Daily Analysis: BTC, ETH, AXS, DOGE, MKR
Markets are on bear activity today, with the global market cap sitting 1.5% 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 69, as greed now fades away. The global trading volume is 16% up in 24 hours, at $50.5B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as the Bitcoin price stood at $37K as of press time after recording a daily decrease of 0.67% and a weekly drop of 0.61%. As a result of the Bitcoin price, the token’s trade volume jumped by 16% during the same period and is presently at $18.6B.
The Bollinger bands are close, showing low volatility levels on the Bitcoin price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bear activity, as the Ethereum price stood at $2009 after recording a daily decrease of 1.8%, and a weekly rise now stands at 0.07%. ETH’s trade volume jumped by 10% during the same period, presently at $10.3B.
The Bollinger bands are far apart, showing high volatility levels on the Ethereum price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price.
Axie Infinity price analysis
Axie Infinity (AXS) has also started on bear activity, as the AXS price stood at $6.65 after recording a daily decrease of 1.8%, and a weekly rise now stands at 8%. AXS’s trade volume dropped by 46% during the same period, presently at $263M.
The Bollinger bands are diverging, showing high volatility levels on the AXS price as the Relative Strength Index (RSI) is above the average line, showing bull activity on the AXS price despite today’s fall.
Dogecoin price analysis
Dogecoin (DOGE) has also started on bear activity, as the Dogecoin price stood at $0.077 after recording a daily decrease of 4.6%, and the weekly rise now stands at 0.79%. DOGE’s trade volume dropped by 12% during the same period, presently at $542M.
The Bollinger bands are far apart, showing high volatility levels on the Dogecoin price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Dogecoin price.
Maker price analysis
Maker (MKR) has also started on bear activity, as the Maker price stood at $1460 after recording a daily decrease of 2.9%, and the weekly rise now stands at 2.9%. MKR’s trade volume dropped by 7.5% during the same period, presently at $89.8B.
The Bollinger bands are diverging, showing high volatility levels on the Maker price as the Relative Strength Index (RSI) is above the average line, showing bull activity on the Maker price despite today’s dip.