as the Uniswap price stood at $6.7 as of press time, representing a 1.6% decrease in the last 24 hours as the weekly rise stood at 10%. The trading volume has dropped by 16% to $107M over the same period.
Uniswaps future trajectory also remains uncertain as revealed by an in-depth analysis of the UNI/USDT charts. This is shown by the Relative Strength Index indicator, which is currently on a southern trajectory, showing bear pressure on the Ethereum price. On the other hand, the MACD indicator is reverting toward the green zone, showing bearish prospects on the Uniswap price as well.
WOO Price Analysis
WOO (WOO) is our first gainer today as the WOO price stood at $0.442 as of press time, representing a 5.8% increase in the last 24 hours as the weekly rise stood at 7.6%. The trading volume has jumped by 90% to $38M.
An in-depth analysis of 1-day WOO/USDT charts reveals that bulls are in control of WOO as shown by the Relative Strength Index indicator, which is now above 50 as bulls push for the overbought region. On the other hand, the MACD indicator is reverting toward the green zone, supporting the bullish prospects on the Woo price.
Chainlink Price Analysis
Chainlink (LINK) is our last gainer today as the Chainlink price stood at $15.6 as of press time, representing a 4% increase in the last 24 hours as the weekly rise stood at 14.5%. The trading volume has dropped by 8% to $574M.
An in-depth analysis of the LINK/USD charts also shows that bulls are in control of LINK as shown by the Relative Strength Index indicator, which is currently on a northern trajectory, showing bull dominance on the Chainlink price. On the other hand, the MACD indicator is also in the green zone, supporting the bullish prospects on the Chainlink price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-link-woo-uni/