Daily Analysis: BTC, ETH, AGLD, ARK, GALA
Markets have started on slight bull activity today, with the global market cap recording a 0.4% increase daily to take the total cap to $1.04T as of press time. The fear and greed index is also now at 35, as fear now dominates.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bull activity, trading at $25.9K after recording a daily increase of 0.19%, as the weekly drop now stands at 0.13%. Bitcoin’s trade volume jumped by 14% during the same period, presently at $8.5B.
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 in the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has started today on mild bull activity, as the asset now sits on gains of 0.04% within a day of trading to take it to $1636 as the trading volume jumped by 21% to take it to $3.3B 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 now moves in the green zone showing bull dominance.
Adventure Gold (AGLD) analysis
AGLD has started today on bull activity, as the asset now sits on gains of 7.6% within a day of trading to take it to $0.6184 as the trading volume jumped by 186% to take it to $108M as of press time. AGLD’s volatility levels are increasing as the Bollinger bands diverge.
The RSI indicator is above the average as bulls display dominance. The MACD indicator also now moves in the green zone showing bull dominance.
Ark (ARK) analysis
ARK has started today on tremendous bull activity, as the asset now sits on gains of 20% within a day of trading to take it to $0.315 as the trading volume jumped by 5.8% to take it to $94M as of press time. ARK’s volatility levels are also increasing as the Bollinger bands start to diverge.
The RSI indicator is now above the average line in the overbought region as bulls dominate. The MACD indicator also now moves in the green zone as bulls struggle for dominance.
Gala (GALA) analysis
Gala has however started today on bear activity, as the asset now sits on losses of 8.2% within a day of trading to take it to $0.01676 as the trading volume jumped by 271% to take it to $120M as of press time. GALA’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now below the average line in the oversold as bears struggle to dominate. The MACD indicator also now moves in the red zone.