Markets have started with bullish sentiment, with the global market cap recording a 1.46% increase in a day to take the total cap to $1.18T as of press time. The fear and greed index is still at 53, as it now increases.
Bitcoin (BTC) analysis
Bitcoin (BTC) has started on some bull activity, trading at $29.7K after recording a daily gain of 1.75% and a weekly gain of 0.5%. Bitcoin’s trade volume has also spiked by 34% during the same period, presently at $18.3B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing as the Relative Strength Index (RSI) is still above its average level, showing the effort by bulls for market dominance. The MACD is also now moving into the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started on slight bullish activity, as the asset now sits on gains of 1.3% within a day of trading to take it to $1856 as the trading volume spiked by 2.2% to take it to $5.8B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.
The RSI indicator moves above its average line as it shifts above the middle line, as bulls push for market dominance. The MACD indicator is, however, below in the negative region as bulls make for a shift to the positive region.
Pepe (PEPE) analysis
Pepe has also started today’s session with tremendous gains as the asset now trades 8% above its previous 24-hour price as it currently holds a spot price of $0.000001198, with the trading volume also surging by an impressive 74% within the same period to take it to $153.45M as of press time.
Pepe’s volatility levels are quite low as the Bollinger bands maintain a relatively short distance, with the RSI moving above its average line, displaying bull dominance as the MACD also approaches a shift to the green zone.
Orchid (OXT) analysis
OXT is also having a good day as the asset now trades 11% above its previous 24-hour price as it now trades at $0.07306. OXT’s trading volume has also seen a 1375 increase within a day of trade to take the total volume to $96.9M as activity on the network increases.
However, OXT’s volatility levels are increasing as the Bollinger bands diverge from each other. At the same time, the RSI moves high in the overbought region showing great bull dominance as the MACD also moves in the green zone.
Other trending tokens
Coin98 (C98) is among today’s top gainers ass te asset trades 32% above its previous 24-hour price the asset held a spot price of $0.1903 as of press time, while Gains Network (GNS) also trades 6% above its last 1-day price as it now has a spot price of $5.1412 while AI-X (X) also trades 5.7% above its previous 24-hour price.
