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Daily Analysis: BTC, ETH, ORDI, TIA, FLOW

source-logo  blockchainreporter.net 05 December 2023 09:41, UTC

Markets are on bull activity today, with the global market cap sitting 1.3% above its previous 24-hour mark, as the total cap stands at $1.54T as of press time. The fear and greed index is 79, as greed now dominates. The global trading volume is 87% up in 24 hours, at $93.21B as of press time.

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity, as the Bitcoin price stood at $41.5K as of press time after recording a daily increase of 0.18% and a weekly rise of 12.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 35% during the same period and is presently at $34.2B.

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

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has started on bear activity, as the Ethereum price stood at $2199 as of press time after recording a daily decrease of 2.2% and a weekly rise of 9.45%. As a result of the Ethereum price, the token’s trade volume jumped by 24% during the same period and is presently at $14.2B.

The Bollinger bands are diverging, showing high volatility levels on the Ethereum price. Despite today’s drop, the Relative Strength Index (RSI) is above the average in the overbought region, showing bull activity on the Ethereum price.

ETH 1-day chart | Source: TradingView

ORDI price analysis

ORDI (ORDI) has started on bull activity, as the ORDI price stood at $49.17 as of press time after recording a daily increase of 15% and a weekly rise of 151%. As a result of the ORDI price, the token’s trade volume jumped by 51% during the same period and is presently at $1.13B.

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

ORDI 1-day chart | Source: TradingView

Celestia price analysis

Celestia (TIA) has on bear activity, as the Celestia price stood at $8.49* as of press time after recording a daily decrease of 8% and a weekly rise of 45%. As a result of the Celestia price, the token’s trade volume jumped by 13% during the same period and is presently at $420M.

The Bollinger bands are diverging, showing high volatility levels on the Celestia price. The Relative Strength Index (RSI) is above the average close to the overbought region, showing bull activity on the Celestia price despite today’s drop.

TIA 1-day chart | Source: TradingView

Flow price analysis

Flow (FLOW) has started on bull activity, as the Flow price stood at $0.795 as of press time after recording a daily increase of 11.4% and a weekly rise of 24.4%. As a result of the Bitcoin price, the token’s trade volume jumped by 360% during the same period and is presently at $265M.

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

FLOW 1-day chart | Source: TradingView
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