Markets are riding on bull activity today, with the global market cap sitting 0.35% above its previous 24-hour mark, as the total cap still stands at $1.05T as of press time. The fear and greed index is 40 as markets maintain neutrality. However, the global trading volume has dropped by 46% in 24 hours, at $13.6B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on slight bull activity today, as Bitcoin price stood at $26.9K as of press time after recording a daily increase of 0.10% and a weekly drop of 3.6%. As a result of the Bitcoin price, the token’s trade volume rose by 56% during the same period and is presently at $4.8B.
The Bollinger bands are now moving closely, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is, however, moving below the average line as bearishness wears off Bitcoin price.
Ethereum price analysis
Ethereum (ETH) is also riding on slight bull activity, as Ethereum price stood at $1557 after recording a daily decrease of 0.64%, as the weekly drop now stands at 4.2%. ETH’s trade volume dropped by 48% during the same period and is presently at $2.1B.
The Bollinger bands are now diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves below the average line, showing bear effects on Ethereum price despite the price increase.
Dogecoin price analysis
Dogecoin (DOGE) is also riding on slight bull activity, as Dogecoin price stood at $0.05944 after recording a daily increase of 1.59%, as the weekly drop now stands at 2.9%. DOGE’s trade volume dropped by 11% during the same period and is presently at $118M.
The Bollinger bands are now diverging, showing high volatility levels on Dogecoin Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Dogecoin price.
Shiba Inu price analysis
Shiba Inu (SHIB) is also riding on bull activity, as Shiba Inu price stood at $0.000007031 after recording a daily increase of 1.05%, as the weekly drop now stands at 2.5%. SHIB’s trade volume jumped by 38% during the same period and is presently at $84.5M.
The Bollinger bands are not wide apart, showing low volatility levels on Shiba Inu Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Shiba Inu price.
Stellar price analysis
Stellar (XLM) is also riding on bull activity, as Shiba Inu price stood at $0.105 after recording a daily increase of 1.4%, as the weekly drop now stands at 5.4%. XLM’s trade volume dropped by 18% during the same period, presently at $37.6M.
The Bollinger bands are not wide apart, showing low volatility levels on Stellar Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bearishness waring off Stellar price.
