Crypto News – Today’s market activity is bullish.
December 5 Daily Crypto Analysis: Sector Trending Upwards Today
At press time, the total market capitalization of $1.55 trillion was the worldwide market capitalization, 1.51% higher than the previous 24-hour level. Since greed currently rules, the fear and greed index is 79. The worldwide trade volume had decreased by 27.70% in a single day, to $64.54 billion.
What Does Price Analysis Say About Bitcoin?
Bitcoin (BTC) has begun a bull run. As of the time of writing, the price of BTC was at $42.1K, up 1.30% on a daily basis and 12.57% on a weekly basis. The token’s trading volume dropped by 20.89% over that time because of fluctuations in the price of Bitcoin, and it currently stands at $27.0B.
The price of Bitcoin is highly volatile, as seen by the diverging Bollinger bands. The relative strength index (RSI), which indicates bull dominance over the price of bitcoin, is above normal in the overbought area.
What Does Price Analysis Say About Ethereum?
Bear market action has begun for Ethereum (ETH), with the price of ETH standing at $2230 at the time of writing, following a weekly increase of 9.50% and a daily rise of 0.97%. The token’s transaction volume fell by 28.51% over that time due to the Ethereum price, and it is currently valued at $11.1 billion.
The price of Ethereum is highly volatile, as seen by the diverging Bollinger bands. The Relative Strength Index (RSI) remains above average in the overbought range despite today’s decline, indicating bullish action on the price of Ethereum.
What Does Price Analysis Say About ORDI?
As of writing time, the ORDI price was $56.90, having increased 43.67% on a daily basis and 187.86% on a weekly basis. This indicates that the ORDI has begun to exhibit bullish behavior. During that same period, the price of ORDI caused the token’s trade volume to increase by 4.02%, reaching $1.02 billion now.
The ORDI price’s high levels of volatility are indicated by the diverging Bollinger bands. Bullish dominance over the ORDI price is indicated by the Relative Strength Index (RSI) being above average in the overbought area.
What Does Price Analysis Say About Celestia?
Celestia (TIA) was trading at $8.66, showing bullish activity. The price of the token had risen 37.89% over the previous week and increased 5.58% on a daily basis. The Celestia price caused the token’s transaction volume to drop by 40.18% throughout that time, to $279M now.
The price of Celestia is volatile, as indicated by the diverging Bollinger bands. The Relative Strength Index (RSI) indicates bullish activity on the Celestia price despite today’s decline because it is above average and near the overbought area.
What Does Price Analysis Say About Flow?
As of writing time, Flow (FLOW) was trading at $0.7939, up 13.95% on a daily basis and 21.91% on a weekly basis, indicating that bull activity had begun. During that same period, the price of Flow caused the token’s trade volume to increase by 176.41%, reaching $273M now.
Given the significant levels of volatility in the Flow price, the Bollinger bands are diverging. Bullish dominance over the Flow price is indicated by the Relative Strength Index (RSI) being above average in the overbought range.
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