Weekly Analysis: BTC, ETH, SOL, LINK, LTC

25.09.2023

Bitcoin price analysis

Bulls and bears have both rumbled for dominance this week, with several cryptos posting losses while others gained. Bitcoin (BTC) has seen some slight bull activity this week, recording a weekly increase of 0.08% as Bitcoin price is at $26.56K. Bitcoin has a market cap of $517.8B as the trading volume stood at $6.6B as of press time.

Volatility on Bitcoin price for the week has been relatively stable as the Bollinger bands move closer to each other. However, BTC’s relative strength indicator is moving below its average line, indicating some bear dominance still on Bitcoin price as the MACD indicator hovers in the red zone.

BTC 1-week chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) has also seen slight bull activity as the asset’s weekly drop now stand’s at 2.3% as Ethereum price stood at $1,592. Ethereum has a current market cap of $191.4B, as the trading volume now stands at $1.9B.

Volatility levels on Ethereum price have also been low over the week as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line, showing bear activity on Ethereum price as the MACD moves in the red zone.

ETH 1-week chart | Source: TradingView

Solana price analysis

Solana (SOL) has also bull activity this week as the asset’s weekly rise now stand’s at 2.9% as Solana price stood at $19.56. Solana has a current market cap of $8B, as the trading volume now stands at $95.8M.

Volatility levels on Solana price have also been low over the week as the Bollinger bands now move at a relatively close distance. The RSI indicator moves below its average line, as it approaches a crossover back above, showing bull activity on Solana price as the MACD moves in the green zone.

SOL 1-week chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) has also seen bull activity this week as the asset’s weekly gain now stand’s at 14.6% as Chainlink price stood at $7.14.LINK has a current market cap of $3.9B, as the trading volume now stands at $236M.

Volatility levels on Cainlink price have also been low over the week as the Bollinger bands now move at a relatively close distance. The RSI indicator moves above its average line, showing bull activity on Chainlink price e as the MACD moves in the green zone.

LINK 1-week chart | Source: TradingView

Litecoin price analysis

Litecoinb (LTC) has also seen slight bull activity this week as the asset’s weekly rise now stand’s at 1.2% as Litecoin price stood at $64.58. Litecoin has a current market cap of $4.7B, as the trading volume now stands at $210M.

Volatility levels on Litecoin price have also been increasing over the week as the Bollinger bands diverge. In contrast, the RSI indicator moves below its average line, showing some bear activity onlitecoin price over the week as the MACD moves in the red zone.