Daily Analysis: BTC, ETH, LRC, CELO, ATA

2023-12-19 10:40:15

Markets are on slight bear activity today, with the global market cap sitting 2% below its previous 24-hour mark, as the total cap stands at $1.56T as of press time. The fear and greed index is 70, as greed now fades from markets. The global trading volume is 10% up in 24 hours, at $51.1B as of press time

Bitcoin Price Analysis

Bitcoin (BTC) is riding on bull activity, as the Bitcoin price stood at $41.2K as of press time after recording a daily decrease of 1.5% and a weekly drop of 2.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 32% during the same period and is presently at $18.8B.

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

BTC 1-day chart | Source: TradingView## Ethereum Price Analysis

Ethereum (ETH) is also riding on bear activity, as the Ethereum price stood at $2,180 as of press time after recording a daily decrease of 1.2% and a weekly drop of 2.6%. As a result of the Ethereum price, the token’s trade volume jumped by 22% during the same period and is presently at $8B.

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

ETH 1-day chart | Source: TradingView## Loopring Price Analysis

However, Loopring (LRC) is riding on bull activity, as the Loopring price stood at $0.2742 as of press time after recording a daily increase of 8% and a weekly drop of 13%. As a result of the Loopring price, the token’s trade volume jumped by an impressive 1198% during the same period and is presently at $200M.

The Bollinger bands are far, showing high volatility levels on the Loopring price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Loopring price despite today’s rise.

LRC 1-day chart | Source: TradingView## Celo Price Analysis

Celo (CELO) is also riding on bull activity, as the Celo price stood at $0.607 as of press time after recording a daily increase of 1.8% and a weekly rise of 7%. As a result of the Celo price, the token’s trade volume jumped by 485% during the same period and is presently at $99.7M.

The Bollinger bands are far, showing high volatility levels on the Celo price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Celo price despite today’s rise.

CELO 1-day chart | Source: TradingView## Automata Network Price Analysis

Automata Network (ATA) is also riding on bull activity, as the Automata Network price stood at $0.104 as of press time after recording a daily increase of 2.5% and a weekly rise of 1.7%. As a result of the ATA price, the token’s trade volume jumped by 3203% during the same period and is presently at $62M.

The Bollinger bands are close to each other, showing low volatility levels on the ATA price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the ATA price despite today’s rise.

ATA 1-day chart | Source: TradingView

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