December has been quite a busy month, with crypto prices fluctuating largely over the period amid Bitcoin ETF approval anticipations.
Bitcoin price analysis
Bitcoin (BTC), the number one crypto in the world, led the way with massive gains over the period as Bitcoin price stood at $42.4K as of press time, trading 10.5% above its previous 30-day price.
Volatility levels on Bitcoin Price have been relatively high over the month, as seen from the Bollinger bands movements, which now appear to be diverging according to the monthly charts. The RSI is moving above its average line as it heads north, showing bull dominance over the month on Bitcoin price.
Ethereum price analysis
Ethereum (ETH), in other words, the altcoin king, also saw massive gains over the period as the Ethereum price stood at $2,300 as of press time, trading 12.5% above its previous 30-day price as prospects of an Ethereum ETF also made rounds over the month.
Volatility levels on the Ethereum Price have been low over the period, as seen from the Bollinger Band movements, which now appear to be converging according to the 30-day charts. The RSI is moving above its average line as it also heads north, showing bull dominance over the month on Ethereum price.
Solana price analysis
Solana (SOL) is among the top gainers of the month after recording a 70% jump over the period for the Solana price to stand at $103.5 as of press time, with the market cap standing at an impressive $44.4 million.
Volatility levels on the Solana price have been relatively high over the month, as seen from the Bollinger Band movements, which now appear to be diverging according to the monthly charts. The RSI is moving north as it approaches entry into the overbought region, showing bull dominance over the month on the Solana price.
BNB price analysis
BNB (BNB), commonly known as Binance coin, also led the way with massive gains over the period as the BNB price stood at $316.7 as of press time, trading 38% above its previous 30-day price.
Volatility levels on BNB price have been low over the month, as seen from the Bollinger band movements, which now appear to be converging towards each other. The RSI is moving above its average line as it heads north, showing bull dominance over the month on BNB price.
Cardano price analysis
Cardano (ADA) wraps up our top gainers list of the month as it also posted gains of 61% over the period to trade at 0.604 as of press time. This comes as the market cap stood at $21.3 billion.
Volatility levels on Cardano price has been relatively low over the month, as seen from the Bollinger bands movements, which are moving close to each other. The RSI is moving above its average line as it heads north, showing bull dominance over the month on the Cardano price.
Source: https://blockchainreporter.net/monthly-analysis-btc-eth-bnb-sol-ada/