Bitcoin, Ethereum, Mantra, Stellar, Quant Price Analysis: 07 October 2021
- Linda HamiltonOriginal
- 2024-11-18 04:00:11555browse
The bulls are in control of today's session, as seen from the increase in the global market cap.
Global market cap remained above the $3T as bulls drove the market. However, the trading volume dropped by 7%.
Bitcoin (BTC) price movements showed no gains in today’s session. An in-depth analysis showed the Alligator’s lips, teeth, and jaws diverging, indicating a trend. Price remained above the Alligator’s lines, suggesting bullish sentiment.
On the other hand, the Relative Strength Index (RSI) was near 57, suggesting moderate bullish momentum without being overbought. Bitcoin traded at $90,537 as of press time, representing a 0.81% decrease over the last 24 hours.
Stellar (XLM) was also among the gainers in today’s session. An in-depth analysis showed a bullish signal, confirmed by the Supertrend line acting as support.
On the other hand, the ADX at 73 indicated a very strong trend, implying momentum remained intact. Stellar traded at $0.2006 as of press time, representing a 33.19% increase over the last 24 hours.
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