Markets are riding on bear activity today, with the global market cap sitting 1.17% below its previous 24-hour mark, as the total cap stands at $1.6T as of press time. The fear and greed index is 73, as greed fades again. The global trading volume is 18% down in 24 hours, at $56.3B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) is riding on bear activity, as the Bitcoin price stood at $42.2K as of press time after recording a daily decrease of 1.7% and a weekly drop of 3.8%. As a result of the Bitcoin price, the token’s trade volume dropped by 27% during the same period and is presently at $18.4B.
The Bollinger bands are far apart, showing high volatility levels on the Bitcoin price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Bitcoin price.
Ethereum Price Analysis
Ethereum (ETH) is also riding on bear activity, as the Ethereum price stood at $2,246 as of press time after recording a daily decrease of 1.6% and a weekly drop of 5.31%. As a result of the Ethereum price, the token’s trade volume dropped by 28% during the same period and is presently at $9.1B.
The Bollinger bands are far, showing high volatility levels on the Ethereum price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price.
Bonk Price Analysis
Bonk (BONK) is also riding on massive bear activity, as the Bonk price stood at $0.00002376 as of press time after recording a daily decrease of 18% as it faces corrections to leave the weekly rise at 68%. As a result of the Bonk price, the token’s trade volume jumped by 3% during the same period and is presently at $1.4B.
The Bollinger bands are diverging, showing high volatility levels on the Bonk price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull activity on the Bonk price despite today’s price drop.
Aave Price Analysis
Aave (AAVE) is also riding on bear activity, as the Aave price stood at $106 as of press time after recording a daily decrease of 5% it also faces corrections to leave the weekly rise at 3%. As a result of the Aave price, the token’s trade volume jumped by 14% during the same period and is presently at $338M.
The Bollinger bands are diverging, showing high volatility levels on the Aave price. The Relative Strength Index (RSI) is above the average line, showing bull activity on the Aave price despite today’s price drop.
Storj Price Analysis
Storj (STORJ) is also riding on bear activity, as the Storj price stood at $0.912 as of press time after recording a daily decrease of 4% as the weekly rise stands at 25%. As a result of the Storj price, the token’s trade volume dropped by 25% during the same period and is presently at $179M.
The Bollinger bands are diverging, showing high volatility levels on the Storj price. The Relative Strength Index (RSI) is above the average line close to the overbought region, showing bull activity on the Storj price despite today’s price drop.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-bonk-aave-storj/