Markets are on bear activity today, with the global market cap sitting 0.22% below its previous 24-hour mark, as the total cap stands at $1.56T as of press time. The fear and greed index is 74, as greed now fades. The global trading volume is 17% up in 24 hours, at $80.1B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) is riding on bear activity, as the Bitcoin price stood at $41.8K as of press time after recording a daily decrease of 0.4% and a weekly rise of 1%. As a result of the Bitcoin price, the token’s trade volume jumped by 25% during the same period and is presently at $32.1B.
The Bollinger bands are far apart, showing high volatility levels on the Bitcoin price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on the Bitcoin price today.
Ethereum Price Analysis
Ethereum (ETH) is also riding on bear activity, as the Ethereum price stood at $2,228 as of press time after recording a daily decrease of 0.2% and a weekly rise of 1%. As a result of the Ethereum price, the token’s trade volume jumped by 8% during the same period and is presently at $13.9B.
The Bollinger bands are far, showing high volatility levels on the Ethereum price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on the Ethereum price.
Injective Price Analysis
Injective (INJ) is, however, riding on bull activity, as the Injective price stood at $26.33 as of press time after recording a daily increase of 22% and a weekly rise of 61%. As a result of the Injective price, the token’s trade volume jumped by 80.8% during the same period and is presently at $519M.
The Bollinger bands diverge, showing high volatility levels on the Injective price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the Injective price.
Immutable Price Analysis
Immutable (IMX) is also riding on bull activity, as the Immutable price stood at $2.13 as of press time after recording a daily increase of 12% and a weekly rise of 49%. As a result of the Immutable price, the token’s trade volume jumped by 34% during the same period and is presently at $368M.
The Bollinger bands diverge, showing high volatility levels on the Immutable price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the immutable price.
Optimism Price Analysis
Optimism (OP) is also riding on bull activity, as the Optimism price stood at $2.35 as of press time after recording a daily increase of 9% and a weekly rise of 34%. As a result of the Immutable price, the token’s trade volume jumped by 45% during the same period and is presently at $605M.
The Bollinger bands are diverging, showing high volatility levels on the Optimism price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on the Optimism price.
