Daily Analysis: BTC, ETH, KAS, SEI, TRB

31.12.2023

Bulls have started in control today, with the global market cap increasing by 2.17% within the last 24 hours of trade to stand at 1.67T as of press time. This shows bearish sentiment on the market as trading activities dropped by 27% within the same period, indicating a volatile market.

Bitcoin Price Prediction

The Bitcoin price has posted gains as it records a pump of 2.3% in the last 24 hours to trade at $42.6K as of press time. This comes as the weekly drop stood at 2.1%. This plunge is likely to continue, as several indicators point out.

The Relative Strength Index indicator is moving, pointing to a bullish short-term on the Bitcoin price. The MACD indicator is also reverting towards the green zone, backing the bullish prospects on Bitcoin.

BTC 1-day chart | Source: TradingView

Ethereum Price Prediction

The Ethereum price is also on bull activity as it recorded a jump of 1.1% in the last 24 hours to trade at $2,304 as of press time. This comes as the weekly rise stood at 0.62% while the trading volume dropped by 36% in the last 24 hours, as global trading activities increased.

The Relative Strength Index indicator is also headed north, showing bull activity on the Ethereum price. The Bollinger Bands are now diverging, showing high volatility levels on *ETH*. These levels are, however, likely to drop in the short term in attribution to decreasing trading activities that have seen the trading volume drop by 34% in the last 24 hours.

ETH 1-day chart | Source: TradingView

Kaspa Price Prediction

The Kaspa price has also posted gains as it records a pump of 0.7% in the last 24 hours to trade at $0.166 as of press time. This comes as the weekly rise stood at 8.3%. The Kaspa price is likely to plunge in the short term, as several indicators point out.

The Relative Strength Index indicator is moving south, pointing to a bearish short-term on the Kaspa price. The MACD indicator has also reverted to the green zone, backing the bullish prospects on Kapsa.

KAS 1-day chart | Source: TradingView

Sei Price Prediction

The Sei price has posted gains as it records a pump of 10% in the last 24 hours to trade at $0.602 as of press time. This comes as the weekly rise stood at 0.01%. Looking at an in-depth analysis, things seem well for the Sei price currently.

The Relative Strength Index indicator is moving north while in the overbought region, showing buying pressure on the Sei price. The MACD indicator is also in the green zone showing bull dominance on the token.

SEI 1-day chart | Source: TradingView

Tellor Price Prediction

The Tellow price has also posted gains as it records a pump of 11% in the last 24 hours to trade at $266.8 as of press time. TRB is currently volatile, as shown by the Bollinger Bands, which are currently diverging.

The Relative Strength Index indicator is moving north, pointing to a bullish short-term on the Tellowr price. The MACD indicator is also in the green zone, backing the bullish prospects on the Tellor price.