Daily Analysis: BTC, ETH, DOGE, SHIB, LDO
Markets are still on bull activity today, with the global market cap sitting 0.21% above its previous 24-hour mark, as the total cap stands at $1.26T as of press time. The fear and greed index is at 71, as greed now dominates. The global trading volume is 37% down in 24 hours, at $57.9B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bull activity again, as Bitcoin price stood at $34.5K as of press time after recording a daily increase of 1.3% and a weekly rise of 22%. As a result of the Bitcoin price, the token’s trade volume dropped by 47% during the same period and is presently at $28.6B.
The Bollinger bands are now diverging, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bull activity, as Ethereum price stood at $1809 after recording a daily decrease of 1%, as the weekly rise now stands at 16.5%. ETH’s trade volume dropped by 20% during the same period and is presently at $9.4B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Ethereum price.
Dogecoin price analysis
Dogecoin (DOGE)is also among today’s gainers, as Dogecoin price stood at $0.07 after recording a daily decrease of 6.7%, as the weekly rise now stands at 21.1%. DOGE’s trade volume jumped by 45% during the same period and is presently at $718.3M.
The Bollinger bands are diverging, showing high volatility levels on Dogecoin Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Dogecoin price.
Shiba Inu price analysis
Shiba Inu (SHIB) has also started on bull activity, as Shiba Inu price stood at $0.000007982 after recording a daily decrease of 7.4%, as the weekly rise now stands at 18.4%. SHIB’s trade volume jumped by 35% during the same period and is presently at $328.6M.
The Bollinger bands are diverging, showing high volatility levels on Shiba Inu Price as the Relative Strength Index (RSI) moves above the average line close to the overbought region, showing bull effects on Shiba Inu price.
Lido DAO price analysis
Lido DAO (LDO) is also among today’s top gainers, as LDO price stood at $1.9 after recording a daily increase of 3.4%, as the weekly rise now stands at 29.2%. LDO’s trade volume dropped by 32% during the same period and is presently at $53.1M.
The Bollinger bands are diverging, showing high volatility levels on LDO Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on LDO price.