Bitcoin

Ethereum

Aave [old]

Solana

<p>Markets are moving slowly as the session continues, with the global market cap recording a 0.6% decrease in a day to take the total cap to $1.21T as of press time. The fear and greed index is also currently at 61, according to CoinMarketCap.</p><h2 id="header-0">Bitcoin analysis</h2><p>Bitcoin (BTC), which had gone above $31K earlier today, is now trading at $30.9K as the asset recorded a loss of 0.4% within a day of trading, as the weekly gain now stands at 0.7%. However, Bitcoin’s trading volume has increased by 1.4%, now at $14B.</p><p>However, Bitcoin’s volatility levels are still high as the Bollinger bands maintain a far distance from each other, indicating high volatility levels. The RSI indicator is, however, below its average line, indicating a likely bearish trend as bears push for market dominance.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8d3f78c4b7694208bc3aade0ee305b48.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-1">Ethereum analysis</h2><p>Ethereum (ETH) has also started the week slow, as the asset now sits on losses of 0.5% within a day of trading to take it to $1951 as the trading volume dropped by 27% to take it to $6B as of press time. ETH’s volatility levels are also high as the Bollinger bands maintain a relatively high distance.The RSI indicator is, however, moving above its average line, indicating a likely bullish trend on Ethereum as the asset’s bulls push for market dominance. The MACD indicator also moves above in the positive region, showing the effort by bulls to dominate markets.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f56f39a9759e40a3b4f382d5a065740f.png" />ETH 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-2">Ripple (XRP) analysis</h2><p>Ripple is having relatively notable movements today as the asset now stands at $0.488, representing a 0.2% increase in 24 hours as the trading volume dropped by 12% within the same period to reach $875M.</p><p>However, Ripple’s volatility levels are low as the Bollinger bands now converge towards each other, indicating reduced volatility on XRP. The RSI is also moving above its average line, indicating the effort by the Bulls to dominate today’s session.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/83b042a329f3471697f57ba4db871efd.png" />XRP 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-3">Solana (SOL) analysis</h2><p>Solana is trending today with gains of 1.3% within a day of trading to take its price to $19.44, as the weekly gain currently stands at 16.5%. Solana’s trading volume has also increased by 10%, now at $357M.</p><p>However, Solana’s volatility levels are uncertain as the Bollinger bands maintain a moderate distance away from each other as the RSI indicator moves above its average line showing the bull dominance on Solana’s network. The MACD indicator is also high in the positive region, indicating more bull flags for Solana.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/59e12bf7ee9b41e78816e7009776ff33.png" />SOL 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-4">Aave analysis</h2><p>Aave also has a good market day as the asset now sits on 5% gains within a day of trading, as the weekly gain currently stands at 20%. Aave’s trading volume has also increased by 102% within a day of trading as the asset’s trading volume now sits at $225M. Aave’s volatility levels are, however, rising as the Bollinger bands diverge away from each other.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a46d7b7f8ceb43a29fad7aa3ed036e74.png" />Aave 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><p>The relative strength indicator is also above its average as bulls dominate the asset’s network as they aim for the overbought region. The MACD indicator is also high in the positive region, again showing bull dominance on Aave.</p><p><strong>Source:</strong> <a href="https://blockchainreporter.net/markets-remain-dormant-while-aave-boasts-gains/" rel="noopener noreferrer nofollow">Markets Remain Dormant While Aave Boasts Gains</a></p>

Markets Remain Dormant While Aave Boasts Gains

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BlockchainReporter

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