Markets have started on slight bear activity today, with the global market cap recording a 0.87% decrease within a day as the total cap stands at $1.04T as of press time. The fear and greed index is also now at 35, as fear still looms over the market.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bear activity, trading at $25.6K after recording a daily decrease of 1.14%, as the weekly drop now stands at 1.28%. Bitcoin’s trade volume jumped by 9.7% during the same period, presently at $10.6B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is dropping. The Relative Strength Index (RSI) is still above its average line as bulls and bears fight for dominance. The MACD also moves in the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started today on mild bear activity, as the asset now sits on losses of 0.96% within a day of trading to take it to $1621 as the trading volume jumped by 28% to take it to $4.3B as of press time. ETH’s volatility levels are still decreasing as the Bollinger bands converge.
The RSI indicator is still above the average as bulls struggle to dominate. The MACD indicator also now moves close to the average line, as bears push for a crossover to the red zone.
Dogecoin (DOGE) analysis
DOGE has however seen mild bull activity, as the asset now sits on gains of 1.3% within a day of trading to take it to $0.06415 as the trading volume jumped by 15% to take it to $193M as of press time. Doge’s volatility levels are still low as the Bollinger bands now move close to each other.
The RSI indicator is moving above the average line as bulls now dominate the meme coin’s network. The MACD indicator also now moves in the green zone asserting the bull dominance effect on the token.
Orchid (OXT) analysis
OXT has also started today on mild bear activity, as the asset now sits on losses of 2.3% within a day of trading to take it to $0.05983 as the trading volume dropped by 75% to take it to $6.6M as of press time. OXT’s volatility levels are still low as the Bollinger bands now move close to each other.
The RSI indicator is moving below the average line as bears now dominate the token’s network. The MACD indicator also now moves in the red zone asserting the bear effect on the token.
Vulcan Forged PYR (PYR) analysis
PYR has however started today on bull activity, as the asset now sits on gains of 4.8% within a day of trading to take it to $4.0606 as the trading volume jumped by 25% to take it to $48.2M as of press time. PYR’s volatility levels are increasing as the Bollinger bands diverge from each other.
The RSI indicator is moving above the average line close to the overbought region as bulls now dominate the token’s network. The MACD indicator also now moves high in the green zone, asserting bull dominance on the token.
