Markets have started slowly, with the global market cap recording a 0.02% decrease in a day to take the total cap to $1.17T as of press time. The fear and greed index is also at 51, a neutral position as activity on markets remains minimal in today’s session.
Bitcoin analysis
Bitcoin (BTC) has encountered bear activity and is still facing huge resistance at $30K, trading at $29.3K after recording a daily drop of 0.05% and a weekly increase of 1.1%. Bitcoin’s trade volume has dropped by 18% during the same period and is presently at $9.4B.
The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is still above its average level, showing the effort by bulls for market dominance as the MACD also now moves in the green zone with bears struggling for a clawback.
Ethereum (ETH) analysis
Ethereum (ETH) has also started today slowly, as the asset now sits on mild gains of 0.01% within a day of trading to take it to $1846 as the trading volume dropped by 15% to take it to $3.17B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.Â
The RSI indicator is still above average as the asset’s bulls push for dominance. The MACD indicator also moves above at a neutral position as bulls and bears struggle for dominance on Ethereum.
Shiba Inu (SHIB) analysis
Despite missing out on today’s top ten list, Shiba Inu’s price is also having a tremendous session as the asset trades 7% above its previous 24-hour price, as the trading volume is 89% above its previous 24-hour one.Â
SHIB is also having high volatility levels as the Bollinger bands diverge from each other. The RSI is above its average line as it moves in the overbought region, showing great bull dominance as the MACd also moves in the green zone.
Dogecoin (DOGE) analysis
Doge is also making notable progress in today’s session as the asset trades 0.45% above its previous 24-hour price as the weekly gain stands at 0.6% with a spot price of $0.759, as the trading volume saw an 18% decrease within the same period.
Doge’s volatility levels are also decreasing as the Bollinger bands diverge from each other. The RSI also now shifts above its average line showing great bull dominance as the MACD also approaches a shift to the green zone.
Other analysis
Tron (TRX) has also posted some gains in today’s session, as the asset now trades at 0.28% above its previous 24-hour price as the weekly gain stands at 1.5% with a spot price of $0.07743 as Toncoin (TON) boasts massive gains of 3.8% in today’s bear session as the weekly gain stands at 8.2%.
