While BONE rose this week, many other cryptocurrencies went through a turbulent time, with many facing new resistance at new levels. Bitcoin (BTC) had a quiet week, dropping 0.7 percent from its previous weekly price, with the cryptocurrency facing resistance at $31,000. As of press time, BTC is at the level of 30.2 thousand dollars.
As the Bollinger bands moved closer together, the weekly volatility in Bitcoin price decreased. The current position of the RSI shows the bears struggling to control BTC as it approaches a shift below its average line.
Ethereum analysis
Ethereum (ETH) has also had a slow week, with prices currently sitting at $1867, down 2.6 percent from the previous week. This puts it in the red against the dollar and below $1.9K.
ETH's weekly volatility decreases as the Bollinger bands get closer together. The RSI moving below its average line indicates that sellers are gaining ground in the ETH market. So far, the bulls have been signaled to be responsible by the MACD indicator.
Filecoin (FIL) analysis
FIL also had a tremendous session today, as the asset is currently trading at $4.36 ahead of a bumper week, gaining 8 percent in one-week trading. However, Filecoin's volatility levels are at their lowest as the Bollinger bands are now moving very closely together. While the MACD is approaching its mean line, the RSI has just crossed its mean line, indicating an increasing struggle between bulls and bears for market dominance.
Solana (SOL) analysis
This week has been a very profitable election for Solana investors, as at the time of publication the asset's weekly gain was around 12 percent. This week has been quite busy in terms of market activity for Solana, as the stock has occasionally shown signs of a sudden rise.
On the other hand, the volatility levels shown by Solana decrease as the Bollinger bands get closer. This indicates a decrease in volatility levels. It is clear that the bulls are in control of the SOL as the MACD indicator is also rising in the positive zone.
Bone ShibaSwap (BONE) analysis
BONE has experienced phenomenal gains this week, rising its price to $1.42 as it is currently ranked 96th on CoinMarketCap, gaining 49 percent in the 7-day trading period. BONE's transaction volume was 21.37 million as of press time.
However, BONE's weekly volatility levels increase as the asset's Bollinger bands move further apart, indicating high volatility. The RSI indicator is also above its average as the asset's bulls are now dominant, with the MACD indicator shifting to the positive side.
Other major winners of the week were Avalanche (AVAX), which gained 8 percent in value in a week, increasing its price to $14 as of press time. Toncoin (TON) also made massive gains in today's session, gaining 2 percent in one-day trading, taking its price to $1.37.
