Today’s market session has kicked off with mild bullish signals as the global cap records a 0.14% increase within a day of trading to take the total cap of $1.19T as of press time, while the fear and greed index stands at 52, showing a neutral market state.
Bitcoin (BTC) analysis
With a daily decrease of 0.11% and a weekly decline of 2%, Bitcoin (BTC) is now trading at $29.2K, as it still faces resistance at $30K while bulls and bears struggle for market dominance. While this happens, Bitcoin’s trading volume has decreased by 40% and is now at $6B.
The Bollinger bands are still diverging, indicating that Bitcoin’s volatility is still growing. Bears continue to attempt to gain market control, as shown by the Relative Strength Index (RSI), which is now moving below its average line.
Ethereum (ETH) analysis
Ethereum’s (ETH) day is off to a bullish start as the asset is up 0.11% to $1875, trade volume is down 27% to $2.5B as of press time, and bull activity remains mild. Bollinger bands for ETH continue to maintain a neutral distance, indicating less volatility.Â
The Relative Strength Index (RSI) has crossed the average line as the bull now takes control of ETH markets. The MACD indicator is also currently in the red zone but approaching a shift to the green region, again showing bull effort.
Shibainu (SHIB) analysis
Shiba Inu (SHIB) is also having a tremendous session as the asset now sits on gains of 3.7% within a day of trading to take the asset’s price to $0.00000852 as of press time while the trading dropped by 1.7% within a day of trade.
However, SHIB’s Bollinger bands are now diverging, showing rising volatility levels. The RSI is still above its average line as bulls push for the overbought region. The MACD also moves in the green zone again, showing bull dominance.
Kyber Network Crystal v2 (KNC)
KNC has a correction day as the asset trades 2.3% below its previous 24-hour price to take its price to $0.7696 as the weekly gain stands at 24%. KNC’s trading volume decreased by 74% within the same period.
However, KNC’s volatility levels are high as the Bollinger bands now diverge from each other, showing increasing volatility. The RSI is moving above its average line in the overbought region showing great bill dominance on the network.
Other trending tokens in today’s session are Refereum (RFR) which has gained 80% within a day of trade to take its price to $0.0221 as of press time, and Profit Blue (BLUE), which is currently trading at 0.9% above its previous 24-hour price to trade at $0.00008107.
