Daily Analysis: BTC, ETH, LDO, ORDI, RUNE

Markets are on bull activity today, with the global market cap sitting 2.3% above its previous 24-hour mark, as the total cap stands at $1.4T as of press time. The fear and greed index is at 77, as greed still dominates. The global trading volume is 85% up in 24 hours, at $95.07B as of press time.     

Bitcoin price analysis

Bitcoin (BTC) has started on minor bear activity, as Bitcoin price stood at $36.5K as of press time after recording a daily decrease of 0.19% and a weekly rise of 6.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 42% during the same period and is presently at $33.7B.

The Bollinger bands are wide apart, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.

Ethereum price analysis

Ethereum (ETH) has started on massive bull activity, as Ethereum price stood at $2105 after recording a daily increase of 9.9%, as the weekly rise now stands at 17.2%. ETH’s trade volume jumped by 172% during the same period and is presently at $25.7B.

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

Lido DAO price analysis

Lido DAO (LDO) has started on massive bull activity, as LDO price stood at $2.34 after recording a daily increase of 15.3%, as the weekly rise now stands at 31%. ETH’s trade volume jumped by 281% during the same period and is presently at $350.9M.

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

ORDI price analysis

ORDI (ORDI) has also started on bull activity, as ORDI price stood at $20.3 after recording a daily increase of 40.5%, as the weekly rise now stands at 277%. ORDI’s trade volume jumped by 110% during the same period and is presently at $749M.

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

THORChain price analysis

THORChain (RUNE) has also started on activity, as RUNE price stood at $2105 after recording a daily increase of 9.1%, as the weekly rise now stands at 29.3%. RUNE’s trade volume jumped by 177% during the same period and is presently at $388M.

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