Bitcoin (BTC) analysis
Minor bullish signals still characterise today’s market session as the global market cap now sits on gains of 0.3%, taking it to $1.19T as of press time. Bitcoin is trading at $30.7 as the asset’s gains currently stand at 0.36% and the weekly drop at 0.3%.Â
Bitcoin’s volatility levels are also low as the Bollinger bands diverge towards each other, indicating reducing volatility as the RSI approaches a shift over the average line, sowing the effort by bulls for market dominance. At the same time, the RSI also looks to shift to the positive region.
Ethereum (ETH) analysis
Ethereum is also experiencing mild bullish signs as the asset now sits on gains of 0.2%, taking its price to $1890. The weekly drop now stands at 2.4% as the trading volume saw a 16% drop within a day of trading to take it to $5B.
The Bollinger bands are converging towards each other, showing reducing volatility on the asset as the RSI indicator moves below the average line as bears look to dominate today’s session as the MACD also moves below the negative region as of press time, showing bear dominance on ETH.
Solana (SOL) analysis
Solana also has a day with mild bull activity, as the asset now sits on a drop of 0.17 within a day of trading to take its price to $22.07 as the trading volume recorded a 31% drop within a day of trading to take it to $374,120,888 as of press time with the market cap recording a 0.08% drop within a day of trading as well.
Solana’s volatility levels are, however, increasing as the Bollinger bands diverge away from each other, indicating rising volatility as the asset’s RSI moves above its average region showing great bull dominance on SOL as the MACD indicator also moves high in the positive region.
Compound (COMP) analysis
COMP is still making tremendous gains as the asset bags another 5% raise in price valuation from its previous 24 hours as the asset continues its bullish trend streak. COMP, currently with a trading volume of 162M as of press time, is trading at $67.34.
However, COMP’s volatility levels are high as the asset’s bollinger bands maintain a high distance from each other as the RSI, now in the overbought region, struggles to remain above the average line with bulls and bears struggling for market dominance. The MACD indicator is also positive as bulls raid the COMP network.
Other analysis
Bitgert (BRISE), also on today’s trending list, has seen a 15% surge within a day of trading to take its price to $0.0000002596 as of press time as FTX’s native token FTT also saw a 17% surge in valuation within a day of trading to take its price to $1.6484. In comparison, Ontology (ONT) trades 4% above its previous 24-hour price as it now trades at $0.2052.
Stacks (STX) is also doing well in today’s session as the asset now sits on gains of 3.8% within a day of trading to take its price to $0.6704 as te 7-day drop now stands at 3.9% as bulls keep pushing for a recovery.
