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02/14/2024

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Daily Price Review: ETH, SEI, DYM, ADA, ARB

Bulls still have an edge on the markets as many tokens record pumps. However, the global market cap has gone down by 1.18% to stand at $1.87 as of press time. The trading volume has also dropped by 9% within...

Daily Price Review: ETH, SEI, DYM, ADA, ARB

Bulls still have an edge on the markets as many tokens record pumps. However, the global market cap has gone down by 1.18% to stand at $1.87 as of press time. The trading volume has also dropped by 9% within the same period to $73B.

Ethereum Price Review

Ethereum (ETH/USD) charts shows a steady upward trend in price over the given period, indicating a bullish market sentiment on the Ethereum price. The Supertrend indicator suggests a support level around 2666.8 USD, with the price comfortably above it, suggesting a continuation of the uptrend. The Ultimate Oscillator is also at 75, backing the upward trend on the Ethereum price.

The now stands at $2,762, representing a 4.4% pump in the last 24 hours. The trading volume has also seen a slight 0.01% increase within the same period to $19.9 billion.

ETH 2-hour chart | Source: TradingView

Looking at SEI Network (SEI/USDT) charts, we see the token has experienced a sharp rise, as depicted by the bullish candles. The Alligator indicator implies a potential continuation of this trend with a slight consolidation as Sei price trades above the jaws of the alligator.

The Sei price now stands at $0.877, representing a 14.4% pump in the last 24 hours. The trading volume has also seen a 62% increase within the same period to $668 million.

SEI 2-hour chart | Source: TradingView

Dymension Price Review

Dymension (DYM/USDT) charts shows a more volatile movement with a significant spike followed by a correction. The MACD is above the signal line but turning downwards, and the RSI is also moving south, indicating potential pullback on the Dymension price.

The Dymension price now stands at $8.19, representing a 14.8% pump in the last 24 hours. The trading volume has doubled within the same period to $668 million as the Dymension price rides a bullish sentiment.

DYM 2-hour chart | Source: TradingView

Cardano Price Review

Cardano (ADA/USDT) charts also exhibit an uptrend , with the Cardano price remaining within the upper band of the Bollinger Bands, indicating strong buying pressure. The ADX, above 25, suggests a strengthening trend.

The Cardano price now stands at $0.517, representing a 5.2% pump in the last 24 hours. The trading volume has jumped by 16% within the same period to $558 million as the

rides the bull wave.

ADA 2-hour chart | Source: TradingView

Aributrum Price Review

Arbitrum (ARB/USDT) presents a more range-bound movement with minor fluctuations. The Volume Oscillator indicates lower trading volumes, and the PPO is flat, suggesting a lack of strong momentum in either direction.

The Arbitrum price now stands at $2.09, representing a 1.26% pump in the last 24 hours. The trading volume has, however, dropped by 14% within the same period to $389 million as bulls dominate the Arbitrum price.

ARB 2-hour chart | Source: TradingView
Kester Odero

Kester is a Kenyan citizen currently based in the country’s capital Nairobi who studied at KCA university, also based in Nairobi, Kenya. His Passion as a writer led him to freelance news writing in his early school years. Kester likes to talk about blockchain and is keen on generating plagiarism-free work. Kester also writes on general world news and other emerging niches and research in the crypto world and the world's economy. Kester is focused on creating high-quality and highly optimized content. In line with this, he has specialized in emerging blockchain news technical analysis and price predictions. Best He is dedicated to giving the best quality services and focused on delivering work during the required time.

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