Markets are riding on bull activity today, with the global market cap sitting 0.55% 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 now 39, as fear still dominates the market.
Bitcoin price analysis
Bitcoin (BTC) has started on slight bear activity, as Bitcoin price stood at $26.23K as of press time after recording a daily decrease of 0.25% and a weekly drop of 3.09%. As a result of the Bitcoin price, the token’s trade volume dropped by 30% during the same period and is presently at $7.2B.
The Bollinger bands are still moving at a close distance, showing stable volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves below the average line as bears take effect. The MACD moves in the green zone towards the red zone, showing bear effects again on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has encountered slight bull activity, as Ethereum price stood at $1593 after recording a daily increase of 0.32%, as the weekly drop now stands at 2.4%. ETH’s trade volume dropped by 8.9% during the same period and is presently at $3.3B.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, as bears now strive for a dominant session on Ethereum price while the MACD moves in the green zone close to the red zone, showing bear domination Ethereum price.
Maker price analysis
Maker (MKR) has encountered slight bull activity, as Maker price stood at $1415 after recording a daily increase of 5.7%, as the weekly rise now stands at 9%. MKR’s trade volume jumped by 78% during the same period and is presently at $120.3M.
The Bollinger bands are now diverging, showing increasing volatility levels on Maker Price. The Relative Strength Index (RSI) is above the average line, as bulls now dominate Maker price while the MACD moves in the green zone, showing bull domination Maker price.
1inch Network price analysis
1inch Network (1inch) has also encountered bull activity, as 1inch price stood at $0.2688 after recording a daily increase of 1.07%, as the weekly rise now stands at 7.5%. 1INCH’s trade volume dropped by 15% during the same period, presently at $15.4M.
The Bollinger bands are now diverging, showing increasing volatility levels on 1inch Price. The Relative Strength Index (RSI) is above the average line, as bulls now dominate Maker price while the MACD moves in the green zone, showing bull domination Maker price.
Synthetix price analysis
Synthetix (SNX) has also encountered bull activity, as SNX price stood at $2.01 after recording a daily increase of 1.6%, as the weekly drop now stands at 6.33%. SNX’s trade volume dropped by 9% during the same period, presently at $15.8M.
The Bollinger bands are now slightly converging, showing increasing volatility levels on Synthetix Price. The Relative Strength Index (RSI) is below the average line as it approaches a crossover, as bulls now dominate SNX price while the MACD moves in the green zone, showing bull domination SNX price.
