Bulls have control of the markets, as seen from the global market cap, which has jumped by 3.2% from its previous 24-hour one, as the total cap stood at $1.55T as of press time. The fear and greed index is 50, as neutrality strikes.
Bitcoin Price Analysis
Bitcoin has failed to post gains in today’s session, with the Bitcoin price at $39.9K as of press time, representing a 4.2% increase in the last 24 hours to bring the weekly rise to 0.44%. Bitcoin’s trading volume has jumped by 30% over the same period to stand at $24.4B.Â
An in-depth analysis of 24-hour BTC/USD charts reveals a struggle between bulls and bears. This is seen from the Relative Strength Index, which has reverted from its northern trajectory, showing bear action on BTC. The MACD indicator, on the other hand, is reverting towards the green zone, showing bull action on the Bitcoin price as well.
Ethereum Price Analysis
Ethereum (ETH), has posted gains as the Ethereum price stood at $2267 as of press time, representing a 2.7% decrease in the last 24 hours as the weekly drop stood at 8%. The trading volume has dropped by 4.5% to $9B.
An in-depth analysis of 24-hour ETH/USD charts also shows that bulls control ETH markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory. This asserts buying pressure on the Ethereum price. On the other hand, the MACD indicator is moving towards the green zone, backing bulliish prospects on the Ethereum price.
Solana Price Analysis
Solana (SOL), has posted gains as the Solana price stood at $92.1 as of press time, representing a 5% increase in the last 24 hours as the weekly rise stood at 0.6%. The trading volume has jumped by 38% to $2B.
An in-depth analysis of 24-hour SOL/USD charts also shows that bulls control SOL markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory. This asserts buying pressure on the Solana price. On the other hand, the MACD indicator is moving towards the green zone, backing bulliish prospects on the Solana price.
Polygon Price Analysis
Polygon (MATIC), has posted gains as the Polygon price stood at $0.763 as of press time, representing a 3.7% increase in the last 24 hours as the weekly rise drop at 0.4%. The trading volume has jumped by 5% to $236M.
An in-depth analysis of 24-hour MATIC/USD charts also shows that bulls control MATIC markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory. This asserts buying pressure on the Polygon price. On the other hand, the MACD indicator is moving towards the green zone, backing bulliish prospects on the Polygon price.
Injective Price Analysis
Injective (INJ), is our last gainer as the Injective price stood at $34.1 as of press time, representing a 5% increase in the last 24 hours as the weekly drop stood at 3.2%. The trading volume has jumped by 11% to $117M.
An in-depth analysis of 24-hour INJ/USD charts also shows that bulls control INJ markets, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory. This asserts buying pressure on the Injective price. On the other hand, the MACD indicator is moving towards the green zone, backing bulliish prospects on the Injective price.
