Crypto News – As has been the case for some time now, the markets are in the grip of bearishness today. But is this the case for the 5 major tokens: BTC, ETH, SAND, RPL, and DASH?
Daily Price Analysis for BTC, ETH, SAND, RPL, and DASH – 2023
At the time of writing, global market capitalization was down 0.18% for the 24-hour level. The total global crypto cap is hovering around $1.05T, where it has been for some time. The fear and greed index continues on the fear side with 39 points.
Bitcoin Price Analysis for September 23
The price of Bitcoin (BTC), which as of press time was at $26.5K after a daily decline of 0.36% and a weekly gain of 0.15%, has started to trend slightly lower. The token’s trade volume decreased by 21.33% over the same time period, reaching $8.3B at the moment.
As bulls and bears compete for control, the Bollinger bands are currently moving in close proximity and displaying consistent volatility levels on the price of Bitcoin. The relative strength index (RSI), which is currently above the average line, is about to pass over below the line. As it rises toward the red zone, the MACD moves towards the green zone, indicating some bearish implications on the price of Bitcoin.
Ethereum Price Analysis for September 23
The price of Ethereum (ETH), which recorded a daily decline of 0.36% and a weekly decline of 2.76%, stood at $1591 as a result of the small bear activity. During the same time period, ETH’s trade volume fell by 27.85%.
Now that the Bollinger bands are somewhat diverging, the price of Ethereum is demonstrating higher degrees of volatility. While bulls attempt to cross back above the average line, the Relative Strength Index (RSI) is below it. Meanwhile, the MACD is moving in the green zone, indicating a minor uptick in the price of Ethereum. However, even though this increase was observed during the day, ETH has now switched back to a downtrend.
The Sandbox Price Analysis for September 23
The Sandbox price, which had a daily increase of 0.09% and a weekly decline of 1.51%, stood at $0.2995, indicating bull activity for SAND. During the same time period, SAND’s transaction volume decreased by 21.29%.
SAND’s volatility levels are low as the Bollinger bands are currently edging closer to one another. As bulls currently dominate, the Relative Strength Index (RSI) is above the average line, and the MACD is moving in the green zone with some small bullish activity on the SAND price.
Rocket Pool Price Analysis for September 23
The price of Rocket Pool (RPL) was $21.23 following a daily increase of 2.03%, and the weekly decline is currently 7.42%. This indicates that Rocket Pool has also experienced bull action. During the same time period, RPL’s transaction volume increased by 31.79%.
With low volatility levels on RPL price, the Bollinger bands are currently edging closer to one another. While bulls attempt to cross back above the average line, the Relative Strength Index (RSI) is below it. Meanwhile, the MACD is moving in the green zone, indicating that the price of RPL is rising.
Dash Price Analysis for September 23
Bullish action has also been seen in Dash (DASH), with the price of Dash rising by 0.57% in just one day to reach $26.61. The volume of DASH transactions fell by 20.75%.
Also indicating low volatility levels on the price of Dash are the Bollinger bands, which are quite close together. As bulls now dominate, the Relative Strength Index (RSI) is above the average line, and the MACD is moving in the bullish zone, indicating that the price of Dash is also rising.
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