Markets have started slowly, with the global market cap recording a 0.02% decrease in a day to take the total cap to $1.16T as of press time. The fear and greed index is also currently at 51, a neutral position, as it gets better and better.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered some bull activity despite still being below the $30K level, as it is now trading at $29.1K after recording a daily gain of 0.4% and a weekly decrease of 0.05%. Bitcoin’s trade volume has dropped by 19% during the same period and is presently at $12.4B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is below its average level, showing the effort by bears for market dominance as the MACD also moves in the red zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started the week slow, as the asset now sits on mild gains of 0.02% within a day of trading to take it to $1831 as the trading volume dropped by 16% to take it to $4.6B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.Â
The RSI indicator still moves below its average line, indicating a likely bearish trend on Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves below in the negative region, showing the effort by bears to dominate markets.
XDC Network (XDC)
XDC has a tremendous session as the asset now trades 4% above its previous 24-hour price as the weekly gain stands at 45%, with the asset trading at $0.08543 with the trading volume recording a 28% increase within the same period.
XDC’s volatility levels are high as the Bollinger bands diverge from each other. At the same time, the RSI moves above its average line close to the overbought region as the MACD also moves high in the green zone, again showing bull dominance.
Optimism (OP) analysis
OP is also having a tremendous session as the asset now trades 3.7% above its previous 24-hour price as the asset now trades at $1.7125, as the trading volume is 34% above its previous 24-hour one, as trading volume now stands at $232M.
OP’s volatility levels are slowly increasing as the Bollinger bands do not diverge from each other. This indicates increasing volatility levels on OP as the RSI moves high above the average line, sowing bull dominance as the RSI also moves in the green zone, again showing bull dominance.
Other analysis
Kaspa (KAS), also on today’s trending list, is having a relatively slow day as the asset now trades 1.5% below its previous 24-hour price to take its spot price to $0.04605 as of press time, while Telos (TLOS) trades 0.5% below its previous 24-hour price as the asset now trades at 0.137. X token is also making tremendous gains in today’s session as the asset trades 54% above its previous 24-hour price with a spot price of $0.0002069 as of press time.
