Markets are riding on bear activity, with the global market cap sitting 0.96% below its previous 24-hour mark as the total cap stands at $1.04T as of press time. The fear and greed index is at 35 as fear creeps back into the market.
Bitcoin price analysis
Bitcoin (BTC) has encountered minor bear activity, as Bitcoin price stands at $25.85K after recording a daily decrease of 0.03%, and the weekly decline now stands at 0.21%.As a result of the Bitcoin price, the token’s trade volume dropped by 37% during the same period and is presently at $9.4B.
The Bollinger bands are now moving at a close distance, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above average as bulls struggle for dominance. The MACD also moves in the green zone, showing a bull effect on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also encountered minor bear activity, as Ethereum price stood at $1626 after recording a daily decrease of 0.50%, as the weekly drop now stands at 0.52%. ETH’s trade volume dropped by 26% during the same period and is presently at $3.7B.
The Bollinger bands maintain a close distance, showing low volatility levels on Ethereum price. The Relative Strength Index (RSI) is below the average line while the MACD moves in the green zone, showing bull and bear action on Ethereum price.
Storj (STORJ) analysis
Storj has bull activity, as Storj price stood at $0.2705 after recording a daily increase of 11.2%, as the weekly rise now stands at 18.9%. Storj’s trade volume jumped by 182% during the same period and is presently at $151.6M.
The Bollinger bands maintain a close distance, showing low volatility levels on Storj price. The Relative Strength Index (RSI) is above the average line while the MACD also moves in the green zone, showing bull action on Storj price.
Verge (XVG) analysis
XVG has also encountered bull activity, as XVG price stood at $0.003752 after recording a daily increase of 10.1%, as the weekly rise now stands at 12.6%. XVG’s trade volume jumped by 2676% during the same period and is presently at $68M.
The Bollinger bands maintain a close distance, showing low volatility levels on XVG price. The Relative Strength Index (RSI) is above the average line while the MACD also moves in the green zone, showing bull action on XVG price.
Stellar (XLM) Analysis
XLM has, however, encountered minor bear activity, as XLM price stood at $0.1302 after recording a daily decrease of 0.2%, as the weekly rise now stands at 14.2%. XLM’s trade volume jumped by 22% during the same period and is presently at $129M.
The Bollinger bands maintain a close distance, showing low volatility levels on XLM price. The Relative Strength Index (RSI) is above the average line while the MACD also moves in the green zone, showing significant bull action on XVG price despite the drop.
