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Daily Analysis: BTC, ETH, BNT, BAT, COTI

source-logo  blockchainreporter.net 09 October 2023 09:03, UTC

Markets have started the week on bear activity today, with the global market cap sitting 0.8% below its previous 24-hour mark, as the total cap stands at $1.09T as of press time. The fear and greed index is still at 46, as neutrality dominates markets.

Bitcoin price analysis

Bitcoin (BTC) has started on slight bear activity today, as Bitcoin price stood at $27.89K as of press time after recording a daily decrease of 0.21% and a weekly rise of 3%. As a result of the Bitcoin price, the token’s trade volume jumped by 7% during the same period and is presently at $7.4B.

The Bollinger bands are now slightly diverging, showing rising volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves above the average line showing bull effect on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is however riding on minute bull activity, as Ethereum price stood at $1629 after recording a daily increase of 0.01%, as the weekly drop now stands at 5.4%. ETH’s trade volume jumped by 18% during the same period and is presently at $3.2B.

The Bollinger bands have slightly diverged, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is however below the average line, showing some bear effects on Ethereum price.

ETH 1-day chart | Source: TradingView

Bancor price analysis

Bancor (BNT) is riding on massive bull activity, as Bancor price stood at $0.6117 after recording a daily increase of 0.01%, as the weekly rise now stands at $0.6117. BNT’s trade volume jumped by 2275% during the same period and is presently at $295M.

The Bollinger bands have completely diverged, showing high volatility levels on Bancor Price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing some bull domination on Bancor price.

BN 1-day chart | Source: TradingView

Basic Attention Token price analysis

Basic Attention Token (BAT) is also riding on bull activity, as BAT price stood at $0.1776 after recording a daily increase of 2.8%, as the weekly drop now stands at 3.8%. BAT’s trade volume jumped by 323% during the same period and is presently at $39.3M.

The Bollinger bands are moving close to each other, showing stable volatility levels on BAT Price. The Relative Strength Index (RSI) is however below the average line, showing some bear effects on BAT price.

BAT 1-day chart | Source: TradingView

COTI price analysis

COTI (COTI) is also riding on massive bull activity, as COTI price stood at $0.04382 after recording a daily increase of 11.9%, as the weekly rise now stands at 0.6%. COTI’s trade volume jumped by 1681% during the same period and is presently at $27.8M.

The Bollinger bands have slightly diverged, showing increasing volatility levels on COTI Price. The Relative Strength Index (RSI) is above the average line, showing some bull effects on COTI price.

COTI 1-day chart | Source: TradingView
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