Daily Analysis: BTC, ETH, ICP, WLD, WOO
Markets are experiencing bearish activity today, with the global market cap sitting 1.4% below its previous 24-hour mark, as the total cap stands at $1.58T as of press time. The fear and greed index is 73, as greed fades again. The global trading volume is 12% down in 24 hours, at $46.3B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) is seeing bearish activity, as the Bitcoin price stood at $41.8K as of press time after recording a daily decrease of 1.3% and a weekly drop of 4.6%. As a result of the Bitcoin price, the token’s trade volume dropped by 17% during the same period and is currently at $14.4B.
The Bollinger bands are showing high volatility levels on the Bitcoin price, with the bands far apart. The Relative Strength Index (RSI) is below the average line, indicating bearish activity on the Bitcoin price.
Ethereum Price Analysis
Ethereum (ETH) is also experiencing bearish activity, as the Ethereum price stood at $2,207 as of press time after recording a daily decrease of 1.6% and a weekly drop of 5.8%. As a result of the Ethereum price, the token’s trade volume dropped by 19.5% during the same period and is currently at $6.6B.
The Bollinger bands are indicating high volatility levels on the Ethereum price, with the bands far apart. The Relative Strength Index (RSI) is below the average line, showing bearish activity on the Ethereum price.
Internet Computer Price Analysis
Despite today’s bearish sentiment, Internet Computer (ICP) is experiencing bullish activity, as the Internet Computer price stood at $10.8 as of press time after recording a daily increase of 18% and a weekly rise of 103%. As a result of the ICP price, the token’s trade volume jumped by 73% during the same period and is currently at $736M.
The Bollinger bands are diverging, indicating high volatility levels on the Internet Computer price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bullish dominance on the Internet Computer price.
Worldcoin Price Analysis
Worldcoin (WLD) is also experiencing bullish activity, as the Worldcoin price stood at $4.17 as of press time after recording a daily increase of 1.6% and a weekly drop of 31%. As a result of the Worldcoin price, the token’s trade volume jumped by 193% during the same period and is currently at $902M.
The Bollinger bands are diverging, indicating high volatility levels on the Worldcoin price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bullish dominance on the Worldcoin price.
Woo Network Price Analysis
Woo Network (WOO) is, however, experiencing bearish activity, as the Woo Network price stood at $0.37 as of press time after recording a daily decrease of 10.9% and a weekly rise of 52%. As a result of the Ethereum price, the token’s trade volume dropped by 67% during the same period and is currently at $49M.
The Bollinger bands are diverging, indicating high volatility levels on the WOO price. The Relative Strength Index (RSI) is above the average line, close to the overbought region, showing bullish activity on the Woo Network price despite today’s drop.
Overall, the market is currently dominated by bearish activity, with Bitcoin and Ethereum experiencing price declines. However, Internet Computer and Worldcoin are showing signs of bullish activity, while Woo Network is facing a drop in price but still has some bullish momentum.