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Markets have started on mild bull activity, as seen from the global market cap, which has jumped by 0.5% from its previous 24-hour one, as the total cap stood at $1.64T as of press time. The fear and greed index is 57, as markets remain neutral.
Bitcoin Price Analysis
Bitcoin (BTC) has seen minimal bull activity in today’s session as the Bitcoin price stood at $41.5K as of press time, representing a 0.22% pump in the last 24 hours to take the weekly drop to 2.7%. Bitcoin’s trading volume has dropped by 16% over the same period to stand at $22B.
Bears have a grip on the crypto king, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index is stunted below 50, showing bear momentum on BTC. The MACD indicator, on the other hand, is reverting towards the green zone, showing bull action on the Bitcoin price as well.
Ethereum Price Analysis
Ethereum (ETH) has also failed to post gains today as the Ethereum price stood at $2467 as of press time, representing a 0.7% decrease in the last 24 hours as the weekly drop stood at 2.8%. The trading volume has dropped by 16% to $9.8B.
An in-depth analysis of the ETH/USD charts also shows that bears are in control of ETH markets, as shown by the Relative Strength Index indicator, which is currently on a southern trajectory, showing bear pressure on the Ethereum price. On the other hand, the MACD indicator has also shifted to the red zone, backing bearish prospects on the Ethereum price.
Litecoin Price Analysis
Litecoin (LTC) is among today’s top gainers as the Litecoin price stood at $71.22 as of press time, representing a 3.2% increase in the last 24 hours as the weekly rise stood at 0.02%. The trading volume has jumped by 9.8% to $465M.
An in-depth analysis of the LTC/USD charts shows that bulls control LTC markets, as shown by the Relative Strength Index indicator. It is holding above 50, showing bull pressure on the Litecoin price. On the other hand, the MACD indicator has also shifted to the green zone, backing bearish prospects on the Litecoin price.
Chiliz Price Analysis
Chiliz (CHZ) is also among today’s top gainers as the Chiliz price stood at $0.097 as of press time, representing a 5.6% increase in the last 24 hours as the weekly rise stood at 14%. The trading volume has jumped by 14% to $130M.
An in-depth analysis of the CHZ/USDT charts shows that bulls are in control CHZ markets, as shown by the Relative Strength Index indicator, as it holds for the overbought region, showing bull pressure on the Chiliz price. On the other hand, the MACD indicator is in the green zone, backing the bullish prospects on the chiliz price.
Helium Price Analysis
Helium (HNT) is our last gainer today as the Helium price stood at $6.7 as of press time, representing a 2.3% increase in the last 24 hours as the weekly drop stood at 7%. The trading volume has dropped by 24% to $14.7M.
An in-depth analysis of the HNT/USD charts shows looming corrections on LTC markets, as shown by the Relative Strength Index indicator. It is moving south as it approaches a cross-over below 50, showing mounting selling pressure on the Helium price. On the other hand, the MACD indicator has also shifted to the red zone, backing bearish prospects on the Helium price.
