Daily Analysis: BTC, ETH, WLD, MKR, LINK

16.09.2023

Markets are riding on bull activity, with the global market cap sitting 1.2% above its previous 24-hour mark, as the total cap still stands at $1.06T as of press time. The fear and greed index is now at 38 agreed creeps into the market.

Bitcoin price analysis

Bitcoin (BTC) has encountered slight bear activity, as Bitcoin price stands at $26.49K after recording a daily decrease of 0.3%, and the weekly rise now stands at 2.43%. As a result of the Bitcoin price, the token’s trade volume dropped by 7.6% during the same period and is presently at $11.5B.

The Bollinger bands are now slightly diverging, showing rising volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line as bulls now dominate while the MACD moves in the green zone, showing a bull effect on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has also encountered slight bull activity, as Ethereum price stood at $1637 after recording a daily increase of 0.49%, as the weekly rise now stands at 0.18%. ETH’s trade volume dropped by 9% during the same period and is presently at $4.3B.

The Bollinger bands are now diverging, showing increasing volatility levels on Ethereum price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Ethereum price.

ETH 1-day chart | Source: TradingView

Worldcoin price analysis

Worldcoin (WLD) has encountered massive bull activity, as Worldcoin price stood at $1.63 after recording a daily increase of 52%, as the weekly rise now stands at 40.8%. WLD’s trade volume jumped by 375% during the same period and is presently at $367M.

The Bollinger bands are now diverging, showing increasing volatility levels on Worldcoin price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Worldcoin price.

WLD 1-day chart | Source: TradingView

Maker price analysis

Maker (MKR) has encountered massive bull activity, as Maker price stood at $1270 after recording a daily increase of 4.9%, as the weekly rise now stands at 12%. MKR’s trade volume jumped by 39% during the same period and is presently at $94.5M.

The Bollinger bands are now diverging, showing increasing volatility levels on Maker price. The Relative Strength Index (RSI) is above the average line close to the average line, while the MACD moves in the green zone, showing bull action on Maker price.

MKR 1-day chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) has encountered massive bull activity, as Chainlink price stood at $6.3 after recording a daily increase of 2.36%, as the weekly rise now stands at 0.74%. LINK’s trade volume jumped by 5.4% during the same period and is presently at $129M.

The Bollinger bands are moving close to each other, showing stable volatility levels on Chainlink price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Chainlink price.