Daily Analysis: BTC, ETH, SOL, LINK, TIA

20.11.2023

Markets are on bull activity today, with the global market cap sitting 1.7% above its previous 24-hour mark, as the total cap stands at $1.39T as of press time. The fear and greed index is at 72, as greed still dominates. The global trading volume is 32% down in 24 hours, at $39B as of press time.

Bitcoin price analysis

However, Bitcoin (BTC) has started on slight bull activity, as Bitcoin price stood at $36.8K as of press time after recording a daily increase of 0.22% and a weekly drop of 0.88%. As a result of the Bitcoin price, the token’s trade volume dropped by 18% during the same period and is presently at $18.5B.

The Bollinger bands are close, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has started on bull activity, as Ethereum price stood at $1976 after recording a daily increase of 0.39%, as the weekly drop now stands at 3.6%. ETH’s trade volume dropped by 25% during the same period, presently at $6.5B.

The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on Ethereum price.

ETH 1-day chart | Source: TradingView

Solana price analysis

Solana (SOL) has started on bull activity, as Solana price stood at $59.96 after recording a daily increase of 2.56%, and the weekly rise now stands at 6%. SOL’s trade volume dropped by 6.5% during the same period, presently at $1.8B.

The Bollinger bands are far apart, showing high volatility levels on Solana Price as the Relative Strength Index (RSI) is below the average line, showing bear action on Solana price despite the uptick.

SOL 1-day chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) has started on bull activity, as Chainlink price stood at $14.59 after recording a daily increase of 6%, as the weekly drop now stands at 8%. LINK’s trade volume jumped by 12% during the same period, presently at $566M.

The Bollinger bands are far apart, showing high volatility levels on Chainlink Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on Chainlink price despite the uptick.

LINK 1-day chart | Source: TradingView

Celestia price analysis

Celestia (TIA) has started on minor bear activity, as Celestia price stood at $7.06 after recording a daily decrease of 0.13%, and the weekly rise now stands at 50%. TIA’s trade volume dropped by 33% during the same period, presently at $328M.