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Daily Analysis: BTC, ETH, TRB, KAS, SOL

source-logo  blockchainreporter.net 14 September 2023 09:44, UTC

Markets are shrill riding on slight bull activity, with the global market cap sitting 0.61% above its previous 24-hour mark as the total cap still stands at $1.03T as of press time. The fear and greed index is now at 34 as fear continues to reduce.

Bitcoin price analysis

Bitcoin (BTC) has encountered minor bull activity, as Bitcoin price stands at $26.24K after recording a daily increase of 1.34%, and the weekly rise now stands at 1.88%.As a result of the Bitcoin price, the token’s trade volume dropped by 12.5% during the same period and is presently at $14B.

The Bollinger bands are now slightly diverging, showing rising volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line as bulls now dominate as the MACD moves in the green zone, showing some bull effect on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has also encountered slight bull activity, as Ethereum price stood at $1616 after recording a daily increase of 2.05%, as the weekly drop now stands at 1.2%. ETH’s trade volume dropped by 1.4% during the same period and is presently at $5.6B.

The Bollinger bands are now diverging, showing increasing volatility levels on Ethereum price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Ethereum price.

ETH 1-day chart | Source: TradingView

Tellor price analysis

Tellor (TRB) has encountered bull activity, as Tellor price stands at $32.4 after recording a daily increase of 35%, and the weekly rise now stands at 81%.As a result of the Bitcoin price, the token’s trade volume jumped by 101% during the same period and is presently at $89M.

The Bollinger bands are now diverging, showing rising volatility levels on Tellor Price. The Relative Strength Index (RSI) is above the average line in the overbought region as bulls now dominate as the MACD moves in the green zone, showing some bull effect on Tellor price.

TRB 1-day chart | Source: TradingView

Kaspa price analysis

Kapsa (KAS) has encountered bull activity, as Kapsa price stands at $0.04844 after recording a daily increase of 11.5%, and the weekly rise now stands at 19.4%.As a result of the Kaspa price, the token’s trade volume jumped by 65% during the same period and is presently at $30.8M.

The Bollinger bands are now diverging, showing rising volatility levels on Kaspa Price. The Relative Strength Index (RSI) is above the average line close to the overbought region as bulls now dominate while the MACD also moves in the green zone, showing some bull effect on Kaspa price.

KAS 1-day chart | Source: TradingView

Solana price analysis

Solana (SOL) has also encountered bull activity, as Solana price stood at $18.73 after recording a daily increase of 4.9%, as the weekly drop now stands at 4.7%. SOL’s trade volume jumped by 47% during the same period and is presently at $450M.

The Bollinger bands are now diverging, showing increasing volatility levels on Solana price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Solana price.

SOL 1-day chart | Source: TradingView
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