As stats indicate, bears are still in controll, as seen from the global market cap, which has dropped by 0.03% from its previous 24-hour one, as the total cap stood at $1.69T as of press time. The fear and greed index is 63, as fear now creeps back into the markets.
Bitcoin Price Analysis
Bitcoin (BTC), the number one crypto, has started on slight bull action today as the Bitcoin price stood at $42.7K as of press time, representing a 0.13% pump in the last 24 hours as the weekly drop stood at 3.5%. Bitcoin’s trading volume has dropped by 65% over the same period to stand at $14.7B.
The future price trajectory for Bitcoin looks bearish, as an in-depth analysis of 24-hour BTC/USD charts reveals. The Relative Strength Index indicator has crossed below 50, showing mounting bear pressure on BTC. The MACD indicator, on the other hand, is in the red zone, backing the bearish prospects for the Bitcoin price as well.
Ethereum Price Analysis
Ethereum (ETH) has failed to post gains today as the Ethereum price stood at $2533 as of press time, representing a 0.5% decrease in the last 24 hours as the weekly rise stood at 12.4%. The trading volume has dropped by 55% to $9.8B.
An in-depth analysis of the ETH/USD charts reveals bear action ETH, as shown by the Relative Strength Index indicator, which is currently on a southern trajectory, showing bear action on the Ethereum price. At the same time, the MACD moves in the red zone, supporting the bear prospects on the Ethereum price.
BNB Price Analysis
However, BNB (BNB) has managed to be among today’s top gainers, as the BNB price stood at $304.2 as of press time, representing a 1.5% increase in the last 24 hours as the weekly drop stood at 1.02%. The trading volume has dropped by 28% to $760M.
An in-depth analysis of the BNB/USD charts reveals a looming pump on the BNB price, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory as it heads for the overbought region, showing bull pressure on the BNB price. At the same time, the MACD is reverting toward the green zone, showing failed bear pressure on the BNB price.
Solana Price Analysis
Solana (SOL) is another gainer today as the Solana price stood at $97.48 as of press time, representing a 4.2% increase in the last 24 hours as the weekly rise stood at 0.28%. The trading volume has dropped by 31% to $2B.
An in-depth analysis of the SOL/USD charts reveals bull action on SOL, as shown by the Relative Strength Index indicator, which is currently on a northern trajectory, showing bull action on the Ethereum price. At the same time, the MACD is reverting toward the green zone, supporting the bull prospects on the Solana price.
Avalanche Price Analysis
Avalanche (AVAX) is our last gainer today as the Avalanche price stood at $36.3 as of press time, representing a 0.8% increase in the last 24 hours as the weekly rise stood at 2.8%. The trading volume has dropped by 36% to $502M.
An in-depth analysis of the AVAX/USD charts reveals bull action on AVAX, as shown by the Relative Strength Index indicator. It is currently on a northern trajectory as it approaches the 50 mark, showing bull action on the Avalanche price. At the same time, the MACD is reverting toward the green zone, supporting the bull prospects on the Solana price.
