Daily Market: NEAR, BAKE, SOL, ELA, CAKE

23.12.2023

Markets are in bull mode, with the global market cap sitting 1.33% above its previous 24-hour mark, as the total cap stands at $1.66T as of press time. The fear and greed index is 75, as greed dominates markets. The global trading volume is 6.5% up in 24 hours, at $75.2B as of press time.

NEAR Protocol Price Analysis

NEAR Protocol (NEAR) is riding on bear activity, as the NEAR price stood at $3.35 as of press time after recording a daily decrease of 2% and a weekly rise of 49%. As a result of the NEAR price, the token’s trade volume dropped by 13% during the same period and is presently at $758M.

The Bollinger bands are diverging, showing high volatility levels on the NEAR price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the NEAR price.

NEAR 1-day chart | Source: TradingView

BakeryToken Price Prediction

BakeryToken (BAKE) is still on bull activity, as the BAKE price stood at $0.43 as of press time after recording a daily increase of 12.2% and a weekly rise of 95%. As a result of the BAKE price, the token’s trade volume dropped by 36% during the same period and is presently at $213M.

The Bollinger bands are diverging, showing high volatility levels on the BAKE price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the BAKE price.

BAKE 1-day chart | Source: TradingView

Solana Price Prediction

Solana (SOL) is also riding on bull activity, as the Solana price stood at $94.6 as of press time after recording a daily increase of 8.4% and a weekly rise of 25%. As a result of the Solana price, the token’s trade volume jumped by 40% during the same period and is presently at $6B.

The Bollinger bands are diverging, showing high volatility levels on the Solana. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the Solana price.

SOL 1-day chart | Source: TradingView

Elastos Price Prediction

Elastos (ELA) is also riding on bear activity, as the Elastos price stood at $4.3 as of press time after recording a daily decrease of 27.6% and a weekly rise of 254%. As a result of the Elastos price, the token’s trade volume dropped by 66% during the same period and is presently at $14M.

The Bollinger bands are diverging, showing high volatility levels on the Elastos. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull activity on the Elastos price despite today’s drop.

ELA 1-day chart | Source: TradingView

PancakeSwap Price Prediction

PancakeSwap (CAKE) is still riding on slight bull activity, as the CAKE price stood at $2.5 as of press time after recording a daily increase of 0.12% and a weekly rise of 9.8%. As a result of the CAKE price, the token’s trade volume dropped by 41% during the same period and is presently at $143M.

The Bollinger bands are slightly diverging, showing rising volatility levels on the CAKE price. The Relative Strength Index (RSI) is above the average line, showing bull dominance on the CAKE price.