Crypto News– Today, the markets are exhibiting a strong bullish trend, with the global market cap currently hovering just 0.4% below its previous 24-hour level, totaling $1.27 trillion at the time of this report.
31 October Daily Analysis: BTC, ETH, TRB, PEPE, WLD
Notably, the fear and greed index registers at 72, signifying the dominance of greed sentiment among investors. Furthermore, the global trading volume has surged by 40% within the past 24 hours, reaching $40.1 billion as of the time of this report.
Bitcoin price analysis
Bitcoin (BTC) has shown some subtle bearish movement, with its price at $34,200 at the time of this update. It experienced a minor daily decrease of 0.02% while maintaining a modest 0.5% increase over the week. Notably, Bitcoin’s trading volume surged by 28% during this period, currently standing at $17 billion.
When analyzing the Bollinger bands, they remain notably spread out, indicating a high level of volatility in the Bitcoin price. Furthermore, the Relative Strength Index (RSI) is positioned above the average line in the overbought region, signifying bullish dominance in the Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has exhibited some modest bullish activity, with its price currently at $1,793. It has marked a slight daily increase of 0.06%, while the weekly performance shows a 1% decline. During this period, ETH’s trading volume surged by 49%, reaching $7.5 billion.
Analyzing the Bollinger bands, they remain considerably spread apart, signifying a notable level of volatility in Ethereum’s price. Additionally, the Relative Strength Index (RSI) has positioned itself above the average line, specifically in the overbought region, indicating a prevailing bullish sentiment in Ethereum’s price.
Tellor price analysis
Tellor (TRB) has begun to show signs of slight bullish activity, with the current Tellor price standing at $116.4. This represents a daily increase of 0.12%, and over the week, TRB has seen a notable rise of 37%. Notably, TRB’s trading volume has surged by 41% within the same period, now totaling $158.8 million.
When examining the Bollinger bands, they remain widely separated, indicating a high level of volatility in Tellor’s price. However, it’s worth noting that the Relative Strength Index (RSI) has moved below the average line, particularly in the overbought region. This suggests a presence of some bearish dominance on Tellor’s price, despite the small gains observed today.
Pepe price analysis
Pepe (PEPE) is currently experiencing a bullish trend, with the Pepe price at $0.000001166. It has seen a daily increase of 1.9%, contributing to a weekly rise of 24%. During this period, Pepe’s trading volume surged by 39%, reaching a total of $154 million.
Examining the Bollinger bands, they remain widely separated, signifying a considerable level of volatility in Pepe’s price. Additionally, the Relative Strength Index (RSI) has moved above the average line, particularly within the overbought region. This indicates a prevailing bullish sentiment in Pepe’s price.
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