Today’s market session has started slowly as the global market cap has seen a 0.4% reduction from its previous 24 hours to take it to $1.21T. The market Fear and Greed Index is also currently neutral, according to CoinMarketCap.
Bitcoin (BTC) analysis
Bitcoin has kicked off today’s session slowly, posting a drop of 0.2% within 24 hours of trade as the asset now faces resistance at $31K once more, leveling to trade at $30.2K as of press time. BTC’s trading volume has also seen a 57% drop within the same period as market activity generally declines.
Bitcoin’s volatility levels are now low as the Bollinger bands move close to each other, indicating increasing volatility. The RSI indicator is now below the average line showing bear dominance.
Ethereum (ETH) analysis
Ethereum is also having a slow session as the asset trades 52% below its previous 24-hour price to take its price back below $2K as the asset now trades at $1929. ETH’s trading volume had dropped by 52% as of press time.
Ethereum’s volatility levels are still increasing as the Bollinger bands now diverge away from each other, indicating increasing volatility. The RSI moves above the average line as ETH bulls push for continued dominance.
Ripple (XRP) analysis
Still, on top of every trend list, Ripple is struggling in today’s session, having dropped 57% in price valuation within 24 hours to now trade at $0.71. Ripple’s trading volume has seen a massive drop of 57% as of press time, currently at $2.4 B.
Ripple’s volatility levels remain high amid the activity as the Bollinger bands diverge entirely. The RSI indicator is still in the overbought region as the MACD indicator also moves high on the positive region indicating continuous bull dominance on Ripple.
Solana (SOL) analysis
Solana is still facing corrections in today’s session as the asset records a 3.7% decrease within 24 hours of trading to take its price to $27.71 as of press time. SOL’s trading volume has also dropped 41% within the same period as crypto activity continues to drop.
SOL’s volatility levels are still increasing as the Bollinger bands move away from each other. The RSI is still above its average line in the overbought region as bulls dominate for the second day, with the MACD moving in the positive region.
Other analysis
BitDAO (BIT) is among today’s gainers. The asset trades 3.5% above its 24-hour price to reach $0.532 as of press time. BIT’s weekly gain currently stood at 23%. Maker (MKR) is also gaining significantly, trading at $942.36, representing an 8% increase in valuation within 24 hours.
