Markets have also started on a bear run today, with the global market cap recording a 0.4% decrease in a day to take the total cap to $1.05T as of press time. The fear and greed index is now at 35, showing a slight drop in the fear index.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bear activity, trading at $25.9K after recording a daily decrease of 0.4%, as the weekly drop now stands at 0.39%. Bitcoin’s trade volume rose 34% during the same period, presently at $7.4B.
The Bollinger bands are still far from each other, indicating that the volatility of Bitcoin is still high. The Relative Strength Index (RSI) is still below its average line in the oversold region, as bulls and bears struggle for dominance while the MACD moves towards a shift to the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started today on bear activity, as the asset now sits on losses of 0.4% within a day of trading to take it to $1642 as the trading volume rose by 27% to take it to $3B as of press time. ETH’s volatility levels are also increasing as the Bollinger bands move far from each other.
The RSI indicator is now above the average as bulls and bears struggle for dominance, while the MACD indicator also moves in the red zone as it approaches a shift to the green zone.
Pepe (PEPE) analysis
PEPE has encountered bear activity, trading at $0.000000873 after recording a daily decrease of 2.5%, as the weekly drop now stands at 21% ahead of its most recent rug pull concerns.
PEPE’s trade volume dropped by 8% during the same period, presently at $77.3M. The Bollinger bands are now diverging from each other, indicating that the volatility of Bitcoin is still high. The Relative Strength Index (RSI) is still below its average line close to the oversold region, as bears struggle for dominance while the MACD also moves in the red zone.
Sonic (HOTDOG) analysis
Sonic is also having a tremendous session, posting gains of 78% within a day of trade, as the asset now holds a spot price of $0.008061. Sonic’s weekly performance has seen it drop 9.5% from its previous 7-day price as the asset looks to recover from the week’s dip.
Sonic’s trading volume has also seen a 5.2% increase within the same period as activity on the network increases. The token held a trading volume of $1.18M as of press time in today’s session.
Valke Moon (VALKEMOON)
Valke Moon is also having a tremendous session, posting gains of 14% within a day of trade, as the asset now holds a spot price of $0.00005548. Valke Moon’s weekly performance has seen a 29% rise from its previous 7-day price.
Valke Moon’s trading volume has also seen a 5.9% increase within the same period as activity on the network increases. The token held a trading volume of $250.31M as of press time in today’s session.
