Bitcoin price analysis
Bears have dominated this week as most assets faced corrections amid last weeks bull run. Bitcoin (BTC) has seen bear activity this week, recording a weekly decrease of 1.7% as Bitcoin price is $36.4K. Bitcoin has a market cap of $711B as the trading volume stood at $19B as of press time.
Volatility on Bitcoin price for the week has been rising as the Bollinger bands diverge. Despite the price drop, BTC’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Bitcoin price over the week.
Ethereum price analysis
Ethereum (ETH) has also seen bear activity over the week as the asset’s weekly rise now stands at 5.8%, as Ethereum price stood at $1,942. Ethereum has a current market cap of $233B, as the trading volume now stands at $11.5B.
Volatility levels on Ethereum price have been low over the week as the Bollinger bands move close to each other. The RSI indicator is above the average line, showing bull activity on Ethereum price despite the price drop.
Avalanche price analysis
Avalanche (AVAX) has seen massive bull activity over the week as the asset’s weekly rise now stands at 47%, as Avalanche price stood at $21. Avalanche has a current market cap of $7.4B, as the trading volume now stands at $1.1B.
Volatility levels on Avalanche price have been rising over the week as the Bollinger bands diverge. The RSI indicator is above the average line in the overbought region, showing bull dominance on Avalanche price over the week.
NEAR Protocol price analysis
NEAR Protocol (NEAR) has also seen bear activity over the week as the asset’s weekly rise now stands at 12%, as NEAR price stood at $1.73. Ethereum has a current market cap of $1.7B, as the trading volume now stands at $1263M.
Volatility levels on NEAR price have been low over the week as the Bollinger bands move close to each other. The RSI indicator is above the average line, showing bull activity on NEAR price despite.
Mantle price analysis
Mantle (MNT) has also seen bull activity over the week as the asset’s weekly rise now stands at 13% as Mantle price stood at $0.519. Mantle has a current market cap of $1.6B, as the trading volume now stands at $129M.
Source: https://blockchainreporter.net/weekly-analysis-btc-eth-avax-near-mnt/