Daily Analysis: ETH, ADA, BTT, SOL, LINK

11.12.2023

Markets are on slight bull activity today, with the global market cap sitting 0.94% above its previous 24-hour mark, as the total cap stands at $1.64T as of press time. The fear and greed index is 82, as greed now dominates. The global trading volume is 31% down in 24 hours, at $65B as of press time.

Ethereum Price Analysis

Ethereum (ETH) is still riding on bear activity, as the Ethereum price stood at $2,334 as of press time after recording a daily decrease of 1.1% and a weekly rise of 7.8%. As a result of the Ethereum price, the token’s trade volume dropped by 30% during the same period and is presently at $8.4B.

The Bollinger bands are diverging, showing high volatility levels on the Ethereum price. The Relative Strength Index (RSI) is above the average line close to the overbought region, showing bull activity on the Ethereum price despite today’s dip.

ETH 1-day chart | Source: TradingView

Cardano Price Analysis

Cardano (ADA) is also riding on bear activity, as the Cardano price stood at $0.5784 as of press time after recording a daily decrease of 6.4% and a weekly rise of 46.2%. As a result of the Cardano price, the token’s trade volume dropped by 36% during the same period and is presently at $1.7B.

The Bollinger bands are diverging, showing high volatility levels on the Cardano price. The Relative Strength Index (RSI) is above the average close in the overbought region, showing bull activity on the Cardano price despite today’s dip.

ADA 1-day chart | Source: TradingView

BitTorrent Price Analysis

BitTorrent (BTT) is riding on bull activity, as the BitTorrent price stood at $0.000001196 as of press time after recording a daily increase of 21.1% and a weekly rise of 144%. As a result of the BitTorrent price, the token’s trade volume jumped by 22% during the same period and is presently at $181M.

The Bollinger bands are diverging, showing high volatility levels on the BitTorrent price. The Relative Strength Index (RSI) is above the average in the overbought region, showing bull dominance on the BitTorrent price.

BTT 1-day chart | Source: TradingView

Solana Price Analysis

Solana (SOL) is riding on bear activity, as the Solana price stood at $71.34 as of press time after recording a daily decrease of 6.12% and a weekly rise of 12.4%. As a result of the Solana price, the token’s trade volume dropped by 30% during the same period and is presently at $2.2B.

The Bollinger bands are diverging, showing high volatility levels on the Solana price. The Relative Strength Index (RSI) is above the average close to the overbought region, showing bull activity on the Solana price despite today’s dip.

SOL 1-day chart | Source: TradingView

Chainlink Price Prediction

Chainlink (LINK) is also riding on bear activity, as the Chainlink price stood at $15.92 as of press time after recording a daily decrease of 5% and a weekly drop of 0.48%. As a result of the Chainlink price, the token’s trade volume dropped by 33% during the same period and is presently at $681M.

The Bollinger bands are slightly diverging, showing rising volatility levels on the Chainlink price. The Relative Strength Index (RSI) is below the average, showing bear dominance on the Chainlink price.