Markets are on bear activity today, with the global market cap sitting 0.54% below its previous 24-hour mark, as the total cap stands at $1.4T as of press time. The fear and greed index is at 75, as greed still dominates. The global trading volume is 27% up in 24 hours, at $61.8B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on minor bear activity, as Bitcoin price stood at $36.6K as of press time after recording a daily decrease of 0.9% and a weekly rise of 5%. As a result of the Bitcoin price, the token’s trade volume jumped by 37% during the same period and is presently at $18.1B.
The Bollinger bands are converging, showing dropping volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has started on bull activity, as Ethereum price stood at $2059 after recording a daily decrease of 4.9%, as the weekly rise now stands at 8%. ETH’s trade volume jumped by 48% during the same period and is presently at $13.2B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Ethereum price.
Sei price analysis
Sei (SEI) has started on bull activity, as Sei price stood at $0.162 after recording a daily increase of 17%, as the weekly rise now stands at 32%. SEI’s trade volume jumped by 501% during the same period and is presently at $409M.
The Bollinger bands are diverging, showing high volatility levels on SEI Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Sei price.
Polygon price analysis
Polygon (MTIC) has started on bull activity, as Polygon price stood at $0.938 after recording a daily increase of 5%, as the weekly rise now stands at 28%. MATIC’s trade volume jumped by 1% during the same period and is presently at $1B.
The Bollinger bands are diverging, showing high volatility levels on Polygon Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Polygon price.
Maker price analysis
Maker (MKR) has started on bull activity, as Maker price stood at $1412 after recording a daily increase of 8.5%, as the weekly rise now stands at 8.8%. MKR’s trade volume jumped by 9% during the same period and is presently at $123M.
The Bollinger bands are close to each other, showing low volatility levels on Maker Price as the Relative Strength Index (RSI) is above the average line, showing bull dominance on Maker price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-sei-matic-mkr/