Bitcoin (BTC) analysis
This week has seen a struggle between bulls and bears, with several cryptos failing to post gains. Bitcoin (BTC) has had a relatively slow week recording a weekly decrease of 2.17% as the asset now trades at $29.3. Bitcoin has a current market cap of $569,724,557,656, as the trading volume stood at $5.9B as of press time.
Bitcoins volatility for the week has been relatively stable as the Bollinger bands now move close to each other. BTC’s relative strength indicator is now moving below its average line, indicating a bearish trend on BTC as the MACD indicator also approaches a bridge to the negative region, showing the effort by bears over the week to reclaim market dominance from the bulls.
Ethereum (ETH) analysis
Ethereum (ETH) has also had a relatively slow session as the asset’s weekly drop now stand’s at 0.17% as it trades at $1,875. Ethereum has a current market cap of $225,336,010,229, as the trading volume now stands at $2,545,500,266.
ETH’s volatility levels are also low as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line showing much bear activity on Ethereum as bears push for dominance.
Maker (MKR) analysis
MKR has also had a good week recording a 12% increase from its previous 7-day price as the asset now trades at $1,252.85, with the monthly gain currently at 68%. However, the maker’s volatility levels are increasing as the asset’s Bollinger bands diverge from each other.
The RSI is moving high above its average line in the overbought region showing great dominance by bulls over the week. The MACD indicator is also moving in the positive region again, showing excellent bull dominance on MKR according to weekly charts.
Bone ShibaSwap (BONE) analysis
BONE has had a tremendous week, with the asset trading 12% from its previous 7-day price as it now retails at $1.48. The asset’s volatility levels have been somewhat unstable as the Bollinger bands maintained an irregular distance over the week.
The RSI indicator is, however, moving high above its average line as bulls push for the overbought region, while the MACD indicator also moves in the positive region.
Other gainers
Other notable gainers of the week are Trust Wallet Token (TWT), which has gained 6% over the week ahead of Nexo (NEXO) and 4.8% over the week as both trades at $0.9127 and $0.668, respectively. Quant (QNT) has earned 9% as it trades at $112.
