Bitcoin price analysis
Bears have dominated this week as most assets failed to post gains over the seven days. Bitcoin (BTC) has seen bear activity this week, recording a weekly decrease of 4.6% as the price is $41.8K. Bitcoin has a market cap of $818B, and the trading volume stood at $14.2B as of press time.
Volatility on Bitcoin price for the week has been rising as the Bollinger Bands diverge. BTC’s relative strength indicator is above its average line in the overbought region, indicating bull activity on Bitcoin price over the week despite the price drop.
Avalanche price analysis
Avalanche (AVAX) has seen a bullish week, recording a weekly increase of 25% as the price is $41.19. Avalanche has a market cap of $15B, and the trading volume stood at $1.6B as of press time.
Volatility on Avalanche price for the week has been rising as the Bollinger Bands diverge. AVAX’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Avalanche price over the week.
Injective price analysis
Injective (INJ) has seen massive bull activity this week, recording a weekly increase of 55% as the price is $29.8. Injective has a market cap of $2.9B, and the trading volume stood at $243M as of press time.
Volatility on Injective price for the week has been rising as the Bollinger Bands diverge. INJ’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Injective price over the week.
Immutable price analysis
Immutable (IMX) has seen a bullish week, recording a weekly increase of 10% as the price is $41.19. Avalanche has a market cap of $1.9B, and the trading volume stood at $139M as of press time.
Volatility on Immutable price for the week has been rising as the Bollinger Bands diverge. IMX’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Immutable price over the week.
Hedera price analysis
Hedera (HBAR) has seen a bullish week, recording a weekly increase of 10% as the price is $1.99. Hedera has a market cap of $2.6B, and the trading volume stood at $140M as of press time.
Volatility on Hedera price for the week has been rising as the Bollinger Bands diverge. HBAR’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Hedera price over the week.
Filecoin price analysis
Filecoin (FIL) has seen a bullish week, recording a weekly increase of 9.3% as the price is $5.5. Filecoin has a market cap of $2.6B, and the trading volume stood at $780M as of press time.
Volatility on Filecoin price for the week has been low as the Bollinger Bands move close to each other. FIL’s relative strength indicator is above its average line, indicating bull dominance on Filecoin price over the week.
Source: https://blockchainreporter.net/weekly-analysis-btc-avax-inj-imx-hbar-fil/