Markets have started the week slowly, with the global market cap recording a 0.03% decrease in a day to take the total cap to $1.16T as of press time. The fear and greed index is also currently at 50, signifying a neutral market state, as it now stagnates.
Bitcoin (BTC) analysis
Bitcoin (BTC) is still encountering some bear activity, as it is still trading at $29K after recording a daily drop of 0.4% and a weekly decrease of 1.1%, as minimal activity is witnessed on the asset. Bitcoin’s trade volume has dropped by 26% during the same period and is presently at $8.1B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is still below its average level, showing the effort by bears for market dominance, as the MACD also approaches a shift to the green zone, showing a great struggle between bulls and bears.
Ethereum (ETH) analysis
Ethereum (ETH) has also started the week slow, as the asset now sits on mild losses of 0.1% within a day of trading to take it to $1829 as the trading volume increased by 27% to take it to $3.5B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.
The RSI indicator still moves below its average line, indicating a likely bearish trend on Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves below the negative region, showing the effort by bears to dominate markets as bulls push for a crossover to the negative region.
Shiba Inu (SHIB) analysis
SHIB is making trends despite facing mild losses in today’s session after its recent rally, as the asset now trades 4.6% below its previous 24-hour price as it now holds a spot price of $0.000009267 while the trading volume dropped by 66%.
SHIB’s volatility levels are still high as the Bollinger bands diverge away from each other, indicating rising volatility. The RSI indicator is currently above its average line showing the dominance of bulls on the network, as the MACD also moves in the green zone with bears trying to hop in.
Curve Network (CURVE) analysis
CURVE is having a slightly bullish session as the asset trades at $0.000144 representing a 4.7% increase within a day of trade as the trading volume dropped by 36% within a day of trade, the trading volume now stands at $3,256.
CURVE’s volatility levels are high as per the Bollinger bands which are moving at a far distance from each other as the RSI approaches a shift over the average line with bulls pushing for dominance on the token.
Other trending tokens
StormX (STMX) is still trending in today’s session despite the asset trading 3% below its previous 24-hour price with a spot price of $0.006732 as Bancor BNT also pops among the trending tokens despite making losses of 8.8% within a day of trading to take its price to $0.5284 as of press time. Solana (SOL) is also making trends despite making mild gains of 0.57% within a day of trade as the token now trades at $23.
