Daily Analysis: AVAX, ADA, JTO, QI, GFT

Markets are on bull activity today, with the global market cap sitting 1.65% above its previous 24-hour mark, as the total cap stands at $1.65T as of press time. The fear and greed index is 82, as greed now dominates. The global trading volume is 5.9% down in 24 hours, at $66.5B as of press time

Avalanche Price Analysis

Avalance (AVAX) is riding on bull activity, as the Avalanche price stood at $31.7 as of press time after recording a daily increase of 13% and a weekly rise of 44.8%. As a result of the Avalanche price, the token’s trade volume jumped by 114% during the same period and is presently at $1.9M.

The Bollinger bands are far apart, showing high volatility levels on the Avalanche price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull activity on the Avalanche price.

AVAX 1-day cart | Source: TradingView## Cardano Price Analysis

Cardano (ADA) is still riding on bull activity, as the Cardano price recording a daily increase of 8% and a weekly rise of 50.8%. As a result of the Cardano price, the token’s trade volume jumped by 72% during the same period and is presently at $2.5B.

The Bollinger bands are diverging, showing high volatility levels on the Cardano price. The Relative Strength Index (RSI) is above the average line, showing bull dominance on the Cardano price.

ADA 1-day cart | Source: TradingView## Jito Price Analysis

Jito (JTO) is still riding on bull activity, as the Jito price stood at $4.32 as of press time after recording a daily increase of 19% and a weekly rise of 148%. As a result of the Jito price, the token’s trade volume dropped by 34% during the same period and is presently at $1.1B.

The Bollinger bands are diverging, showing high volatility levels on the Jito price. The Relative Strength Index (RSI) is now on a downward trajectory as it exits the overbought region, showing bear activity on the Jito price.

JTO 1-day cart | Source: dextools## BENQI Price Analysis

BENQI (QI) is also riding on bull activity, as the QI price stood at $0.01478 as of press time after recording a daily increase of 38% and a weekly rise of 80.8%. As a result of the BENQ price, the token’s trade volume jumped by 853% during the same period and is presently at $88M

The Bollinger bands are diverging, showing high volatility levels on the BENQI price. Despite the rise, the Relative Strength Index (RSI) is below the average line, showing bear activity on the BENQI price.

QI 1-day cart | Source: TradingView## Gifto Price Analysis

Gifto (GFT) is also riding on bull activity, as the Gifto price stood at $0.006 as of press time after recording a daily increase of 11% and a weekly rise of 30%. As a result of the Gifto price, the token’s trade volume jumped by 165% during the same period and is presently at $63.7M.

The Bollinger bands are diverging, showing high volatility levels on the Gifto price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the Gifto price.

GFT 1-day cart | Source: TradingView