Today’s market session is seeing some bull activity as the global market cap records a % increase within a day of market activity, as the global market cap now stands at $1.05 as of press time.
Toncoin (TON) analysis
Toncoin (TON) is having a tremendous session today as the asset now trades 3% above its previous 24-hour price the token held a price of $1.48 at press time, as the trading volume saw a 9% decrease within the same period to now stand at $24.4M.
TON’s volatility levels are stable as the Bollinger bands maintain a close distance from each other as the RSI indicator moves above the average line, showing bull dominance on TON. The MACD is also moving in the green zone.
Maker (MKR) analysis
MKR is also making gains today as the asset trades 3.4% above its previous 24-hour price as it now holds a spot price of $1,064, while the trading volume now stands at $51.2M, representing a 16% decrease from its previous 24-hour one.
However, MKR’s volatility levels are increasing as the Bollinger bands now seem to be diverging while the RSI bow moves above the average line, showing bull dominance on MKR. The MACD is also approaching a shift to the green zone, showing a bull effort for market dominance.
Arbitrum (ARB) analysis
ARB is also making gains today as the asset trades 1.9% above its previous 24-hour price as it now holds a spot price of $0.958, while the trading volume now stands at $95.1M, representing a 30% decrease from its previous 24-hour one.
However, ARB’s volatility levels are also increasing as the Bollinger bands seem to diverge while the RSI moves below the average line, as bulls for a shift above the line. The MACD is also approaching a shift to the green zone, showing a bull effort for market dominance.
IOTA (MIOTA) analysis
IOTA is also seeing slight gains today as the token trades 2.3% above its previous 24-hour price as it now holds a spot price of $0.1488, while the trading volume now stands at $4.9M, representing a 38% increase from its previous 24-hour one as of press time.
However, IOTA’s volatility levels are increasing as the Bollinger bands diverge while the RSI bow moves above the average line, showing bull dominance on IOTA. The MACD is also approaching a shift to the green zone, showing a bull effort.
Solana (SOL) analysis
Solana (SOL) price is also gaining today as the token trades 2.1% above its previous 24-hour price as it now holds a spot price of $20.71, while the trading volume now stands at $152.1M, representing a 34% decrease from its previous 24-hour one as of press time.
However, SOL’s volatility levels are increasing as the Bollinger bands diverge while the RSI approaches a shift above the average line, showing bull effort on SOL. The MACD is also approaching a shift to the green zone, again showing a bull effort.
Avalanche (AVAX) analysis
AVAX is also posting gains today as the token trades 1.3% above its previous 24-hour price as it now holds a spot price of $10.17, while the trading volume now stands at $89.3M, representing a 17% decrease from its previous 24-hour one as of press time.
However, AVAX’s volatility levels increase as the Bollinger bands diverge while the RSI moves above the average line as bulls push for a recovery from the oversold region. The MACD is also approaching a shift to the green zone, again showing a bull effort.
Terms to Know
Trading
Bear Trap
Bitcoin Dominance (BTCD)
Gems
Initial Coin Offering (ICO)
Source: https://blockchainreporter.net/daily-analysis-ton-mkr-arb-miota-iota-sol-avax/