Markets have started slowly, with the global market cap recording a 1.57% 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 analysis
Bitcoin (BTC) has encountered some bear activity and is still below the $30K level, as it is now trading at $29.9K after recording a daily drop of 1.8% and a weekly decrease of 1.1%. Bitcoin’s trade volume has dropped by 21% during the same period and is presently at $15.5B.
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 losses of 1.2% within a day of trading to take it to $1833 as the trading volume dropped by 19% to take it to $5.5B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.
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.
FTT analysis
FTX’s native token FTT is still making trends as the asset now trades 4% below its previous 24-hour price as the asset’s spot price now remains at $1.30 as the asset’s trading volume now stands at 36%.
However, FTT’s volatility levels are still low as the Bollinger bands maintain a close distance from each other. The RSI indicator is moving below its average line, confirming bear dominance on FTT as the MACD also moves in the negative region.
Trust Wallet Token (TWT) analysis
TWT is having a slow day today after its week-long rally as the asset now trades 4% below its previous 24-hour price with a spot price of $0.9294 at press time. TWT’s trading volume dropped by 68% within the same period to $13.4B.
TWT’s volatility levels are still increasing as the Bollinger bands diverge from each other as the MACD indicator also moves in the green zone, again indicating bull dominance on the Trust wallet token.
Other analysis
Alpaca Finance (ALPACA) is also making trends in today’s session despite the asset trading 1.2% below its previous 24-hour price to trade at $0.1703 as Kaspa (KAS) also makes trends with gains of 11% within a day to take its price to $0.04641 while BNB, also trading at $239, trades below its previous 24-hour price.
