October 26 Crypto Analysis: BTC, ETH, DOGE, SHIB, LDO

Crypto News- October 26 Crypto Analysis, the financial markets are showing a bullish trend, with the global market cap currently sitting 0.21% higher than its level in the last 24 hours, reaching a total cap of $1.26 trillion in the latest update. The fear and greed index is currently at 71, indicating that greed is the prevailing sentiment among investors. However, it’s important to note that global trading volume has declined by 37% in the past 24 hours, now standing at $57.9 billion.

October 26 Crypto Analysis: BTC, ETH, DOGE, SHIB, LDO

Bitcoin Price Analysis:

Bitcoin (BTC) is once again in a bullish phase, with its price at $34.5K as of the latest data. This represents a daily increase of 1.3% and a weekly gain of 22%. However, this surge in Bitcoin’s price has resulted in a 47% drop in its trading volume during the same period, which now stands at $28.6 billion. Technical indicators such as the Bollinger Bands are diverging, indicating high volatility, and the Relative Strength Index (RSI) is in the overbought territory, showing a strong bullish dominance.

Ethereum Price Analysis:

Ethereum (ETH) is also on a bullish run, with its price at $1809, despite a 1% daily decrease. The weekly increase stands at 16.5%. The trade volume for ETH has decreased by 20% during the same period, currently at $9.4 billion. Similar to Bitcoin, Ethereum’s Bollinger Bands are diverging, signaling high volatility, and the RSI is in the overbought region, indicating a strong bullish sentiment.

Dogecoin Price Analysis:

Dogecoin (DOGE) is one of today’s gainers, with a price of $0.07. It experienced a daily decrease of 6.7%, but the weekly rise is at 21.1%. The trade volume for DOGE has surged by 45% during the same period, currently at $718.3 million. Dogecoin’s Bollinger Bands are diverging, indicating high volatility, and the RSI is in the overbought region, highlighting a strong bullish sentiment.

Shiba Inu Price Analysis:

Shiba Inu (SHIB) has also joined the bullish activity, with a price of $0.000007982, despite a 7.4% daily decrease. The weekly rise for SHIB stands at 18.4%, and its trade volume has increased by 35%, now at $328.6 million. SHIB’s Bollinger Bands are diverging, suggesting high volatility, and the RSI is near the overbought region, indicating bullish effects.

Lido DAO Price Analysis:

Lido DAO (LDO) is one of today’s top gainers, with a price of $1.9, reflecting a 3.4% daily increase and a 29.2% weekly rise. The trade volume for LDO has decreased by 32% during the same period, currently at $53.1 million. Much like the other cryptocurrencies mentioned, LDO’s Bollinger Bands are diverging, signifying high volatility, and the RSI is in the overbought region, indicating a strong bullish dominance.