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Daily Analysis: BTC, ETH, LPT, OGN, MATIC

source-logo  blockchainreporter.net 02 October 2023 09:05, UTC

Markets are riding on bull activity today, with the global market cap sitting 0.9% above its previous 24-hour mark, as the total cap still stands at $1.09T as of press time. The fear and greed index is now at 42, as markets remain at a neutral state.

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity, as Bitcoin price stood at $28.1K as of press time after recording a daily increase of 3.5% and a weekly rise of 7.6%. As a result of the Bitcoin price, the token’s trade volume jumped by 122% during the same period and is presently at $12.5B.

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

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bull activity, as Ethereum price stood at $1724 after recording a daily increase of 2.6%, as the weekly rise now stands at 9.2%. ETH’s trade volume jumped by 89% during the same period and is presently at $6.1B.

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

ETH 1-day chart | Source: TradingView

Livepeer price analysis

Livepeer (LPT) is also riding on bull activity, as Livepeer price stood at $6.5 after recording a daily increase of 16%, as the weekly rise now stands at 17%. LPT’s trade volume jumped by 506% during the same period and is presently at $143M.

The Bollinger bands are now diverging, showing rising volatility levels on Livepeer Price. The Relative Strength Index (RSI) is still above the average line, as bulls dominate Livepeer price while the MACD moves in the green zone, asserting bull domination Livepeer.

LPT 1-day chart | Source: TradingView

Origin Protocol price analysis

Origin Protocol (OGN) is also riding on bull activity, as Origin Protocol price stood at $0.1487 after recording a daily increase of 9.8%, as the weekly rise now stands at a massive 65.3%. OGN’s trade volume dropped by 37% during the same period and is presently at $224.5M.

The Bollinger bands have completely diverged, showing high volatility levels on Origin Protocol Price. The Relative Strength Index (RSI) is still above the average line in the overbought region, as bulls dominate OGN price while the MACD also moves high in the green zone, asserting bull domination OGN price.

OGN 1-day chart | Source: TradingView

Polygon price analysis

Polygon (MATIC) is also riding on bull activity, as Polygon price stood at $0.5625 after recording a daily increase of 4.8%, as the weekly rise now stands at 9.3%. Polygon’s trade volume jumped by 61% during the same period and is presently at $380.9.

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

MATIC 1-day chart | Source: TradingView
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