Markets are riding on bull activity today, with the global market cap sitting 0.33% above its previous 24-hour mark, as the total cap still stands at $1.05T as of press time. The fear and greed index is still at 40 as markets maintain neutrality. The global trading volume is still 46% down in 24 hours, at $13.64B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bull activity today, as Bitcoin price stood at $27.8K as of press time after recording a daily increase of 3.5% and a weekly drop of 0.3%. As a result of the Bitcoin price, the token’s trade volume dropped by 136% during the same period and is presently at $11.6B.
The Bollinger bands are now moving closely, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is moving above the average line, showing bull activity on Bitcoin price.
BTC 1-day chart | Source: TradingView
Ethereum price analysis
Ethereum (ETH) is also riding on slight bull activity, as Ethereum price stood at $1579 after recording a daily increase of 1.66%, as the weekly drop now stands at 2.9%. ETH’s trade volume jumped by 85% during the same period and is presently at $4.1B.
The Bollinger bands are now diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Ethereum price.
ETH 1-day chart | Source: TradingView
BNB price analysis
BNB (BNB) is also riding on bull activity, as BNB price stood at $212.8 after recording a daily increase of 2.6%, and the weekly rise now stands at 0.5%. BNB’s trade volume jumped by 82% during the same period and is presently at $404.9B.
The Bollinger bands are close to each other, showing low volatility levels on BNB Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on BNB price.
BNB 1-day chart | Source: TradingView
Ripple price analysis
Ripple (XRP) is also riding on some bull activity, as Ripple price stood at $0.4926 after recording a daily increase of 1.27%, as the weekly drop now stands at 4.3%. XRP’s trade volume jumped by 37% during the same period and is presently at $596.6M.
The Bollinger bands are now slightly diverging, showing rising volatility levels on BNB Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bull action on Ripple price.
XRP 1-day chart | Source: TradingView
Solana price analysis
Solana (SOL) is also riding on bull activity, as Solana price stood at $22.5 after recording a daily increase of 2.8%, as the weekly drop now stands at 2.67%. SOL’s trade volume jumped by 2% during the same period and is presently at $236.7M.
The Bollinger bands are now converging, showing dropping volatility levels on Solana Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bull action on Solana price.
SOL 1-day chart | Source: TradingView
