Crypto News – As the calendar turns to October 9 and a brand-new week begins, what is the state of play in the cryptocurrency sector?
October 9 Daily Price Analysis: Which Direction Are the Arrows Pointing for BTC, ETH, BNT, BAT, and COTI?
Today’s market activity was gloomy as the week got underway. The overall amount of global market capitalization, which is $1.08T as of this writing, is 0.65% lower than it was 24 hours earlier. As markets remain neutral, the fear and greed index is unchanged at 45. So, what does the analysis say about BTC, ETH, BNT, BAT, and COTI while the market is not looking so good?
Bitcoin Daily Analysis
The price of BTC was $27.79K as of writing time, down 0.54% on the day and 1.83% on the week. Today’s trading has been slightly bearish. The token’s trade volume increased by 16.91% and is now $7.9B as a result of the decline in the price of Bitcoin. The Relative Strength Index (RSI) has moved above the average line, indicating a bullish effect on the price of Bitcoin, while the Bollinger bands are now slightly diverging, indicating growing volatility levels.
Ethereum Daily Analysis
Ethereum price was at $1617 after registering a daily decrease of 0.79%, and ETH is presently falling on minute bear action. The weekly decline is now at 6.72%. The current trade volume for ETH is $3.5B, up 32.95% over the same time frame. The Bollinger bands have started to gradually diverge, indicating that the price of Ethereum is becoming more volatile. However, the Relative Strength Index (RSI), which indicates the price of Ethereum, is currently below the average line.
Bancor Daily Analysis
BNT is riding a wave of intense bullish activity. The weekly increase is now $0.5816 after registering a daily rise of 22.43%. During the same time frame, BNT’s trading volume increased by 870.03% and is now $289M. The Bollinger bands have fully diverged, indicating extreme levels of volatility. The overbought area of the Relative Strength Index (RSI), which indicates some bullish control over the price of Bancor, is above the average line.
Basic Attention Token Daily Analysis
With a daily increase of 0.72% and a weekly decline of 5.15%, BAT is also benefiting from bullish activity. The BAT price was $0.1745 as of this writing. The current trade volume for BAT is $42.5M, up 336.77% over the same time period. With consistent volatility levels on BAT price, the Bollinger bands are getting closer together. Although it is below the average line, the Relative Strength Index (RSI) is still displaying some bearish impacts on the price of BAT.
COTI Daily Analysis
The price of COTI, which is also benefiting from ferocious bull activity, was $0.04293 at the time after registering a daily climb of 9.41%. The weekly drop is currently 1.14%. The trade volume for COTI increased by 1836.22% in the corresponding time frame and is now $30.2M. The price of COTI is more volatile now that the Bollinger bands have somewhat diverged. The Relative Strength Index (RSI), which displays some bullish impacts on the price of COTI, is above the average line.
Leave a comment