Markets are on bull activity today, with the global market cap sitting 0.37% above its previous 24-hour mark, as the total cap stands at $1.42T as of press time. The fear and greed index is at 77, as greed still dominates. The global trading volume is 23% down in 24 hours, at $51.9B as of press time
Bitcoin price analysis
Bitcoin (BTC) has started on minor bear activity, as Bitcoin price stood at $35.6K as of press time after recording a daily decrease of 2.8% and a weekly rise of 1.2%. As a result of the Bitcoin price, the token’s trade volume jumped by 30% during the same period and is presently at $24B.
The Bollinger bands are converging, showing dropping volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear dominance on Bitcoin price.
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BTC 1-day chart | Source: TradingView## Ethereum price analysis
Ethereum (ETH) has also started on bear activity, as Ethereum price stood at $1984 after recording a daily decrease of 3.6%, as the weekly rise now stands at 5.7%. ETH’s trade volume jumped by 3% during the same period, presently at $13.4B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is below the average, showing bear dominance on Ethereum price.
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ETH 1-day chart | Source: TradingView## Solana price analysis
Solana (SOL) has started on bull activity, as Solana price stood at $59.2 after recording a daily increase of 7%, as the weekly rise now stands at 35%. ETH’s trade volume jumped by 7% during the same period, presently at $3.1B.
The Bollinger bands are diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves in the overbought region, showing bull dominance on Solana price.
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SOL 1-day chart | Source: TradingView## Avalanche price analysis
Avalanche (AVAX) has also started on bull activity, as Avalanche price stood at $18.7 after recording a daily increase of 7.6%, as the weekly rise now stands at 46%. AVAX’s trade volume jumped by 28% during the same period, presently at $1B.
The Bollinger bands are diverging, showing high volatility levels on Avalanche Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves in the overbought region, showing bull dominance on Avalanche price.
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AVAX 1-day chart | Source: TradingView## OMG Network price analysis
OMG Network (OMG) has also started on bull activity, as OMG price stood at $0.68 after recording a daily increase of 7.67%, as the weekly rise now stands at 7.7%. OMG’s trade volume jumped by 260% during the same period, presently at $105M.
The Bollinger bands are diverging, showing high volatility levels on Avalanche Price as the Relative Strength Index (RSI) approaches a shift above the average as it moves close to the overbought region, showing bull dominance on OMG price.
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OMG 1-day chart | Source: TradingView
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