Markets are riding on the slight bull activity, with the global market cap sitting 0.28% above its previous 24-hour mark as the total cap stands at $1.04T as of press time. The fear and greed index is still at 35.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bear activity, trading at $25.75K after recording a daily decrease of 0.02%, as the weekly drop now stands at 5.5%. Bitcoin’s trade volume jumped by 13% during the same period and is presently at $12.1B.
The Bollinger bands maintain a close distance, showing low volatility levels. The Relative Strength Index (RSI) is still above its average line as bulls and bears fight for dominance. The MACD also moves in the green zone close to the neutral line.
Ethereum (ETH) analysis
Ethereum (ETH) has also encountered minor bull activity, trading at $1636 after recording a daily increase of 0.43%, as the weekly drop now stands at 3.9%. ETH’s trade volume jumped by 31% during the same period and is presently at $5.3B.
The Bollinger bands maintain a close distance, showing low volatility levels. The Relative Strength Index (RSI) is still above its average line as bulls fight for dominance. The MACD also moves in the green zone close to the neutral line.
Binance Coin (BNB) analysis
BNB has also started on bull activity, trading at $215.5 after recording a daily increase of 0.56%, as the weekly drop now stands at 3.6%. BNB’s trade volume jumped by 25% during the same period and is presently at $367M.
The Bollinger bands maintain a close distance, showing low volatility levels. The Relative Strength Index (RSI) is above its average line as bulls fight for dominance while the MACD also moves in the green zone.
Ripple (XRP) analysis
XRP has, however, started on bear activity, trading at $0.4993 after recording a daily decrease of 0.56%, as the weekly drop now stands at 4.8%. XRP’s trade volume jumped by 6% during the same period and is presently at $764M.
The Bollinger bands maintain a close distance, showing low volatility levels. The Relative Strength Index (RSI) is below its average line as bears fight for dominance while the MACD also moves in the green zone close to the average line.
Cardano (ADA) analysis
ADA has started on bull activity, trading at $0.2568 after recording a daily decrease of 0.34%, as the weekly drop now stands at 3.2%. ADA’s trade volume jumped by 10.6% during the same period and is presently at $111M.
The Bollinger bands maintain a close distance, showing low volatility levels. The Relative Strength Index (RSI) is below its average line as bears fight to cross back above, while the MACD also moves in the green zone close to the average line.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-bnb-xrp-ada/