Daily Analysis: BTC, ETH, LINK, RNDR, MATIC

Markets are riding on bull activity today, with the global market cap sitting 1.18% below its previous 24-hour mark, as the total cap still stands at $1.09T as of press time. The fear and greed index has dropped back to 43, as fear gets back into the markets.

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity today, as Bitcoin price stood at $27.9K as of press time after recording a daily increase of 0.97% and a weekly rise of 3.6%. As a result of the Bitcoin price, the token’s trade volume rose by 14% during the same period and is presently at $13.2B.

The Bollinger bands are now maintaining a slightly diverging, showing rising volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves above the average line showing bull effect on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bull activity, as Ethereum price stood at $1637 after recording a daily increase of 0.4%, as the weekly drop now stands at 2%. ETH’s trade volume dropped by 10% during the same period and is presently at $4.7B.

The Bollinger bands have slightly diverged, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is however below the average line, showing some bear effects on Ethereum price.

ETH 1-day chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) is also riding on bull activity, as Chainlink price stood at $7.6 after recording a daily increase of 0.32%, as the weekly drop now stands at 6.12%. LINK’s trade volume dropped by 0.66% during the same period and is presently at $181.6M.

The Bollinger bands are now converging, showing reducing volatility levels on Chainlink Price. The Relative Strength Index (RSI) is however below the average line, showing some bear effects on Chainlink price.

LINK 1-day chart | Source: TradingView

Render price analysis

Render (RNDR) is also riding on bull activity, as Render price stood at $1.83 after recording a daily increase of 3.04%, as the weekly rise now stands at 19.54%. RNDR’s trade volume jumped by 18% during the same period and is presently at $35.4M.

The Bollinger bands are now diverging, showing increasing volatility levels on Render Price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull effects on Render price.

RNDR 1-day chart | Source: TradingView

Polygon price analysis

Polygon (MATIC) is also riding on bull activity, as Polygon price stood at $4.1 after recording a daily increase of 1.06%, as the weekly rise now stands at 9.11%. MATIC’s trade volume jumped by 18% during the same period and is presently at $287M.

The Bollinger bands are now slightly diverging, showing increasing volatility levels on polygon Price. The Relative Strength Index (RSI) is above the average line, showing bull effects on Render price.

MATIC 1-day chart | Source: TradingView

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