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Daily Analysis: BTC, ETH, TWT, GRT, BLUR

source-logo  blockchainreporter.net 07 November 2023 09:37, UTC

Markets are on bull activity today, with the global market cap sitting 0.06% above its previous 24-hour mark, as the total cap stands at $1.32T as of press time. The fear and greed index is at 73, as greed still dominates. The global trading volume is 28% up in 24 hours, at $38.3B as of press time.

Bitcoin price analysis

Bitcoin (BTC) has started on minor bull activity, as Bitcoin price stood at $34.9K as of press time after recording a daily increase of 0.2% and a weekly rise of 2.5%. As a result of the Bitcoin price, the token’s trade volume jumped by 26% during the same period and is presently at $13B.

The Bollinger bands are wide apart, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing some bear activity on Bitcoin price despite the uptick.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has also started on bull activity, as Ethereum price stood at $1895 after recording a daily increase of 0.9%, as the weekly rise now stands at 5.8%. ETH’s trade volume jumped by 1% during the same period and is presently at $8.4B.

The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Ethereum price.

ETH 1-day chart | Source: TradingView

Trust Wallet Token price analysis

Trust Wallet Token (TWT) has also started on bull activity, as TWT price stood at $1.61 after recording a daily increase of 8%, as the weekly rise now stands at 52%. TWT’s trade volume jumped by 113% during the same period and is presently at $405M.

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

TWT 1-day chart | Source: TradingView

The Graph price analysis

The Graph (GRT) has also started on bull activity, as GRT price stood at $0.1414 after recording a daily increase of 0.6%, as the weekly rise now stands at 33%. GRT’s trade volume jumped by 102% during the same period and is presently at $310M.

The Bollinger bands are diverging, showing high volatility levels on GRT Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on GRT price despite the dip.

GRT 1-day chart | Source: TradingView

Blur price analysis

Blur (BLUR) has also started on massive bull activity, as Blur price stood at $0.3873 after recording a daily increase of 29%, as the weekly rise now stands at 58%. BLUR’s trade volume jumped by 404% during the same period and is presently at $469M.

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

BLUR 1-day chart | Source: TradingView
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