Crypto News – Because of their dynamic nature, cryptocurrencies are constantly changing on a daily, hourly, and even second-by-second basis. For this reason, daily price analysis in crypto is of great importance.
Daily Price Analysis in Crypto for September 19
As of the article’s writing time, the total market size is still $1.12T, with markets riding a minor bull trend. Moreover, the global market cap is currently 0.31% above its previous 24-hour mark. The index of fear and greed is unchanged at 38.
Bitcoin (BTC)
Bitcoin price is now $27,340.85 after registering a daily increase of 0.43%, and the weekly growth is now 4.3%, indicating a minor bullish trend for BTC. The price of Bitcoin caused the token’s trade volume, which is currently at $15B, to increase throughout that time.
The Relative Strength Index (RSI) rises above the average line as bulls take control, and the Bollinger bands converge to signal declining volatility levels on the price of bitcoin. In contrast, the MACD swings in the green region, indicating a positive influence on the price of Bitcoin.
Ethereum (ETH)
Ethereum price was $1,651.87 following a daily increase of 3.04%. The weekly increase is currently 3.17%, suggesting that there has been some modest bullish action for ETH as well. Moreover, the current trade volume for ETH is $4.7B, up significantly over the same time period.
As volatility levels on the price of Ethereum decline, the Bollinger bands are currently convergent. As bulls continue to dominate, the Relative Strength Index (RSI) is above the average line, and the MACD is moving in the green zone, which indicates that bull influences are having a positive impact on the price of Ether.
VeChain (VET)
The price of VET, which had a daily increase of 2.5% and a weekly increase of 11.20%, stood at $0.0.01774 following some sporadic bullish action. The trade volume for VET is currently $29M.
The VeChain price’s declining volatility is indicated by the diverging Bollinger bands. As bulls continue to rule, the Relative Strength Index (RSI) is above the average line, and the MACD is moving in the green zone, which indicates that the price of VeChain is also being influenced by bulls.
Injective (INJ)
Injective price was $7.50 following a daily increase of 1.72%, and the weekly increase is currently 9.86%. This indicates that INJ has also had some modest bull activity.
With a minor divergence of the Bollinger bands, the price of an Injective is showing higher degrees of volatility. INJ price is showing bull effects as the MACD moves in the green zone and the Relative Strength Index (RSI) rises above the average line as bulls push towards the overbought region.
Compound (COMP)
After recording a daily increase of 0.74%, the compound price was $39.52. The current weekly increase is 7.65%, indicating that COMP has also had some bull activity.
The volatility levels for Compound price are showing a fall as the Bollinger bands move closer together. Because bulls are in charge, the MACD is moving in the green zone, the Relative Strength Index (RSI) is above the average line, and the RSI is above the average line. These indicators show that bulls are influencing the Compound’s price.
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