Markets have started today's session on some bull activity as most crypto assets post impressive gain while Solana is among today's top gainers.
Markets have started today’s session with notable bull activity, with the global market cap recording a 1.2% increase daily to take the total cap to $1.19T as of press time. The fear and greed index is also currently at 52, indicating a neutral position, according to CoinMarketCap.
Bitcoin analysis
The Bollinger bands are still moving close to each other, indicating that the volatility of Bitcoin is currently low but is, however on the verge of a diverge, indicating an increase in volatility. However, the Relative Strength Index (RSI) is moving below its average level, showing the struggle between bulls and bears for market dominance.
Ethereum analysis
The RSI indicator is still below its average, indicating a likely bearish trend on Ethereum as the asset’s bears continue to push for market dominance. The MACD indicator also moves below in the negative region, showing the effort by bears to dominate markets.
Solana (SOL) analysis
Compound (COMP) analysis
Compound has also started today’s session strongly as the asset now trades at $71.39, 4% above its previous 24-hour price. Compound’s trading volume has, however, dropped by 21% within the same period.
Compounds volatility levels are high as the Bollinger bands move at a high distance from each other. The RSI indicator is also below its average line as bulls push for a cross over the line while the MACD also looks to shift back to the green zone.
Other analysis
Another notable gainer in today’s session is Bounce Token (AUCTION) which has increased 126% within 24 hours of trading as it now trades at $13.6, while Bitgert (BRISE) also moves 21% above its previous 24-hour price. Worldcoin (WLD) is selling 7% below its last 24-hour price after hitting gains in te recent past amid its launch.