Markets have also started on slight bull activity today, with the global cryptocurrency market cap recording a 0.6% increase daily to take the total cap to $1.06T as of press time. The fear and greed index is also now at 34, as the fear and greed index remains stagnant.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bull activity, trading at $26K after recording a daily increase of 0.35%, as the weekly drop now stands at 0.26%. Bitcoin’s trade volume jumped by 35% during the same period, presently at $10.8B.
The Bollinger bands are still diverging, indicating that the volatility of Bitcoin is still high. The Relative Strength Index (RSI) is now above its average line as bulls try to push out of the oversold region. The MACD also moves towards a shift to the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has started today on mild bull activity, as the asset now sits on gains of 0.46% within a day of trading to take it to $1648 as the trading volume rose by 51% to take it to $4.7B as of press time. ETH’s volatility levels are also increasing as the Bollinger bands diverge.
The RSI indicator is now above the average as bulls struggle to dominate. The MACD indicator also moves in the red zone as it approaches a shift to the green zone.
Litecoin (LTC) Analysis
Litecoin (LTC) also encountered minor bull activity, trading at $65.21K after recording a daily increase of 1.2%, as the weekly drop now stands at 1.5%. LTC’s trade volume jumped by 6.7% during the same period, presently at $232M.
The Bollinger bands are, however, moving far from each other, indicating that the volatility of LTC is high. The Relative Strength Index (RSI) is also above its average line as bulls try to push out of the oversold region again. The MACD has now shifted towards the green zone.
Bone ShibaSwap (BONE) analysis
BONE has started on bear activity today, as the asset now sits on a drop of 4.5% within a day of trading to take it to $1.28 as the trading volume dipped by 33% to take it to $7.6M as of press time. ETH’s volatility levels are also increasing as the Bollinger bands move at a distance from each other.
The RSI indicator is now above the average as bulls and bears struggle to dominate. The MACD indicator also moves in the red zone as it approaches a shift to the green zone, again showing a struggle between bulls and bears.
Pepe (PEPE) analysis
PEPE has also started on the bear activity today, as the asset now sits on a drop of 3.7% within a day of trading to take it to $0.0000008366 as the trading volume dipped by 11% to take it to $71M as of press time.PEPE’s volatility levels are on the verge of a spike as the Bollinger bands diverge.
The RSI indicator is now below the average as bears dominate Pepe. The MACD indicator also moves in the red zone, again showing bear effort.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-pepe-bone-ltc/