Markets have started slowly, with the global market cap recording a 0.45% 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, a neutral position, as it drops further.
Bitcoin analysis
Bitcoin (BTC) is still encountering some bear activity, still below the $30K level, as it is now trading at $29K after recording a daily drop of 0.4% and a weekly decrease of 1.1%. Bitcoin’s trade volume has dropped by 9% during the same period and is presently at $11.3B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is below its average level, showing the effort by bears for market dominance as the MACD also moves in the red zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started the week slow, as the asset now sits on mild losses of 0.12% within a day of trading to take it to $1829 as the trading volume increased by 1% to take it to $4.7B 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 in the negative region, showing the effort by bears to dominate markets.
Bancor (BNT) analysis
BNT had a tremendous session this morning as the asset traded 48% above its previous 24-hour price. The weekly gain currently stands at 39%, as the trading volume rose by a massive 11,121% within the same period as activity on the token exploded.
Bancor’s volatility levels seem to be spiking as the Bollinger bands diverge entirely from each other amid the spike in activity as the RSI moves in the overbought region showing great bull dominance. At the same time, the MACD also moves in the green zone.
Shibainu (SHIB) analysis
SHIB is having a good market session today as the asset trades 8.3% above its previous 24-hour price to now trade at $0.00000909 as the weekly gain now stands at 10%, with the trading volume spiking by 136% within the same period.
SHIB’s volatility levels are also rising as the asset’s Bollinger bands diverge from each other while the RSI, close to the overbought region, is moving above its average line showing bull dominance by Shiba Inu bulls as the MACD also moves in the green zone.
Other analysis
Curve Network (CURVE) is also making trends today despite the asset trading 22% below its previous 24-hour price with a spot price of $0.0001155, as the asset now ranks at #4703. Another token that is making trends today is StormX (STMX), trading 5.3% above its previous 24-hour price with a spot price of $0.007079.
