A minor bearish trend has characterized today’s market session after markets rallied ahead of yesterday’s bull run. Bitcoin (BTC), now the second most trending asset, has started slowly as the asset now records a 0.29% drop from its previous 24-hour price as the asset now hovers around the $30K level.
BTC, currently trading at $30.05K, has a trading volume of $18,501,929,239, representing a 40% drop within the same period. Bitcoin’s volatility levels are still rising high as the Bollinger bands diverge further away from each other.
The relative strength indicator is also moving high above its average line as the asset’s bulls now enter the overbought region as a bullish domination is seen. The MACD indicator is has also shifted high above to the positive side as bulls look to take control of the markets.
Altcoin analysis
Ethereum (ETH) has also seen a mild drop of 1.3% as the asset faces resistance at the $1.9K level. Ethereum has a trading volume of $7B, representing a 40% drop. Ripple (XRP) has also seen a notable drop as the asset now trades at $0.497, representing a 2.5% drop within a day of trading, as the weekly gain now stands at 3.2%. Ripple’s trading volume has seen a 22% drop within 24 hours of trading to reach $1B.
Pepe, Currently on top of the trending list, is boasting massive gains in today’s correction face as the asset now rides on gains of 7.7% within 24 hours of trading to take its price to $0.000001586 as of press time while the trading volume now stands at 750.29M.
Other altcoins have, however, had volatile sessions with Cardano (ADA), recording a 0.7% 24-hour drop as the weekly gain stood at 11% within a day of trading. Dogecoin (DOGE) is showing resilience as the asset now trades at $0.06201 representing 7.6% gain, as the weekly gain stood at 7.6%.
Floki is another notable gainer today as the asset records a 2.9% gain within a day of trading, showing meme coin dominance in today’s session. Floki, currently trading at $0.00002715, has a trading volume of 114.76M.
Other notable gains in today’s session are from UNUS SED LEO (LEO), which now sits on a 6.7% gain in 24-hour as the weekly gains stand at 8.5%. Conflict (CFX) has also shown tremendous growth in today’s market session as the asset sits on a 2.5% as the weekly gain now stands at 38%.
