Weekly Analysis: BTC, ETH, TON, BCH, MKR
Bears and bulls have struggled for dominance this week, with several cryptos posting gains while others tumbled. Bitcoin (BTC) has seen some bear activity this week, recording a weekly decrease of 0.78% as the asset trades at $25.8K. Bitcoin has a current market cap of $503,170,970,890, as the trading volume stood at $16.4B as of press time.
Bitcoin’s volatility for the week has been relatively stable as the Bollinger bands move closer to each other. However, BTC’s relative strength indicator is moving below its average line, indicating a bear dominance still on BTC as the MACD indicator hovers in the red zone, showing the effects of bears over the week.
Ethereum (ETH) analysis
Ethereum (ETH) has seen bear activity as the asset’s weekly drop now stand’s at 0.73% as it trades at $1,638. Ethereum has a current market cap of $197B, as the trading volume now stands at $5.2B.
ETH’s volatility levels are also low as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line, showing bear activity on Ethereum as bulls and bears struggle for dominance as the MACD moves in the red zone.
Toncoin (TON) analysis
TON is among this week’s top gainers, trading 28% above its previous 7-day price as it holds a spot price of $1.87. TON has a current market cap of $6.4B, as the trading volume now stands at $53M.
TON’s volatility levels are high as the Bollinger bands now move at a far distance. The RSI indicator also moves above its average line, showing bull activity on Toncoin as the MACD moves in the green zone.
Bitcoin Cash (BCH) analysis
BCH is also among this week’s top gainers, trading 5% above its previous 7-day price as it holds a spot price of $199.8. BCH has a current market cap of $3.98B, as the trading volume now stands at $177M.
BCH’s volatility levels are also high as the Bollinger bands move at a far distance. The RSI indicator, however, moves below its average line, showing some bear effect on Toncoin as the MACD moves in the red zone.
Maker (MKR) analysis
MKR is also among this week’s top gainers, trading 10% above its previous 7-day price, holding a spot price of $1150.8. MKR has a current market cap of $1.1B, as the trading volume now stands at $97M.
MKR’s volatility levels are also high as the Bollinger bands now diverge. The RSI indicator moves above its average line, showing a bull effect over the week as the MACD moves in the green zone.