Markets are again riding on bear activity today, with the global market cap sitting 1.27% below 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 38, as fear dominates the market.
Bitcoin price analysis
Bitcoin (BTC) has started on slight bull activity, as Bitcoin price stood at $26.27K as of press time after recording a daily increase of 0.52% and a weekly drop of 2.1%. As a result of the Bitcoin price, the token’s trade volume dropped by 1.1% during the same period and is presently at $10.4B.
The Bollinger bands are still moving at a close distance, showing stable volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves below the average line as bears take effect. The MACD moves in the green zone towards the red zone, showing some bear effects on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also encountered bull activity, as Ethereum price stood at $1588 after recording a daily increase of 0.6%, as the weekly drop now stands at 3%. ETH’s trade volume dropped by 7.4% during the same period and is presently at $3.7B.
The Bollinger bands are now slightly diverging, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is below the average line, as bears now strive for a dominant session on Ethereum price while the MACD moves in the green zone showing some bull efforts on Ethereum price.
Bitcoin Cash price analysis
Bitcoin Cash (BCH) is also riding on bull activity, as Bitcoin Cash price stood at $212.98 after recording a daily increase of 3.4%, and the weekly drop now stands at 1.8%. BCH’s trade volume jumped by 30.6% during the same period and is presently at $148M.
The Bollinger bands are moving close to each other, showing low volatility levels on Bitcoin Cash Price. The Relative Strength Index (RSI) is above the average line, as bulls now dominate Bitcoin Cash price while the MACD moves in the green zone.
Avalanche price analysis
Avalanche (AVAX) is also riding on bull activity, as Avalanche price stood at $8.98 after recording a daily increase of 1.59%, as the weekly drop now stands at 2%. AVAX’s trade volume jumped by 3.49% during the same period and is presently at $98.2M.
The Bollinger bands are moving close to each other, showing low volatility levels on Avalanche Price. The Relative Strength Index (RSI) is above the average line, as bulls now dominate Avalanche prices while the MACD moves in the green zone.
Uniswap price analysis
Uniswap (UNI) is also riding on bull activity, as Uniswap price stood at $4.29 after recording a daily increase of 0.99%, and the weekly drop now stands at 2.4%. UNI’s trade volume jumped by 2.5% during the same period and is presently at $44.13M.
The Bollinger bands are moving close to each other, showing low volatility levels on Uniswap Price. The Relative Strength Index (RSI) is above the average line, as bulls now dominate Uniswap price while the MACD also moves in the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-bch-avax-uni/