Markets are again riding on slight bull activity, with the global market cap sitting 0.54% above its previous 24-hour mark, as the total cap still stands at $1.07T as of press time. The fear and greed index is now 42 as greed creeps back in.
Bitcoin price analysis
Bitcoin (BTC) has encountered slight bear activity, as Bitcoin price stood at $27,037K as of press time after recording a daily decrease of 0.14%, and a weekly rise now stands at 2.8%. As a result of the Bitcoin price, the token’s trade volume dropped by 13% during the same period and is presently at $12.6B.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves above the average line as bull effects remain felt. In contrast, the MACD moves in the green zone, showing some bull effects on Bitcoin price.
Ethereum price analysis
However, Ethereum (ETH) has also encountered slight bear activity, as Ethereum price stood at $1620 after recording a daily decrease of 0.82%, and the weekly rise now stands at 0.04%. ETH’s trade volume jumped by 4.2% during the same period and is presently at $4.9B.
The Bollinger bands are now converging, showing dropping volatility levels on Ethereum Price. The Relative Strength Index (RSI) is above the average line as bulls and bears struggle for dominance while the MACD moves in the green zone, showing bull effects on Ethereum price.
Aave price analysis
However, Aave (AAVE) has encountered bull activity, as Aave price stood at $63.86 after recording a daily increase of 3.72%, and the weekly rise now stands at 18.9%. AAVE’s trade volume jumped by 3.4% during the same period and is presently at $102M.
The Bollinger bands are now diverging, showing increasing volatility levels on Aave Price. The Relative Strength Index (RSI) is above the average line close to the overbought region, as bulls dominate while the MACD moves in the green zone, showing bull effects on Aave price.
Algorand price analysis
Algorand (ALGO) has also encountered bull activity, as Algorand price stood at $0.09946 after recording a daily increase of 4.17%, and the weekly rise now stands at 9.2%. Algorand’s trade volume jumped by 191% during the same period and is presently at $47.5M.
The Bollinger bands are close to each other, showing stable volatility levels on Algorand Price. The Relative Strength Index (RSI) is above the average line as bulls dominate while the MACD moves in the green zone, showing bull effects on Algorand price.
Curve DAO Token price analysis
Curve DAO Token (CRV) has encountered bull activity, as Curve DAO Token price stood at $0.4503 after recording a daily decrease of 2.57%, and the weekly rise now stands at 7.9%. CRV’s trade volume dropped by 26% during the same period and is presently at $29.1M.
The Bollinger bands are now moving at a close distance, increasing volatility levels on Curve DAO Token Price. The Relative Strength Index (RSI) is above the average line, showing bull dominance, while the MACD moves in the green zone, showing bull effects on Curve DAO Token.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-aave-algo-crv/