Markets are still riding on bear activity today, with the global market cap sitting 0.13% below its previous 24-hour mark, as the total cap still stands at $1.09T as of press time. The fear and greed index has dropped back to 45, as greed fazes out of the market.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity today, as Bitcoin price stood at $27.5K as of press time after recording a daily decrease of 0.21% and a weekly rise of 1.83%. As a result of the Bitcoin price, the token’s trade volume rose by 10% during the same period and is presently at $11.5B.
The Bollinger bands are now maintaining a slightly diverging, showing rising volatility levels on Bitcoin Price as the Relative Strength Index (RSI) is still moves above the average line showing bull effect on Bitcoin price despite the dip.
BTC 1-day chart | Source: TradingView Ethereum price analysis
Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1628 after recording a daily decrease of 0.4%, as the weekly drop now stands at 2%. ETH’s trade volume rose by 13% during the same period and is presently at $5.17B.
The Bollinger bands are diverging, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is below the average line, showing some cear effects on Ethereum price.
ETH 1-day chart | Source: TradingView Avalanche price analysis
Avalanche (AVAX) is riding on bull activity, as Avalanche price stood at $10.47 after recording a daily increase of 4.6%, as the weekly rise now stands at 12.5%. AVAX’s trade volume dropped by 5% during the same period and is presently at $5.17B.
The Bollinger bands are diverging, showing increasing volatility levels on Avalanche Price. The Relative Strength Index (RSI) is above the average line, showing bull effects on Avalanche price.
AVAX 1-day chart | Source: TradingView Trust Wallet Token TWT
Trust Wallet Token (TWT) is also riding on bull activity, as Trust Wallet Token price stood at $0.9402 after recording a daily increase of 0.94%, as the weekly rise now stands at 20.5%. TWT’s trade volume dropped by 40% during the same period and is presently at $111.6M.
The Bollinger bands are diverging, showing increasing volatility levels on Trust Wallet Token Price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing some bull effects on Trust Wallet Token price.
TWT 1-day chart | Source: TradingView Ripple Price Analysis
Ripple (XRP) is, however, riding on bear activity, as Ripple price stood at $0.5205 after recording a daily increase of 0.94%, as the weekly rise now stands at 20.5%. TWT’s trade volume dropped by 40% during the same period and is presently at $111.6M.
The Bollinger bands are moving close to each other, showing low volatility levels on Ripple Price. The Relative Strength Index (RSI) is above the average line, showing some bull effects on Ripple price.
XRP 1-day chart | Source: TradingView