Markets are still riding on mild bull activity, as seen from the global market cap, which has jumped by 0.22% from its previous 24-hour one, as the total cap stood at $1.69T as of press time. The fear and greed index is 61, as the greed index dominates.
Bitcoin Price Analysis
Bitcoin (BTC) has been dominated by bears today as the Bitcoin price stood at $41.1K as of press time, representing a 3.8% pump in the last 24 hours to take the weekly drop to 10%. Bitcoin’s trading volume has jumped by 34% over the same period to stand at $27.2B.
Bears have a full grip on the crypto king, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index indicator is moving south as it crosses below 50, showing building bear momentum on BTC. The MACD indicator, on the other hand, is in the red zone, showing bear dominance on the Bitcoin price.
Ethereum Price Analysis
Ethereum (ETH) has also failed to post gains today as the Ethereum price stood at $2462 as of press time, representing a 2.8% decrease in the last 24 hours as the weekly drop stood at 4.9%. The trading volume has jumped by 13% to $12B.
An in-depth analysis of the 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, showing bear pressure on the Ethereum price. On the other hand, the MACD indicator has shifted to the red zone, backing bearish prospects on the Ethereum price.
Celestia Price Analysis
Celestia (TIA) is also facing bull dominance as the Celestia price stood at $17 as of press time, representing a 6.6% decrease in the last 24 hours as it faces corrections amid the recent pump that took it 10% above its previous 7-day price.
An in-depth analysis of the TIA/USD charts shows a struggle between bulls and bears for dominance, as shown by the Relative Strength Index indicator currently moving on a northern trajectory, showing bull action on the Ethereum price. On the other hand, the MACD indicator has shifted to the red zone, to show bear prospects on the Celestia price.
Blur Price Analysis
Blur (BLUR) is also facing corrections today as the Blur price stood at $0.639 as of press time, representing a 3.4% decrease in the last 24 hours to bring the weekly rise to 14.9%. The trading volume has jumped by 104% to $530M.
An in-depth analysis of the BLUR/USD charts also shows a struggle between bulls and bears for dominance, as shown by the Relative Strength Index indicator currently moves on a northern trajectory as it heads for the overbought region, showing bull action on the Blur price, while on the other hand, the MACD indicator is reverting towards the red zone, to show bear prospects as well on the Blur price.
HEX Price Analysis
HEX (HEX) wraps up our list today as it also faces corrections with the HEX price standing at $0.00993 as of press time, representing a 5% decrease in the last 24 hours to bring the weekly drop to 8.5%. The trading volume has jumped by 126% to $4.1M.
An in-depth analysis of the HEX/USD charts also shows bear dominance, as shown by the Relative Strength Index indicator currently moving south, showing bear pressure on the HEX coin, while on the other hand, the MACD indicator is reverting towards the red zone, to backing the bear prospects on the HEX price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-tia-blur-hex/