Bitcoin (BTC) has been having a rather volatile week with the price of the crypto king fluctuating between $26K and $27K as bulls and bears struggled to take control of the assets market. Bitcoin volatility levels however decreased gradually over the week as Bollinger bands strategy converged slowly back together over the week.
Bitcoin, now trading at $26.8K, had seen a 0.13% increase in price valuation for the week as the asset struggles to reclaim the $28K before the end of next week. The RSI is moving slightly below the moving average while the MACD indicator now moves to the positive side displaying the struggle between the bulls and bears in controlling the asset’s market.
Ethereum’s (ETH) weekly analysis also shows signs of recovery as the asset sits on a weekly gain of 0.3% according to stats provided by CoinMarketCap. Ethereum, trading at $1,813 as of press time, has been facing much resistance at the $ 1.9K level for the better part of the week despite various efforts by bulls to break above the level.
Ripple (XRP) has been having an outstanding week as the asset boasts an 8% gain in price valuation for the week. The asset, trading at $0.4646 as of press time, has had a rather non-volatile week as its weekly chart’s Bollinger bands strategy displays a rather low volatile session.
Dogecoin (DOGE) and Solana (SOL) have also made small gains of less than 2% as Litecoin boasts massive gains for the week. Trading at $91.30 the asset had gained 13% for the week ahead of the launch of its lightning network earlier this week.
On CoinMarketCap’s trending list PEPE has lost 10% in valuation for the week after experiencing massive surges for the week. Wagmi Coin (WAGMI), currently ranking as the second most trending coin, has recorded a massive surge of over 93% within the week.