Daily Analysis: BTC, ETH, LINK, MKR, BSV

Markets are on bear activity today, with the global market cap sitting 0.19% below its previous 24-hour mark, as the total cap stands at $1.26T as of press time. The fear and greed index is at 71, as greed now dominates. The global trading volume is 23% down in 24 hours, at $34.9B as of press time.

Bitcoin price analysis

Bitcoin (BTC) has started on slight bull activity, as Bitcoin price stood at $34.1K as of press time after recording a daily increase of 0.3% and a weekly rise of 14%. As a result of the Bitcoin price, the token’s trade volume dropped by 17% during the same period and is presently at $14B.

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.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has also started on slight bull activity as well, as Ethereum price stood at $1794 after recording a daily decrease of 0.77%, as the weekly rise now stands at 11%. ETH’s trade volume dropped by 20% during the same period and is presently at $6.5B.

The Bollinger bands diverge, 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.

ETH 1-day chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) has started on bull activity as well, as Chainlink price stood at $11.54 after recording a daily increase of 5.8%, as the weekly rise now stands at 44%. ETH’s trade volume rose by 8% during the same period and is presently at $825M.

The Bollinger bands diverge, showing high volatility levels on Chainlink Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Chainlink price.

LINK 1-day chart | Source: TradingView

Cardano price analysis

Cardano (ADA) has also started on slight bull activity as well, as Cardano price stood at $0.29 after recording a daily decrease of 3.5%, and the weekly rise now stands at 15%. ADA’s trade volume dropped by 13% during the same period and is presently at $190M.

The Bollinger bands diverge, showing high volatility levels on Cardano Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Cardano price.

ADA 1-day chart | Source: TradingView

Maker price analysis

Maker (MKR) has also started on bull activity as well, as Maker price stood at $1447 after recording a daily decrease of 4.4%, as the weekly rise now stands at 1.34%. MKR’s trade volume dropped by 1.4% during the same period and is presently at $80.4M.

The Bollinger bands are close to each other, showing low volatility levels on Maker Price as the Relative Strength Index (RSI) approaches a shift above the average line in the overbought region, showing bull dominance on Maker price.

MKR 1-day chart | Source: TradingView

Bitcoin SV price analysis

Bitcoin SV (BSV) has also started on slight bull activity as well, as Bicoin SV price stood at $49.4 after recording a daily increase of 8%, as the weekly drop now stands at 11%. BSV’s trade volume jumped by 40% during the same period and is presently at $103M.

The Bollinger bands are far apart, showing high volatility levels on Bitcoin SV price as the Relative Strength Index (RSI) approaches a shift above the average line in the overbought region, showing bull dominance on BSV price.

BSV 1-day chart | Source: TradingView

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