Crypto News – Although the market has been a bit volatile these days, many cryptocurrencies have been bullish today.
November 23 Daily Crypto Price Analysis Says Bulls Rule the Market
As of writing time, the global market capitalization is $1.41T, which is 1.38% higher than its previous 24-hour mark. As greed continues to rule, the fear and greed index is at 73. Moreover, $52.06 billion was the global trade volume, a 20.72% decrease in a day.
Daily Analysis of Bitcoin Price
After registering daily gains of 1.64% and weekly gains of 1.52%, the price of Bitcoin (BTC) was at $37.2K at the time of writing. This indicates that the cryptocurrency has begun to exhibit bullish behavior. The token’s trading volume decreased by 23.93% over the same time period due to the price of Bitcoin, and it is currently trading at $21.4B.
Bitcoin’s price is not extremely volatile because the Bollinger bands are near to one another. Even though the price of Bitcoin has increased, bear activity is still evident as the Relative Strength Index (RSI) is below the average line.
Daily Analysis of Ethereum Price
Ethereum (ETH) has begun to exhibit bullish activity. The price of ETH is currently at $2060, having increased by 1.58% on a daily basis and 1.71% on a weekly basis. During that time, ETH’s trade volume decreased by 28.32% to $11.3B.
Given that the Relative Strength Index (RSI) is below the average line and indicates bear activity on the Ethereum price despite the climb, the Bollinger bands are widely spaced, indicating significant levels of volatility on the price of Ethereum.
Daily Analysis of Blur Price
The price of Blur (BLUR) rose 11.41% on a daily basis and 48.21% on a weekly basis, signaling the beginning of bull activity. Over that time, BLUR’s transaction volume increased by 62.69% to $922M.
Given that the Relative Strength Index (RSI) is above the average line in the overbought region and indicates bull dominance on the Blur price, the Bollinger bands are diverging, indicating significant levels of volatility on the Blur price.
Daily Analysis of Uniswap Price
The price of Uniswap (UNI), which recorded a daily increase of 14.75% and a weekly rise of 17.67%, is currently $6.33. This indicates that Uniswap has also begun to demonstrate bullish activity. UNI’s trade volume increased by 52.46% in the same time frame and is at $456 million.
The Relative Strength Index (RSI), which is above the average line near the overbought zone and indicates bull dominance on the Uniswap price, is indicating high volatility levels on the price. The Bollinger bands are diverging to support this.
Daily Analysis of Worldcoin Price
With a 5.67% weekly increase, the price of Worldcoin (WLD) has decreased to $2.33 from an 8.30% daily drop. Thus, for Worldcoin bearish activity has started. WLD‘s transaction volume fell by 36.56% in the same period, amounting to $151M at present.
The Relative Strength Index (RSI), which is below the average and indicates bear activity on the Worldcoin price, is diverging with the Bollinger bands, indicating significant levels of volatility on the Worldcoin price.
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