Markets have started slowly, with the global market cap recording a 0.09% decrease in a day to take the total cap to $1.05T as of press time. The fear and greed index is also at 34, as fear remains evident in the markets.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered bull activity, trading at $26K after recording a daily increase of 0.08% and a weekly decrease of 10%. Bitcoin’s trade volume has risen by 22% during the same period and is presently at $15.7B.
The Bollinger bands are still diverging, indicating that the volatility of Bitcoin is increasing. The Relative Strength Index (RSI) is still below its average line in the oversold region, showing the effort by bulls for market dominance bear effects being felt as the MACD also now moves in the red zone with bulls pushing for recovery.
Ethereum (ETH) analysis
Ethereum (ETH) has also started today slowly, as the asset now sits on mild losses of 1% within a day of trading to take it to $1647 as the trading volume rose by 70% to take it to $8B as of press time. ETH’s volatility levels are also increasing as the Bollinger bands diverge.
The RSI indicator is still below the average line in the oversold region as bear effects still linger. The MACD indicator also moves in the red zone as bulls push for a recovery.
Dogecoin (DOGE) analysis
Doge also is seeing bear activity in today’s session as the asset trades 0.4% below its previous 24-hour price as the weekly drop stands at 10% with a spot price of $0.06296, as the trading volume saw a 0.5% decrease within the same period.
Doge’s volatility levels are also increasing as the Bollinger bands diverge from each other. The RSI also shifts below its average line showing a great bear effect as the MACD moves in the red zone.
Kaspa (KAS) analysis
KAS is also having a bearish session as the asset trades 7.2% below its previous 24-hour price as the asset now holds a spot price of $0.039, as the trading volume saw a 10% increase within the same period to take it to $20.8M.
KAS’s volatility levels are rather stable as the Bollinger bands maintain a close distance to each other as the RSI moves below its average line showing bear dominance. At the same time, the MACD also moves in the red zone.
NEAR Protocol (NEAR) analysis
NEAR is, however, posting gains in today’s bear session as the asset trades 4% above its previous 24-hour price as it now holds a spot price of $1.176, with the trading volume recording a 79% increase within a day of trade.
NEAR’s volatility levels are slowly increasing as the Bollinger bands diverge from each other. At the same time, the RSI now moves above its average line showing bull dominance as the MACD also approaches a shift to the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-doge-kaspa-near/