Markets have also started on slight bull activity today, with the global market cap recording a 0.6% increase daily to take the total cap to $1.06T as of press time. The fear and greed index is also now at 34, as the fear and greed index remains stagnant.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bear activity, trading at $25.8K after recording a daily decrease of 0.76%, as the weekly drop now stands at 0.7%. Bitcoin’s trade volume dropped by 11% during the same period, presently at $17.9B.
The Bollinger bands are now converging, indicating that the volatility of Bitcoin is dropping. The Relative Strength Index (RSI) is now above its average line as bulls try to push for dominance. The MACD also moves towards a shift to the red zone.
Ethereum (ETH) analysis
Ethereum (ETH) has started today on mild bear activity, as the asset now sits on losses of 0.68% within a day of trading to take it to $1633 as the trading volume dropped by 12% to take it to $5.9B as of press time. ETH’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now above the average as bulls struggle to dominate. The MACD indicator also approaches a shift to the red zone.
Toncoin (TON) analysis
Toncoin has started today on bull activity, as the asset now sits on gains of 10.4% within a day of trading to take it to $1.9137 as the trading volume dropped by 94% to take it to $54M as of press time. ETH’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now above the average line in the overbought region as bulls dominate. The MACD indicator also moves in the green zone.
Chainlink (LINK) analysis
LINK has started today on bear activity, as the asset now sits on losses of 1.19% within a day of trading to take it to $5.95 as the trading volume dropped by 28% to take it to $147M as of press time. LINK’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now above the average line in the overbought region as bulls dominate. The MACD indicator also moves in the red zone.
Bella Protocol (BEL) analysis
BEL has started today on bull activity, as the asset now sits on gains of 4.17% within a day of trading to take it to $53.1 as the trading volume jumped by 675% to take it to $53.1M as of press time. BEL’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now above the average line as bulls dominate. The MACD indicator also moves in the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-ton-link-bel/