Today’s market session started turbulently as the global market cap recorded a drop of 0.7% within 24 hours of market activity, taking the total market cap to $1.17T as of press time.
Bitcoin (BTC) analysis
Bitcoin still sees much bear activity on its network as it faces massive resistance at the $31K level. Bitcoin, Currently trading at $30.09K, has seen a 0.6% drop from its previous 24-hour price as the trading volume registered a 15% increase within the same period to take it to $8,756,409,817.
Bitcoin’s Volatility levels are now low as the Bollinger bands now move close to each other. However, The RSI is moving below its average line, showing the effort by bears to grasp the network as the MACD also moves in the negative region.
Ethereum (ETH) analysis
Ethereum has also had a relatively slow session today as the asset starts today with a drop of 0.75% in price valuation to take its price to $1854 as of press time, while the trading volume saw a 13% increase within the same period to take it to $4,766,132,322 as the market cap also dropped by 0.6%.
ETH’s volatility levels are also falling as the asset’s Bollinger bands shift toward each other. At the same time, the RSI indicator still moves below its average line, showing the bear’s effort to control the asset’s network. The MACD indicator has also shifted to the negative side showing the bear efforts on Ethereum.
Doge Killer (LEASH) analysis
LEASH has ad a rater turbulent session today as it trends on the community’s top list with a valuation drop of 23% within a day of trading to take its price to $450 as of press time, as the asset now ranks on #366 on CoinMarketCap with a trading volume of 7.63M.
Doge Killer’s volatility levels are however rising as the Bollinger bands now diverge away from each other indicating increasing volatility on the meme coin as the RSI, moves high above in the overbought region displaying the bull dominance on LEASH as the MACD indicator also moves high in the positive region.
Shiba Inu (SHIB) analysis
SHIB has also had a slow start today despite making trends, dropping by 1.6% within a day of trading to take its price to $0.000007566 as it now ranks 18th on CoinMarketCap with a trading volume of 131.48M as of press time and a circulating supply of 589,347.78B SHIB.
The meme coin’s volatility levels are however low as the asset’s bollinger bands move closer to each other indicating reducing volatility on SHIB. At the same time, the RSI approaches a shift below the average line as bulls and bears struggle for market dominance.
Other analysis
Avalanche (AVAX) has also started slowly as the asset now sits on a 5% drop within a day of trading to take its price to $13.28 as of press time while, Wrapped Bitcoin (WBTC), posts notable gains of 7% despite today’s bear trend, while Compound (COMP), also recorded revenues of 12% within a day of trading.
