Crypto News – During today’s trading session, most of the cryptocurrencies showed upward movements.
November 10 Daily Crypto Analysis: Bulls Dominate the Market
With the global market cap at $1.41T at the time of writing, 2.96% above its previous 24-hour mark, the markets are experiencing bullish action today. Since greed still rules, the fear and greed index is at 77. Global trading volume fell by 12.30% to $76.73 billion in the last 24 hours.
November 10 Bitcoin Price Analysis
As of the time of writing, the price of Bitcoin (BTC) was $37.3K, up 3.98% on a daily basis and 7.60% on a weekly basis. Over the same time period, the price of Bitcoin caused the token’s trade volume to drop by 27.22%, to $26.3B today.
Given the distance between the Bollinger bands, the price of bitcoin is highly volatile. The overbought position indicates bull dominance in the price of bitcoin, as indicated by the Relative Strength Index’s (RSI) above-average line.
November 10 Ethereum Price Analysis
The price of Ethereum (ETH) is currently at $2,097, following a daily gain of 5.23% and a weekly increase of 15.60%. Ethereum has begun a major bull run. Over that same time frame, ETH’s trade volume increased by 7.85% to reach $20.2 billion.
Given that the Relative Strength Index (RSI) is above the average line in the overbought region and indicates bull dominance on the Ethereum price, the Bollinger bands are diverging, indicating significant levels of volatility on the pair.
November 10 Lido DAO Price Analysis
After registering a daily gain of 11.25% and a weekly climb of 28.64%, the Lido DAO (LDO) price stood at $2.33, indicating a massive bull run. During that time, LDO’s trade volume increased by 121.32%, reaching $334.4M at the moment.
Given that the Relative Strength Index (RSI) is above the average line in the overbought region and indicates bull dominance on the LDO price, the Bollinger bands are diverging, indicating high levels of volatility on the trading day.
November 10 ORDI Price Analysis
The price of ORDI (ORDI) was $19.46 after registering a daily increase of 6.96%, and the weekly increase is currently 240.71%. Bullish activity has also started to emerge in ORDI. ORDI’s transaction volume reached $653M, a 16.96% rise over the same period.
When we look at the Relative Strength Index (RSI), which is above the average line in the overbought region and indicates bull dominance on the ORDI price, we can see that the Bollinger bands are diverging, indicating high levels of volatility.
November 10 THORChain Price Analysis
The price of THORChain (RUNE) was $3.95, following a daily increase of 4.39%; the weekly increase is currently 25.3%. RUNE’s transaction volume, which is currently $284 million, fell by 15.64% over that time.
Although there has been an upswing in the price of RUNE, there is still bear activity evident as the Relative Strength Index (RSI) is below the average line, indicating high volatility levels on the market.
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