Daily Analysis: BTC, ETH, DOGE, SHIB, CRO
Markets are on bear activity today, with the global market cap sitting 3% below its previous 24-hour mark, as the total cap stands at $1.39T as of press time. The fear and greed index is at 71, as greed still dominates. The global trading volume is 2% up in 24 hours, at $71.5B as of press time.
Bitcoin price analysis
However, Bitcoin (BTC) has started on slight bull activity, as Bitcoin price stood at $36.4K as of press time after recording a daily increase of 0.06% and a weekly drop of 1.5%. As a result of the Bitcoin price, the token’s trade volume dropped by 18% during the same period and is presently at $20.7B.
The Bollinger bands are close, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bear activity, as Ethereum price stood at $1944 after recording a daily decrease of 1.97%, as the weekly rise now stands at 4.6%. ETH’s trade volume jumped by 13% during the same period, presently at $11.3B.
The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on Ethereum price.
Dogecoin price analysis
Dogecoin (DOGE) has also started on bull activity, as Dogecoin price stood at $0.085 after recording a daily increase of 4.6%, as the weekly rise now stands at 13%. DOGE’s trade volume jumped by 16% during the same period, presently at $2B.
The Bollinger bands are diverging, showing high volatility levels on Dogecoin Price as the Relative Strength Index (RSI) is above the average line close to the overbought region, showing bull dominance on the Dogecoin price.
Shiba Inu price analysis
Shiba Inu (SHIB) has also started on bull activity, as Shiba Inu price stood at $0.000008735 after recording a daily decrease of 1.39%, as the weekly drop now stands at 1.4%. ETH’s trade volume dropped by 0.1% during the same period, presently at $277M.
The Bollinger bands are slightly diverging, showing high volatility levels on Shiba Inu Price as the Relative Strength Index (RSI) is below the average, showing bear dominance on Shiba Inu price despite the rise today.
Cronos price analysis
Cronos (CRO) has also started on bull activity, as Cronos price stood at $0.09715 after recording a daily increase of 2.9%, as the weekly drop now stands at 4.8%. CRO’s trade volume dropped by 29% during the same period, presently at $19.5B.
The Bollinger bands are diverging, showing high volatility levels on Cronos Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the Cronos price despite today’s price jump.