Daily Analysis: BTC, ETH, OKB, XTZ, OCEAN

10.10.2023

Markets are riding on bear activity today, with the global market cap sitting 1.30% below its previous 24-hour mark, as the total cap still stands at $1.07T as of press time. The fear and greed index is at 45, as a neutral state strikes the markets.

Bitcoin price analysis

Bitcoin (BTC) has started on bear activity today, as Bitcoin price stood at $27.6K as of press time after recording a daily decrease of 0.91% and a weekly rise of 0.1%. As a result of the Bitcoin price, the token’s trade volume rose by 62% during the same period and is presently at $12.1B.

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

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1590 after recording a daily decrease of 2.33%, as the weekly drop now stands at 4.67%. ETH’s trade volume jumped by 125% during the same period and is presently at $7.2B.

The Bollinger bands are diverging, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is also below the average line, showing bear dominance on Ethereum price.

ETH 1-day chart | Source: TradingView

OKB price analysis

OKB (OKB) is however riding on slight bull activity, as OKB price stood at $43.02 after recording a daily increase of 0.64%, as the weekly drop now stands at 0.6%. OKB’s trade volume jumped by 133% during the same period and is presently at $2.1M.

The Bollinger bands are moving pretty closer to each other, showing low volatility levels on OKB Price. The Relative Strength Index (RSI) is below the average line as it approaches a shift above the line, showing bull effort on OKB price.

OKB 1-day chart | Source: TradingView

Tezos price analysis

Tezos (XTZ) is also riding on bull activity, as Tezos price stood at $0.7296 after recording a daily increase of 7.7%, as the weekly rise now stands at 6%. XTZ’s trade volume jumped by 817% during the same period and is presently at $97.6M.

The Bollinger bands are diverging from each other, showing rising volatility levels on Tezos Price. The Relative Strength Index (RSI) is above the average line, showing bull dominance on Tezos price.

XTZ 1-day chart | Source: TradingView

Ocean Protocol price analysis

Ocean Protocol (OCEAN) is also riding on slight bull activity, as OCEAN price stood at $0.3053 after recording a daily increase of 1.1%, as the weekly drop now stands at 2.4%. OCEAN’s trade volume jumped by 290% during the same period and is presently at $33M.

The Bollinger bands are diverging from each other, showing rising volatility levels on OCEAN Price. The Relative Strength Index (RSI) is above the average line, showing bull effect on OCEAN price.