Markets have started the week with bears in control, as seen from the global market cap, which has dropped by 1.4% from its previous 24-hour one, as the total cap stood at $1.62T as of press time. The fear and greed index is 55, as markets remain neutral.
Bitcoin Price Analysis
Bitcoin (BTC) has seen mild bear activity in today’s session as the Bitcoin price stood at $42.4K as of press time, representing a 1% dump in the last 24 hours to take the weekly pump to 2.4%. Bitcoin’s trading volume has jumped by 9.5% over the same period to stand at $15B.
Bulls j]have regained grip on the crypto king, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index is now headed for 50, showing bull momentum on BTC. The MACD indicator, on the other hand, has shifted to the green zone, showing bull action on the Bitcoin price as well.
Ethereum Price Analysis
Ethereum (ETH) has also failed to post gains today as the Ethereum price stood at $2256 as of press time, representing a 1.3% decrease in the last 24 hours as the weekly drop stood at 6.3%. The trading volume has jumped by 18% to $6.8B.
An in-depth analysis of the ETH/USD charts also shows that bulls are regaining control on ETH markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory, showing bull pressure on the Ethereum price. On the other hand, the MACD indicator is also shifting towards the green zone, backing bullish prospects on the Ethereum price.
Uniswap Price Analysis
Uniswap (UNI) is facing corrections today as the Uniswap price stood at $5.97 as of press time, representing a 0.9% decrease in the last 24 hours as the weekly drop stood at 4.7%. The trading volume has jumped by 25% to $65M.
An in-depth analysis of the UNI/USD charts shows that bulls and bears are struggling for control of UNI markets, as shown by the Relative Strength Index indicator, which is currently on a southern trajectory, showing bear pressure on the Uniswap price. On the other hand, the MACD indicator is shifting towards the green zone, showing bull prospects on the Uniswap price as well.
Immutable Price Analysis
Immutable (IMX) is our other gainer of the day as the Immutable price stood at $1.4 as of press time, representing a 1.4% increase in the last 24 hours as the weekly rise stood at 7.3%. The trading volume has jumped by 24% to $58M.
An in-depth analysis of the IMX/USDT charts shows that bulls are in control of IMX markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory, showing bear pressure on the Immutable price. On the other hand, the MACD indicators is in the green zone, showing bull prospects on the Immutable price.
Conflux Price Analysis
Conflux (CFX) is facing corrections today as the Conflux price stood at $0.23 as of press time, representing a 10% increase in the last 24 hours as the weekly drop stood at 33%. The trading volume has jumped by 5.5% to $149M.
An in-depth analysis of the CFX/USDT charts shows that bulls are in control of CMX markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory, showing bear pressure on the Conflux price. On the other hand, the MACD indicator is the green zone, showing bull prospects on the Conflux price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-uni-imx-cfx/