Daily Analysis: ORDI, AVAX, ARB, UMA, KAS

Bulls have regained control of the markets as cryptos end the week on an uptick. This is seen from the 2.75% increase in the market cap in the last 24 hours to stand at $1.59T as of press time. The trading volume has also jumped by 7% in the last 24 hours to $51.9B globally.

ORDI Price Analysis

ORDI (ORDI) is our first gainer today, as the ORDI price stood at $55.17 as of press time, representing a 10.4% increase in the last 24 hours to bring the weekly drop to 18%. The trading volume has jumped by 11% to $269M.

Analyzing 24-hour ORDI/USDT charts, we see that bulls are now dominating the altcoin. This is seen from the MACD, which is reverting towards the green zone showing buying pressure. The Relative Strength Index indicator is also headed for the oversold region asserting bullishness on the ORDI price.

Avalanche Price Analysis

Avalanche (AVAX) is our second gainer today, as the Avalanche price stood at $32.11 as of press time, representing a 7.2% increase in the last 24 hours to bring the weekly drop to 1.4%. The trading volume has jumped by 5.5% to $496M.

An analysis of 24-hour AVAX/USDT charts shows that bulls are now dominating AVAX. This is seen from the MACD, which is reverting towards the green zone, showing building bull momentum. The Relative Strength Index indicator is also headed north as it approaches 50, asserting bullishness on the AVAX price. Don’t miss an opportunity to read our short 2023 market recap including Avalanche (AVAX).

Arbitrum Price Analysis

Arbitrum (ARB) is another gainer today, as the Arbitrum price stood at $1.77 as of press time, representing a 6.9% increase in the last 24 hours to bring the weekly drop to q.7%. The trading volume has jumped by 31% to $556M.

Analyzing 24-hour ARB/USDT, we see that bulls also control ARB. This is seen from the MACD, which is close to a shift to the green zone, showing building bull momentum. The Relative Strength Index indicator is also headed north as it approaches 50, asserting bullishness on the Arbitrum price.

UMA Price Analysis

UMA (UMA) is also on the gainers list today, as the UMA price stood at $5.2 as of press time, representing an 11.6% increase in the last 24 hours to bring the weekly rise to 6.9%. The trading volume has jumped by 66.9% to $247M.

Analyzing 24-hour UMA/USDT charts, we see that bulls are now losing dominance on UMA. This is seen from the MACD, reverting towards the red zone, showing fading bull momentum. The Relative Strength Index indicator is also headed south as it exits the overbought region, asserting bearishness on the UMA price.

Kaspa Price Analysis

Kaspa (KAS) wraps up our gainers list today, as the Kaspa price stood at $0.104 as of press time, representing a 7.7% increase in the last 24 hours to bring the weekly rise to 6.4%. The trading volume has jumped by 12.2% to $19.4M.

Analyzing 24-hour KAS/USDT charts shows that bulls also control KAS. This is seen from the MACD, which is close to a shift to the green zone, showing building bull momentum. The Relative Strength Index indicator is also headed north as it approaches 50, asserting bullishness on the Kaspa price.