Crypto News – While the cryptocurrency market was bullish at the start of the day, at the time of writing, it is down slightly.
October 19 Daily Price Analysis: BTC, ETH, BLUR, FLOKI, and UNI Rising or Falling Sharply?
As of writing time, the total market cap is currently $1.08 trillion, down 1.05% from its last 24-hour high. In spite of the markets’ continued neutrality, the fear and greed index remains at 47. On the other hand, the global trade volume was $38B, down 16.55% in a day.
Bitcoin Price Movements
As of writing time, Bitcoin (BTC) was trading at $28.5K, an increase of 0.62% on the day and 6.75% on the week. This shows that Bitcoin is somehow holding its ground even as the market remains bearish. On the other hand, the token’s trade volume, which is currently $11.6B, declined by 22.20% over the same time period.
Now that the Bollinger bands are diverging, the price of Bitcoin is demonstrating higher degrees of volatility. Despite the decline, the Relative Strength Index (RSI) is above the average line, indicating bullish activity in the price of Bitcoin.
Ethereum Price Movements
The price of Ethereum (ETH) was $1555 following a daily decline of 1.24%, and the weekly growth is currently 0.70%. This suggests that there is some modest bear movement. In addition, the current $4.3B transaction volume for ETH has decreased by 18.07% over the last 24 hours. As the Relative Strength Index (RSI) drops below the average line and shows bearish impacts on the price of Ethereum, the Bollinger bands are currently diverging and displaying high levels of volatility.
Blur Price Movements
The price of Blur (BLUR) is currently $0.1776 after declining by 2.31% on a daily basis. However, the weekly increase is 15.33%. The current $305M transaction volume for BLUR increased by 161.90% during the same time frame. As the Relative Strength Index (RSI) rises over the average line and the Bollinger bands begin to diverge, the Blur price is now experiencing extreme levels of volatility.
Floki Price Movements
The price of Floki (FLOKI) was $0.00001817 after a daily decline of 7.06%, and the weekly increase is currently 8.95%. The current transaction volume for Floki is $33.6M, up 56.68% over the previous week. Nevertheless, the price of Floki is riding the bear trend. When the Relative Strength Index (RSI) crosses below the average line and the Bollinger bands converge, it indicates low volatility levels for the Floki price.
Uniswap Price Movements
Uniswap (UNI) was bullish at the start of the day but switched to bearish at the time of writing. After falling 1.12% on the day and 4.33% on the week, UNI is trading at $3.89. The current trade volume for Uniswap is $40.4M, a decrease of 27.81% over the same time period. As the Relative Strength Index (RSI) drops below the average line, indicating bear impacts on the Uniswap price, the Bollinger bands are diverging, and the Uniswap price is showing high volatility levels.
Leave a comment