Bulls are pushing for a comeback, as seen from the global market cap, which has jumped by 0.16% from its previous 24-hour one, as the total cap stood at $1.68T as of press time. The fear and greed index is 53, as neutrality strikes markets markets.
Bitcoin Price Analysis
Bitcoin (BTC), the number one crypto, has once again failed to show dominance today as the Bitcoin price stood at $42.6K as of press time, representing a 0.75% plunge in the last 24 hours to bring the weekly drop to 2.9%. Bitcoin’s trading volume has jumped by 19% over the same period to stand at $19.7B.
The future price trajectory for Bitcoin is uncertain, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index indicator is moving north as it approaches 50, showing bull action on BTC. The MACD indicator, on the other hand, is in the red zone, showing bearish prospects as well on the Bitcoin price.
Ethereum Price Analysis
Ethereum (ETH) has also failed to post gains today as the Ethereum price stood at $2511 as of press time, representing a 1.3% increase in the last 24 hours as the weekly rise stood at 12.9%. The trading volume has dropped by 6% to $9.9B.
An in-depth analysis of the ETH/USD charts reveals a struggle by bulls and bears as well on ETH, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory as it approaches the overbought region, showing bull pressure on the Ethereum price. On the other hand, the MACD indicator is reverting towards the green zone showing bullish prospects for ETH.
Toncoin Price Analysis
Toncoin (TON) is among today’s few gainers as the Toncoin price stood at $2.35 as of press time, representing an 11.6% increase in the last 24 hours as the weekly rise stood at 8.14%. The trading volume has jumped by 121% to $92 million.
An in-depth analysis of the TON/USD charts reveals dominance by bulls, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory as it approaches the overbought region, showing bull pressure on the Toncoin price. On the other hand, the MACD indicator is also in the green zone showing bullish prospects for TON.
Sui Price Analysis
Sui (SUI) is another gainer as the Toncoin price stood at $2.35 as of press time, representing an 11.6% increase in the last 24 hours as the weekly rise stood at 8.14%. The trading volume has jumped by 121% to $92 million.
An in-depth analysis of the SUI/USD charts reveals dominance by bulls, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory as moves in the overbought region, showing bull pressure on the Sui price. On the other hand, the MACD indicator is also in the green zone supporting bullish prospects for SUI.
FTX Token Price Analysis
FTX Token (FTT) is another gainer as the FTX Token price stood at $2.35 as of press time, representing an 8% increase in the last 24 hours as the weekly rise stood at 28%. The trading volume has jumped by 52% to $47 million.
An in-depth analysis of the FTT/USD charts reveals dominance by bulls, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory as it approaches the 50 mark, showing bull pressure on the FTX Token price. On the other hand, the MACD indicator is also in the green zone supporting bullish prospects for FTT.
