Today’s market session started with a bullish sentiment as the global market cap recorded an increase of 1.8% within 24 hours of market activity, taking the total market cap to $1.19T as of press time.
Bitcoin (BTC) analysis
Bitcoin is seeing bull activity on its network as it faces massive resistance at the $31K level. Bitcoin, Currently trading at $30.6K, has seen a 1.7% rise from its previous 24-hour price as the trading volume registered a 67% increase within the same period to take it to $14,797,593,963.
Bitcoin’s Volatility levels are still decreasing as the Bollinger bands converge toward each other. The RSI is, however, moving below its average line, showing the effort by bulls to grasp the network as the MACD also now moves in the negative region.
Ethereum (ETH) analysis
Ethereum has also had a relatively mild day with slight bull activities as the asset starts today with a gain of 1.6% in price valuation to take its price to $1885 as of press time, while the trading volume saw a 25% increase within the same period to take it to $6,012,199,138 as the market cap also rose by 1.7%.
ETH’s volatility levels are also falling as the asset’s Bollinger bands shift toward each other. At the same time, the RSI indicator still moves below its average line, showing the bear’s effort to control the asset’s network. The MACD indicator has also shifted to the negative side showing the bear efforts on Ethereum.
Compound (COMP) analysis
COMP is having a good market day as the asset boasts gains of 8% within a day of trading to take its price to $63.33 as the asset ranks at #78 on CoinMarketCap with the trading volume currently standing at 135.24M.
COMP’s volatility levels are however high as the Bollinger bands now diverge away from each other indicating rising volatility on the network. The RSI is moving below its average line as bulls push for a crossover above the region. The MACD also now moves in the positive region as bulls push for market dominance.
BNB analysis
BNB is also having a tremendous session today as the asset now boasts gains of 6% within a day of trading to take its price to $247 as of press time. The asset’s trading volume has also seen a 185% increase within the same period taking it to $897,639,961.
BNB’s volatility levels are however low as the Bollinger bands move close to each other, indicating low volatility levels as the RSI moves above the average line together with the MACD indicator showing total bull dominance on the asset.
Other notable gainers today are PEPE, which is up 5% from its previous day’s price as the monthly gaIi currently stands at 63%. Pepe 2.0 has also made tremendous strides today as the asset now trades 6% up from its previous 24-hour price. Pepe 2.0 currently has a monthly gain of 1881%.
