Markets are on bear activity today, with the global market cap sitting 0.5% below its previous 24-hour mark, as the total cap stands at $1.42T as of press time. The fear and greed index is 71, as greed now fades away. The global trading volume is 21% up in 24 hours, at $55.5B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as the Bitcoin price stood at $37.7K as of press time after recording a daily decrease of 1.2% and a weekly rise of 0.74%. As a result of the Bitcoin price, the token’s trade volume dropped by 9% during the same period and is presently at $20.6B.
The Bollinger bands are close, showing low 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) has also started on bear activity, as the Ethereum price stood at $2027 after recording a daily decrease of 1.5%, and a weekly rise now stands at 1.96%. ETH’s trade volume dropped by 7.7% during the same period, presently at $9B.
The Bollinger bands are close, showing low volatility levels on the Ethereum price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price.
Terra Classic price analysis
Terra Classic (LUNC) has also started on bear activity, as the LUNC price stood at $0.0001161 after recording a daily decrease of 4.8%, and a weekly rise now stands at 56%. LUNC’s trade volume dropped by 31% during the same period, presently at $222M.
The Bollinger bands are diverging, showing high volatility levels on the Terra Classic price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull activity on the LUNC price despite the drop.
Stacks price analysis
Stacks (STX) has also started on bear activity, as the Stacks price stood at $0.69 after recording a daily decrease of 9.7%, and a weekly rise now stands at 10%. STX’s trade volume dropped by 13% during the same period, presently at $142M.
The Bollinger bands are diverging, showing high volatility levels on the Stacks price, as the Relative Strength Index (RSI) is above the average line, showing bull activity on the Stacks price despite the drop.
Avalanche price analysis
Avalanche (AVAX) has also started on bear activity, as the Avalanche price stood at $20.94 after recording a daily decrease of 1.8%, and a weekly drop now stands at 0.86%. AVAX’s trade volume jumped by 1.7% during the same period, presently at $474M.
The Bollinger bands are far apart, showing high volatility levels on the Avalanche price, as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Avalanche price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-lunc-stx-avax/