Markets are riding on bear activity, with the global market cap sitting 0.38% below its previous 24-hour mark as the total cap stands at $1.04T as of press time. The fear and greed index is still at 35.
Bitcoin price analysis
Bitcoin (BTC) has encountered minor bear activity, as Bitcoin price stands at $25.83K after recording a daily decrease of 0.08%, and the weekly decline now stands at 0.5%.As a result of the Bitcoin price, the token’s trade volume jumped by 45% during the same period and is presently at $8.4B.
The Bollinger bands are now moving at a close distance, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line as bears struggle for dominance. However, the MACD moves in the green zone showing a some bull effect on Bitcoin price.
BTC 1-day chart | Source: TradingView
Ethereum price analysis
Ethereum (ETH) has also encountered minor bear activity, as Ethereum price stood at $1614 after recording a daily decrease of 0.72%, as the weekly drop now stands at 1.38%. ETH’s trade volume jumped by 85% during the same period and is presently at $4.5B.
The Bollinger bands maintain a close distance, showing low volatility levels on Ethereum price. The Relative Strength Index (RSI) is below the average line while the MACD moves in the green zone approaching a shift below showing bear action on Ethereum price.
ETH 1-day chart | Source: TradingView
Maker price analysis
Maker (MKR) is however riding on slight bull activity in today’s market as Maker price stood at $1122 after recording a daily increase of 0.18%, as the weekly rise now stands at 3%. MKR’s trade volume jumped by 49% during the same period and is presently at $50M.
The Bollinger bands maintain a close distance, showing low volatility levels on Maker price. The Relative Strength Index (RSI) is however below the average line while the MACD also approaches a shift to the red zone showing some bear action on Maker price.
MKR 1-day chart | Source: TradingView
Optimism price analysis
Optimism (OP) is riding on bull activity in today’s market as Optimism price stood at $1.27 after recording a daily increase of 0.92%, as the weekly drop now stands at 5.2%. OPH’s trade volume jumped by 2.7% during the same period and is presently at $52.7M.
The Bollinger bands maintain a close distance, showing low volatility levels on Optimism price. The Relative Strength Index (RSI) is below the average line while the MACD also moves in the red zone showing some bear action on Optimism price.
OP 1-day chart | Source: TradingView
Astar price analysis
Astar (ASTR) is riding on bull activity in today’s market as Astar price stood at $0.06022 after recording a daily increase of 1.06%, as the weekly rise now stands at 8.9%. ASTR’s trade volume jumped by 58% during the same period and is presently at $7.6M.
The Bollinger bands maintain a distance, showing unstable volatility levels on Astar price. The Relative Strength Index (RSI) is above the average line while the MACD also approaches a shift to the green zone showing bull action on Astar price.
ASTR 1-day chart | Source: TradingView
