Markets are again riding on slight bear activity today, with the global market cap sitting 0.24% below its previous 24-hour mark, as the total cap still stands at $1.07T as of press time. The fear and greed index is still at 42.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as Bitcoin price stood at $26.6K as of press time after recording a daily decrease of 1.6%, and a weekly rise now stands at 0.09%. As a result of the Bitcoin price, the token’s trade volume jumped by 9% during the same period and is presently at $13.9B.
The Bollinger bands are now moving at a close distance, showing stable volatility levels on Bitcoin Price as the Relative Strength Index (RSI) currently above the average line, approaches a cross-over below the line as bears take effect.The MACD moves in the green zone as it approaches a shift to the red zone, showing some bear effects on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also encountered slight bear activity, as Ethereum price stood at $1591 after recording a daily decrease of 1.8%, and the weekly drop now stands at 2.3%. ETH’s trade volume jumped by 3.15% during the same period and is presently at $5.1B.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is below the average line as bears now strive for dominance while the MACD moves in the green zone, as it approaches a shift to the red zone.
BNB price analysis
Binance Coin (BNB) has also encountered bear activity, as BNB price stood at $210.63 after recording a daily decrease of 1.48%, and the weekly drop now stands at 0.8%. BNB’s trade volume dropped by 1.72% during the same period and is presently at $376M.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on BNB Price. The Relative Strength Index (RSI) is below the average line as bears now dominate BNB price while the MACD moves in the green zone, as it also approaches a shift to the red zone.
Ripple price analysis
Ripple (XRP) has also encountered slight bear activity, as Ripple price stood at $0.5093 after recording a daily decrease of 0.46%, as the weekly rise now stands at 2.6%. XRP’s trade volume dropped by 14.2% during the same period and is presently at $867M.
The Bollinger bands are now pretty close to each other, showing low volatility levels on Ripple Price. The Relative Strength Index (RSI) is above the average line as bears now push for a decline below the line while the MACD moves in the green zone showing both bull and bear action on Ripple price.
Dogecoin price analysis
Dogecoin (DOGE) has also encountered slight bear activity, as Dogecoin price stood at $0.06166 after recording a daily decrease of 1.48%, and the weekly drop now stands at 0.42%. DOGE’s trade volume dropped by 2.5% during the same period and is presently at $197M.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on Dogecoin Price. The Relative Strength Index (RSI) is however above the average line showing some bull action on Dogecoin price while the MACD moves in the green zone, as it approaches a shift to the red zone.
