Daily Analysis: BTC, ETH, BNB, SOL, ADA
Markets are on bear activity today, with the global market cap sitting 0.1% below its previous 24-hour mark, as the total cap still stands at $1.12T as of press time. The fear and greed index is at 53 as markets maintain neutrality. The global trading volume is 12.9% down in 24 hours, at $41.7B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on slight bear activity, as Bitcoin price stood at $29.7K as of press time after recording a daily decrease of 0.14% and a weekly rise of 10.6%. As a result of the Bitcoin price, the token’s trade volume dropped by 24% during the same period and is presently at $15.2B.
The Bollinger bands are now diverging, showing increasing volatility levels on Bitcoin Price. Despite the dip, the Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1607 after recording a daily decrease of 0.4%, as the weekly rise now stands at 3.8%. ETH’s trade volume dropped by 18% during the same period and is presently at $4.9B.
The Bollinger bands are converging, showing low volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Ethereum price despite today’s fall.
BNB price analysis
BNB (BNB) is also riding on bear activity, as BNB price stood at $213 after recording a daily decrease of 0.8%, and the weekly rise now stands at 3.52%. BNB’s trade volume dropped by 19% during the same period and is presently at $268M.
The Bollinger bands are close to each other, showing low volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on BNB price despite today’s fall.
Solana price analysis
Solana (SOL) is, however, riding on bull activity, as Solana price stood at $28 after recording a daily increase of 4.9%, as the weekly rise now stands at 28%. SOL’s trade volume dropped by 19% during the same period and is presently at $795M.
The Bollinger bands are diverging, showing high volatility levels on Solana Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Solana price.
Cardano price analysis
Cardano (ADA) is also riding on bull activity, as Cardano price stood at $0.25 after recording a daily increase of 0.6%, as the weekly rise now stands at 3%. ADA’s trade volume dropped by 10% during the same period and is presently at $118M.
The Bollinger bands are converging, showing low volatility levels on Cardano Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Cardano price.