Markets are riding on bull activity, with the global market cap sitting 1.4% above its previous 24-hour mark, as the total cap still stands at $1.04T as of press time. The fear and greed index is now at 36 as fear continues to reduce.
Bitcoin price analysis
Bitcoin (BTC) has encountered bull activity, as Bitcoin price stands at $26.5K after recording a daily increase of 1.2%, and the weekly rise now stands at 1.38%. As a result of the Bitcoin price, the token’s trade volume dropped by 10% during the same period and is presently at $12B.
The Bollinger bands are now slightly diverging, showing rising volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line as bulls now dominate while the MACD moves in the green zone, showing a bull effect on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also encountered slight bull activity, as Ethereum price stood at $1630 after recording a daily increase of 0.77%, as the weekly drop now stands at 0.8%. ETH’s trade volume dropped by 15% during the same period and is presently at $4.8B.
The Bollinger bands are now diverging, showing increasing volatility levels on Ethereum price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Ethereum price.
StormXprice analysis
StormX (STMX) has, however, encountered bear activity, as StormX price stood at $0.005903 after recording a daily decrease of 0.89%, as the weekly rise now stands at 21.4%. ETH’s trade volume dropped by 81% during the same period and is presently at $210M.
The Bollinger bands are now moving close to each other, showing stable volatility levels on StormX price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on StormX price.
VeThor Token price analysis
VeThor Token (VTHO) has also encountered bear activity, as VTHO price stood at $0.001265 after recording a daily decrease of 6.5%, as the weekly rise now stands at 35.6%. VTHO’s trade volume dropped by 59% during the same period and is presently at $21.8M.
The Bollinger bands are now moving close to each other, showing stable volatility levels on VeThor Roken price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on VeThor Token price.
Hedera price analysis
Hedera (HBAR) has also encountered bear activity, as HBAR price stood at $0.05016 after recording a daily decrease of 2.4%, the weekly rise now stands at 0.15%. HBAR’s trade volume dropped by 37% during the same period and is presently at $60.7M.
The Bollinger bands are now moving towards each other, showing reducing volatility levels on Hedera price. The Relative Strength Index (RSI) is above the average line, while the MACD moves in the green zone, showing bull action on Hedera price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-stmx-vtho-hbar/