Markets are on bear activity today, with the global market cap sitting 0.94% below its previous 24-hour mark, as the total cap stands at $1.4T as of press time. The fear and greed index is at 69, as greed dominates. The global trading volume is 6% up in 24 hours, at $49.83B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bull activity, as the Bitcoin price stood at $38.1K as of press time after recording a daily increase of 3% and a weekly rise of 4.6%. As a result of the Bitcoin price, the token’s trade volume jumped by 22% during the same period and is presently at $22.8B.
The Bollinger bands are now diverging, showing high volatility levels on the Bitcoin price. The Relative Strength Index (RSI) is above the average line as it heads for the overbought region, showing bull dominance on the Bitcoin price.
BTC 1-day chart | Source: TradingView Ethereum price analysis
Ethereum (ETH) has also started on bull activity, as the Ethereum price stood at $2058 after recording a daily increase of 2.2%, and a weekly rise now stands at 3%. ETH’s trade volume dropped by 4.9% during the same period, presently at $9.8B.
The Bollinger bands are far apart, showing high volatility levels on the Ethereum price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price despite the rise.
ETH 1-day chart | Source: TradingView FTX Token price analysis
FTX Token (FTT) has also started on bear activity, as the FTT price stood at $4.08 after recording a daily decrease of 5.3%, and a weekly rise now stands at 11%. FTT’s trade volume jumped by 2.8% during the same period, presently at $168M.
The Bollinger bands are far apart, showing high volatility levels on the FTT price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the FTT price despite the rise.
FTT 1-day chart | Source: TradingView Bonk price analysis
Bonk (BONK) has started on bull activity, as the BONK price stood at $0.000004394 after recording a daily increase of 15.9%, and a weekly drop now stands at 0.07%. BONK’s trade volume jumped by 20% during the same period, presently at $46.7M.
The Bollinger bands are far apart, showing high volatility levels on the Bonk price as the Relative Strength Index (RSI) approaches a shift above the average line, demonstrating building bullishness on the Bonk price.
BONK 1-day chart | Source: TradingView Sei price analysis
Sei (SEI) has started on bull activity, as the SEI price stood at $0.2844 after recording a daily increase of 27%, and the weekly rise now stands at 78%. SEI’s trade volume jumped by 263% during the same period, presently at $730M.
The Bollinger bands diverge, showing high volatility levels on the Sei price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on the Sei price.
Sei 1-day chart | Source: TradingView
