Daily Analysis: BTC, ETH, LINK, CFX, FTT
Markets are still on bull activity today, with the global market cap sitting 8.5% above its previous 24-hour mark, as the total cap stands at $1.26T as of press time. The fear and greed index is at 67 as greed takes over markets. The global trading volume is 123% up in 24 hours, at $92.7B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bull activity again, as Bitcoin price stood at $34.1K as of press time after recording a daily increase of 0.6% and a weekly rise of 19%. As a result of the Bitcoin price, the token’s trade volume dropped by 24% during the same period and is presently at $33.6B.
The Bollinger bands are now diverging, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.
Ethereum price analysis
However, Ethereum (ETH) has started on bear activity, as Ethereum price stood at $1789 after recording a daily decrease of 1.1%, as the weekly rise now stands at 13.8%. ETH’s trade volume dropped by 28% during the same period and is presently at $11.9B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Ethereum price despite today’s dip.
Chainlink price analysis
Chainlink (LINK) has started on bull activity again, as Chainlink price stood at $11.4 as of press time after recording a daily increase of 12.5% and a weekly rise of 54%. As a result of the Chainlink price, the token’s trade volume dropped by 13% during the same period and is presently at $1.1B.
The Bollinger bands are now diverging, showing high volatility levels on Chainlink Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Chainlink price.
Conflux price analysis
Conflux (CFX) has also started on bull activity again, as Conflux price stood at $0.15 as of press time after recording a daily increase of 17.4% and a weekly rise of 37.9%. As a result of the Chainlink price, the token’s trade volume jumped by 280% during the same period and is presently at $276M.
The Bollinger bands are now diverging, showing high volatility levels on Chainlink Price. The Relative Strength Index (RSI) is above the average line close to the overbought, showing bull dominance on Conflux price.
FTX Token price analysis
FTX Token (FTT) has started on bull activity again, as FTT price stood at $1.17 as of press time after recording a daily increase of 6.6% and a weekly rise of 16%. As a result of the FTT price, the token’s trade volume jumped by 116% during the same period and is presently at $42M.
The Bollinger bands are now close to each other, showing low volatility levels on FTT Price. The Relative Strength Index (RSI) is above the average line in the oversold region, showing an effort by bull on FTT price.