Markets have also started on a recovery run today, with the global market cap recording a 2.2% increase in a day to take the total cap to $1.05T as of press time. The fear and greed index is also now at 37, as fear creeps out of the market.
Bitcoin (BTC) analysis
However, Bitcoin (BTC) has encountered bear activity, trading at $26K after recording a daily decrease of 1.6%, as the weekly decline now stands at 1.6%. Bitcoin’s trade volume dropped by 21% during the same period and is presently at $12.6B.
The Bollinger bands are still diverging, indicating that the volatility of Bitcoin is still high. The Relative Strength Index (RSI) is still below its average line in the oversold region, as bulls and bears struggle for dominance while the MACD also moves towards a shift to the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has also started today on bear activity, as the asset now sits on losses of 1.3% within a day of trading to take it to $1652 as the trading volume dropped by 17% to take it to $5.3B as of press time. ETH’s volatility levels are also increasing as the Bollinger bands diverge.
The RSI indicator is still below the average as bulls and bears struggle for dominance. The MACD indicator also moves in the red zone as it approaches a shift to the green zone.
Bone ShibaSwap (BONE) analysis
Bone is making massive gains today as the asset trades 11% above its previous 24-hour price and now holds a spot price of $1.4035. BONE’s trading volume has also spaced 88% within the same period to trade at $23.9M currently.
Bone’s volatility levels are currently high as the asset’s Bollinger bands move far from each other. In contrast, the RSI moves above its average line, showing bull domination on the asset, while the MACD approaches a shift to the green zone.
BakeryToken (BAKE) analysis
Bake is also having a tremendous session today as the asset trades 6.7% above its previous 24-hour price to hold a spot price of $0.1051 as the trading volume increased by 210% within the same period as it currently stands at $66.9M.
However, Bake’s volatility levels are low as the Bollinger bands move close to each other while the RSI moves above its average line, showing bull dominance as the MACD also approaches a shift to the green zone.
Livepeer (LPT) analysis
LPT is also having a tremendous session as the asset trades 4% above its previous 24-hour price, now holding a spot price of $6.74. The asset’s trading volume is 14% above its previous 24-hour one to $97.1M.
LPT’s volatility levels are also high as the Bollinger bands move far from each other. At the same time, the RSI comes close to a shift above the average line, showing bull effort. At the same time, the MACD indicator also approaches a shift to the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-bone-bake-lpt/