Markets are on bull activity today, with the global market cap sitting 0.37% above its previous 24-hour mark, as the total cap stands at $1.42T as of press time. The fear and greed index is at 77, as greed still dominates. The global trading volume is 23% down in 24 hours, at $51.9B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on minor bear activity, as Bitcoin price stood at $35.6K as of press time after recording a daily decrease of 2.8% and a weekly rise of 1.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 30% during the same period and is presently at $24B.
The Bollinger bands are converging, showing dropping volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bear activity, as Ethereum price stood at $1984 after recording a daily decrease of 3.6%, as the weekly rise now stands at 5.7%. ETH’s trade volume jumped by 3% during the same period, presently at $13.4B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is below the average, showing bear dominance on Ethereum price.
Solana price analysis
Solana (SOL) has started on bull activity, as Solana price stood at $59.2 after recording a daily increase of 7%, as the weekly rise now stands at 35%. ETH’s trade volume jumped by 7% during the same period, presently at $3.1B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves in the overbought region, showing bull dominance on Solana price.
Avalanche price analysis
Avalanche (AVAX) has also started on bull activity, as Avalanche price stood at $18.7 after recording a daily increase of 7.6%, as the weekly rise now stands at 46%. AVAX’s trade volume jumped by 28% during the same period, presently at $1B.
The Bollinger bands are diverging, showing high volatility levels on Avalanche Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves in the overbought region, showing bull dominance on Avalanche price.
OMG Network price analysis
OMG Network (OMG) has also started on bull activity, as OMG price stood at $0.68 after recording a daily increase of 7.67%, as the weekly rise now stands at 7.7%. OMG’s trade volume jumped by 260% during the same period, presently at $105M.
The Bollinger bands are diverging, showing high volatility levels on Avalanche Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves close to the overbought region, showing bull dominance on OMG price.
