Bears and bulls have struggled for dominance this week, with several cryptos posting gains while others tumbled. Bitcoin (BTC) has seen some bull activity this week, recording a weekly increase of 0.3% as the asset trades at $26.15K. Bitcoin has a current market cap of $509,202,172,871, as the trading volume stood at $6.4B as of press time.
Bitcoin’s volatility for the week has been relatively stable as the Bollinger bands move closer to each other. However, BTC’s relative strength indicator is moving below its average line, indicating a bear dominance still on BTC as the MACD indicator hovers in the red zone, showing the effects of bears over the week.
Ethereum (ETH) analysis
Ethereum (ETH) has seen bear activity as the asset’s weekly drop now stand’s at 0.8% as it trades at $1,656. Ethereum has a current market cap of $199B, as the trading volume now stands at $2.5B.
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 bear activity on Ethereum as bulls and bears struggled for dominance.
Binance Coin (BNB) analysis
BNB has also had a bearish week as the asset trades 9.9% below its previous 7-day price. The asset now holds a spot price of $216 with a market cap of $33.3B, as the trading volume stood at $442M as of press time.
BNB’s volatility levels have also been increasing over the week as the Bollinger bands slightly diverge away from each other, indicating increasing volatility in Bitcoin as the RSI moves below its average line, with the MACD also moving in the red zone.
Cardano (ADA) analysis
ADA has also had a slow week as the asset now trades 2.8% below its previous 7-day price, as the asset currently holds a spot price of $0.2635 with a trading volume of $138M as the trading volume stood at $139M.
ADA’s volatility levels over the week have been low as the Bollinger bands maintained a close distance while the RSI moved below the average line, showing bear dominance as the MACD also moved slightly in the red zone.
Ripple (XRP) analysis
XRP has also had a slow week as the asset traded 2.3% below its previous 7-day price, as the trading volume stood at %548M, as XRP’s spot price stood at $0.5264. Ripple’s volatility levels have been stable over the week as the Bollinger bands moved close to each other.
The RSI is, however, moving below its average line as bears dominated XRP over the week, while the MACD also moved in the green zone, showing some bull dominance.
Doge (DOGE) analysis
DOGE has also had a slow week as the asset now trades 1.4% below its previous 7-day price, as the asset currently holds a spot price of $0.06298 with a trading volume of $132M as of press time.
DOGE’s volatility levels over the week have been low as the Bollinger bands maintained a close distance while the RSI moved below the average line, showing bear dominance as the MACD held a neutral position.
