Bitcoin

Ethereum

Aptos

<p>The market as a whole shows signs of bullish behavior with most of the major cryptocurrencies trending upwards. I line with this, the global market cap is at $1.93 as of press time representing a 3.5% pump within the last 24 hours.</p><h2 id="header-0">Bitcoin Price Review</h2><p>The Bitcoin (BTC) chart indicates a steady uptrend over the period displayed. The <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin price</a> is above the Alligator’s Jaw (the blue line), which suggests bullish momentum. The market appears to be less volatile, with Bitcoin price candles remaining consistent in size.</p><p>On the other hand, the Average Directional Index (ADX) is above 25, which indicates a strong trend; however, it seems to be declining slightly, suggesting the trend may be losing some strength. Bitcoin is trading at $52.2K, representing a 1% 24-hour jump. This acts as a psychological level that may act as support if tested.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/5768a3f751f24584bc4bcc4afeb916d5.png" />BTC 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p>Ethereum (ETH) also shows a bullish trend, with the <a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum price</a> maintaining above the 20-SMA line. Bollinger Bands are moderately wide, but the price is moving towards the upper band, suggesting bullish pressure on the Ethereum price.</p><p>The Relative Strength Index (RSI) is above 70, which typically indicates overbought conditions and could be a sign of potential retracement or consolidation in the short term. The Ethereum price is hovering around the $2,831, a 3% increase from the previous 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b45f2abb86994763b33695ad96f68bec.png" />ETH 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-2">Terra Price Review</h2><p>2-hour Terra (LUNA/USDT) charts shows a more sideways movement with some upward price action in the most recent candles. The Supertrend indicator is green, suggesting a bullish bias, and the Terra price has just crossed above it, which is a positive signal.</p><p>The Volume Oscillator is positive, indicating buying interest is increasing. LUNA is trading at the $0.74 mark, which could act as resistance or support depending on the direction of the Terra price breakout.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3e425f2842404a8b84af0a7c5f9b9cef.png" />LUNA 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-3">Aptos Price Review</h2><p>The Aptos price is also on an uptrend, with the price making higher highs and higher lows. There is no volatility indicator shown, but the Aptos price action suggests moderate volatility with a sharp increase in the most recent period.</p><p>The Money Flow Index (MFI) is in the overbought territory, similar to the RSI, which can indicate the possibility of a pullback. The Awesome Oscillator (AO) shows increasing momentum which aligns with the current uptrend. The Aptos price is around the $10.49 level, and the recent price action suggests a strong buyer’s interest at this level.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7b94c5f2bb20450f9e4b92445dfae8b7.png" />APT 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-4">Ripple Price Review</h2><p>The <a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">XRP price</a> action shows an uptrend, albeit with some retracement phases. The chart does not show a clear volatility indicator, but the Ripple price movement is relatively stable with some spikes in candle size.</p><p>The Moving Average Convergence Divergence (MACD) shows a bullish crossover, while the Commodity Channel Index (CCI) has periods above and below the zero line, indicating fluctuating momentum. XRP is trading around $0.548, a 2.5% increase within the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/31fa34d6380f4f35afb0e44311eb28b5.png" />XRP 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>

Daily Market Review: BTC, ETH, LUNA, APT, XRP

Table of Contents

BlockchainReporter

Other articles published on Feb 15, 2024

XRP and Tron rally, NuggetRush sparks interest amongst crypto enthusiasts

Bitcoin Surges Past $52,000 as Market Anticipates Halving Rally

Palm Collective Gives Creators Opportunity to Showcase Work at NFT Paris Exhibition (15 Feb)

Crypto – Switzerland welcomes a blockchain-dedicated incubator!

Game company behind XPLA blockchain witnesses growth in revenue last year

Klaytn and Finschia Unite: Pioneering Asia’s Web3 Ecosystem Through Historic Merger

Join our free newsletter for daily crypto updates!