Crypto News – Today’s market activity is bullish. But is it the same for BTC, ETH, ARK, XRM, and SAND?
Daily Crypto Price Analysis: There Is Strong Volatility Alongside Bullish Movements in the Market
As of press time, the worldwide market capitalization is 1.54% more than it was 24 hours ago, with a total value of $1.28 trillion. With greed currently ruling, the fear and greed index is at 72. The global trading volume was $36.59 billion, a 72.95% increase in just one day.
BTC Price Analysis
As of the time of this writing, the price of Bitcoin (BTC) was $34.6K, up 0.38% on a daily basis and 12.52% on a weekly basis. This indicates that the cryptocurrency has begun to experience some bullish activity. During that same period, the price of Bitcoin caused the token’s trade volume to increase by 88.44%, reaching $16.3B now.
The current divergence of the Bollinger bands indicates high levels of volatility in the price of Bitcoin. The overbought overlaid by the Relative Strength Index (RSI) indicates bullish dominance in the price of Bitcoin.
ETH Price Analysis
The price of Ethereum (ETH), which has also begun to exhibit some bullish activity, is currently at $1.817 following a daily gain of 1.27% and a weekly increase of 8.07%. The trade volume of ETH increased by 95.03% in the same time frame, reaching $7.1 billion at the moment.
The Relative Strength Index (RSI) climbs above the average line around the overbought zone, indicating bullish dominance on the Ethereum price, while the Bollinger bands diverge, indicating high volatility levels on the Ethereum price.
ARK Price Analysis
The price of Ark (ARK), which saw a daily climb of 27.58% and a weekly rise of 109.67%, is currently at $0.9276. The cryptocurrency has also begun to exhibit some bullish activity. During the same period, ARK’s transaction volume increased by 24.12% and is currently $370M.
In the overbought region, the Relative Strength Index (RSI) rises above the average line, indicating bullish dominance on the Ark price, while the Bollinger bands diverge, indicating high volatility levels on the Ark price.
XMR Price Analysis
The price of Monero (XMR), which has also begun to exhibit some bullish activity, is currently at $174.03 following a daily gain of 6.05% and a weekly increase of 9.27%. During that time, XMR’s transaction volume increased by 207.82%, reaching $159.4M now.
In spite of the rally, the Relative Strength Index (RSI) is moving below the average line, indicating bear dominance over the price of Monero. The Bollinger bands are diverging, indicating high levels of volatility in the market.
SAND Price Analysis
While the weekly growth is currently at 15.05%, the Sandbox (SAND) price decreased to $0.3552 following a daily decrease of 0.02%. In that same time frame, SAND’s transaction volume increased by 90% to $128M.
As the Relative Strength Index (RSI) pushes over the average line around the overbought region, indicating bull dominance on SAND price, the Bollinger bands diverge, indicating high volatility levels on SAND price.
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