Bitcoin

Ethereum

Chainlink

Aave [old]

<p>Markets are still experiencing slight bull activity today, with the global market cap sitting 4.92% above its previous 24-hour mark, and the total cap stands at $3.65T as of press time. The global trading volume is 20% down in 24 hours, at $219.56B as of press time.</p><h2 id="header-0">Bitcoin Price Analysis</h2><p><a href="https://blockchainreporter.net/wp-content/uploads/2023/12/bitcoin-dollar-usd.webp" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, is facing bull activity, as the Bitcoin price stood at $100.9K as of press time after recording a daily increase of 2.69%. Looking at an in-depth analysis, we see that the Bitcoin price action is consolidating after a recent upward move, suggesting indecision in the market.</p><p>On the other hand, we see that the ADX is at 15.82, reflecting a weak trend; this implies potential sideways movement unless new momentum builds. Bitcoin traded at $100,911 as of press time, representing a 2.67% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeuippU4PQNP_oSkNas0-tCdS3lIP-DI8YOcZFZPxTzMKX_mwlE47pcMSOZwWBnxZ7pn6zUclFX8OujUNyc2uDMLkWWjdgC55uwQywSgESt63-L7hUPC0JK3-EoxzlwrV5MMrPkMg?key&#61;RgSkhoMSJEVRxbNTU2JcdE8C" /><a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">4-hour BTC|USD Chart | Source: TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p><a href="https://blockchainreporter.net/wp-content/uploads/2023/10/ethereum-prediction.webp" rel="noopener noreferrer nofollow">Ethereum, $ETH</a>, is also among the gainers in today’s session as also seen from its price movements. Looking at in-depth analysis, we see that the Alligator lines are aligned bullishly, with the price trading above the green (lips), red (teeth), and blue (jaw) lines, suggesting an uptrend.</p><p>On the other hand, we see that the MFI at 61.61 indicates that buying pressure is strong but not yet overbought. Ethereum traded at $3,917 as of press time, representing a 5.96% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeyAi5BK4HvCV9m1EkhdJ0KyTwN90-anfUa3JO0OaRhouaVOhppQv6onsvJHPQlU6Jv6o2iQ-fcYQzRa-bDebNO4TUTtOjBjNsUFzhgMYLu9z3J1TTbm1mFgxuTersgc9r_OB7U?key&#61;RgSkhoMSJEVRxbNTU2JcdE8C" /><a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer nofollow">4-hour ETH/USD Chart | Source: TradingView</a></p><h2 id="header-2">Sui Price Review</h2><p>Sui, $SUI, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Sui price has surged significantly above the 50-day moving average, signaling strong bullish momentum.</p><p>The 100 and 200-day MAs are trending upward, confirming longer-term bullish sentiment.</p><p>On the other hand, we see that the MFI at 65.91 is approaching overbought territory, suggesting a possible short-term pullback. Sui traded at $4.80 as of press time, representing a 29.21% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXedd3jvh1SM3ABCh_hzIz0Zb6fghEelcs7hCbDd9xP1gBVk0EffMkZRugfP8d4bOPTMB8rLJd_QwI6xR41MAKUdl6QbDFu9ZDaH3WztBm3iwD0xKry5nvUiwzYQHPxrLya9R2B4xA?key&#61;RgSkhoMSJEVRxbNTU2JcdE8C" /><a href="https://www.tradingview.com/symbols/SUIUSDT/" rel="noopener noreferrer nofollow">4-hour SUI/USD Chart | Source: TradingView</a></p><h2 id="header-3">Aave Price Review</h2><p>Aave, $AAVE, is also among the gainers in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Supertrend is in a bullish phase (green zone), with the price trading well above the indicator line.</p><p>On the other hand, we see that the Volume Oscillator shows a slight decrease, indicating reduced trading activity during this rally. Aave traded at $355.31 as of press time, representing a 29.00% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBEyNG7b_KFpbWZgSNZuEuIb-Uc3-vxCTQas8HgykDik87VgSJVprcJtdhONpiKqIZAAClKEKizrx7kJs9bMLpwFTCwcnLhxl5lsEO3U-fHaLYwdysBtjRfCZDd3Lm050pzG3l?key&#61;RgSkhoMSJEVRxbNTU2JcdE8C" /><a href="https://www.tradingview.com/symbols/AAVEUSDT/" rel="noopener noreferrer nofollow">4-hour AAVE/USD Chart | Source: TradingView</a></p><h2 id="header-4">Chainlink Price Review</h2><p>Chainlink, $LINK, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Chainlink price is trading above the Ichimoku Cloud, indicating a strong uptrend.</p><p>On the other hand, we see that the Conversion Line (Tenkan-Sen) and Base Line (Kijun-Sen) are bullishly crossed. The ADX at 25.47 shows a moderately strong trend, suggesting further bullish potential. Chainlink traded at $28.68 as of press time, representing a 25.98% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcCCzrZXGvo3AKeAYEaYuFwG-CZtn-sr24GP-FT7UeWZSZd6ru5SPBi6eJ8ZwL9EjtIOg0cH7a0WlEsCoR07fQSbmZveI3sCIDNRDfMEa_1TbL6pG7rHsyEjd7yGoCep-5UCQtYfg?key&#61;RgSkhoMSJEVRxbNTU2JcdE8C" /><a href="https://www.tradingview.com/symbols/LINKUSD/" rel="noopener noreferrer nofollow">4-hour LINK/USD Chart | Source: TradingView</a></p>

Daily Analysis: BTC, ETH, SUI, AAVE, LINK

Table of Contents

BlockchainReporter

Other articles published on Dec 12, 2024

XRP Skyrockets 1,209% in 24 Hours in Abnormal Liquidation Imbalance

Bitcoin Hits Historic $100K, Market Cap Soars Above $2T

Will XRP Price Hit ATH After Ripple’s RLUSD Launch?

Dogecoin (DOGE) Mirroring Its Previous Bull Run's Round Bottom Breakout: Big Targets Ahead?

JUST IN! Popular Altcoin Avalanche (AVAX) Receives 250 Million Investments, Price Starts to Rise!

Weekly Article Recap: 12/02-12/06

Join our free newsletter for daily crypto updates!