Markets have also started on a bear run today, with the global market cap recording a 1.6% decrease in a day to take the total cap to $1.05T as of press time. The fear and greed index is also now at 34, as fear creeps back into the market.
Bitcoin (BTC) analysis
However, Bitcoin (BTC) has encountered minor bull activity, trading at $26K after recording a daily increase of 0.03%, as the weekly rise now stands at 0.34%. Bitcoin’s trade volume dropped by 12% during the same period and is presently at $11.2B.
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 started today on bear activity, as the asset now sits on losses of 0.18% within a day of trading to take it to $1652 as the trading volume dropped by 12% to take it to $4.7B 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.
Ripple (XRP) analysis
Ripple is also having a bullish session as the asset sits on gains of 2% within 24 hours of trade to take XRP’s price to $0.5216 as of press time, while the trading volume saw a 9% rise within the same period as activity on markets increased.
XRP’s volatility levels are also relatively stable as the asset’s Bollinger bands maintain a somewhat regular distance from each other. At the same time, the RSI moves above its average line as bulls push for dominance, while the MACD moves below in the red zone as it approaches a shift to the green zone.
Tron (TRX) analysis
TRX is also making tremendous gains in today’s session as the asset sits on revenues of 0.9% within a day of trade to take its price to $0.07752. TRX’s trading volume has also seen a 6.6% drop within the same period.
However, TRX’s volatility levels are stable as the Bollinger bands move close to each other while the RSI moves above its average line, showing bull dominance on TRX as the MACD also moves in the green zone.
Polkadot (DOT) analysis
DOT is having a tremendous session as the asset trades 1.53% above its previous 24-hour price, now trading at $4.49, while the trading volume saw a 2% increase to now stand at $92.6M as of press time.
DOT’s volatility levels are, however, now increasing as the Bollinger bands diverge away from each other. At the same time, the RSI moves above its average line, showing bull dominance, while the MACD now approaches a shift to the green zone.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-xrp-trx-dot/