BTC and ETH have started today's market session with minute progress as Teddy Doge recorded tremendous surges as meme coins trend.
Sunday’s market session seems to have been one with low activity with the global market cap reducing with a percentage very close to zero as the cap stood at $1.21. BTC, the crypto king, continues to face resistance at the $30K level as the asset recorded minor decreases as of today’s market session.
Trading at $29.2K as of press time, BTC had recorded a 0.3% decrease in price valuation within 24 hours as the weekly gain percentage stood at 5.6%. Bitcoin’s trading volume has maintained a 33% decrease within 24 hours. Volatility also seems to be on a stable run with the Bollinger bands moving closer together.
BTC 1-day chart | Source: TradingView
The MACD indicator is now close to shifting to the positive side, showing a likely turn to a bullish run, as bulls strive to push the asset back up above the $30K mark.
Ethereum bulls have also started on a slow momentum as the asset sits on a 24-hour price valuation gain of 0.1%, as the asset sits on a weekly gain of 1.5%. ETH’s trading has however decreased by over 30% within 24 hours as well.
Altcoin analysis
Altcoins are also on for a slow market day with Ripple, Cardano, and Polygon recording, mild decreases of less than 15 within 24 hours of trading as of press time. Dogecoin has however recorded a 0.4% with Solana sitting on a 1% gain within the same period as it boasts a 6.2% increase for the week.
Hedera, ranking at position 33 on CoinMarketCap, stands as today’s top 100 top gainers, as the asset recorded a 4.5% increase within 24 hours.
HBAR 1-day chart | Source: CoinMarketcap
Trading at $0.063 at press time, Hedera had recorded a notable 337% increase in trading volume.
Today’s top gainer, ranking at 3rd on the trending list, has seen an 81% increase within the same period as meme coins continue to trend. The asset has recorded a 139% increase in price valuation as the token strives for recognition in the meme coin market. Teddy’s trading volume has recorded an increase of over 230% within the same period as activity on the token increases according to CoinMarketCap data.