Bitcoin analysis
As of press time, the global market capitalization had risen by 0.34% in 24 hours of trade, reaching $1.18T as the market tried to recover. Bitcoin (BTC) is having a quiet day, up 0.2%, with a price of $30.2K as of press time as the cryptocurrency continues encountering resistance near the $31K mark.
As the Bollinger bands approach each other, volatility in Bitcoin prices also decreases. The bears’ struggle for control of BTC is shown by the RSI’s current position below the average line and the MACD’s recent crossover to the opposing side.
Ethereum analysis
Ethereum (ETH) is likewise enjoying a lazy day, with prices now at $1860, down 0.2% from the previous day, as it returns below the $1.9K level. Trade activity for the asset has also dropped by 39% within the same period, reaching $5.2 billion.
As the Bollinger bands gradually move closer together, volatility in ETH is also diminishing. The RSI is also moving below the average line, which indicates that bears are attempting to gain control of the ETH market. Even the MACD indicator, which has shown that bulls are in control until now, is on the verge of switching to the bearish side.
Solana (SOL) analysis
Solana is making tremendous gains in today’s session, as the asset’s 24-hour gain stood at 10% as of press time. Solana’s trading volume, currently at 1.35% up from its previous 24-hour one, was $994,482,774.
Solana’s volatility levels are, however, increasing as the Bollinger bands now diverge away from each other, indicating an increase in volatility levels. The RSI moves above the average line, indicating the bull dominance on SOL as the MACD indicator also moves high in the positive region.
Bone ShibaSwap (BONE) analysis
BONE has had an extraordinary session today as the asset now sits on gains of 17% within a 24-hour trading period to take its price to $1.3405 as it now ranks at position #99 on CoinMarketCap. BONE’s trading volume stood at 21.37M as of press time.
However, BONE’s volatility levels are increasing as the asset’s Bollinger bands diverge away from each other, indicating rising volatility. The RSI indicator is also above its average as the asset’s trading volume bulls now dominate, with the MACD indicator also moving positively.
Other notable gainers in today’s session are Avalanche (AVAX), which has gained 7% within 24 hours to take its price to $13.53, as the weekly gain currently stood at 4.3% as of press time. Toncoin (TON) has also made tremendous gains in today’s session, gaining 3% in a day’s trading to take its price to $1.38.
