Bitcoin

Ethereum

Bancor

StormX

Solana

Shiba Inu

Curve Network

<p>Markets have started the week slowly, with the global market cap recording a 0.03% decrease in a day to take the total cap to $1.16T as of press time. The fear and greed index is also currently at 50, signifying a neutral market state, as it now stagnates.</p><h2 id="header-0">Bitcoin (BTC) analysis</h2><p><a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC) </a>is still encountering some bear activity, as it is still trading at $29K after recording a daily drop of 0.4% and a weekly decrease of 1.1%, as minimal activity is witnessed on the asset. Bitcoin’s trade volume has dropped by 26% during the same period and is presently at $8.1B.</p><p>The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is still below its average level, showing the effort by bears for market dominance, as the MACD also approaches a shift to the green zone, showing a great struggle between bulls and bears.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/37602923c71142248a88605db81fef86.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 (ETH) analysis</h2><p>Ethereum (ETH) has also started the week slow, as the asset now sits on mild losses of 0.1% within a day of trading to take it to $1829 as the trading volume increased by 27% to take it to $3.5B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance.</p><p>The RSI indicator still moves below its average line, indicating a likely bearish trend on Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves below the negative region, showing the effort by bears to dominate markets as bulls push for a crossover to the negative region.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/72f469b0b6cb4ddbb897365b87652ec6.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">Shiba Inu (SHIB) analysis</h2><p>SHIB is making trends despite facing mild losses in today’s session after its recent rally, as the asset now trades 4.6% below its previous 24-hour price as it now holds a spot price of $0.000009267 while the trading volume dropped by 66%.SHIB’s volatility levels are still high as the Bollinger bands diverge away from each other, indicating rising volatility. The RSI indicator is currently above its average line showing the dominance of bulls on the network, as the MACD also moves in the green zone with bears trying to hop in.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c98e0601cccf40e4b03161d450567c51.png" />SHIB 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">Curve Network (CURVE) analysis</h2><p>CURVE is having a slightly bullish session as the asset trades at $0.000144 representing a 4.7% increase within a day of trade as the trading volume dropped by 36% within a day of trade, the trading volume now stands at $3,256.CURVE’s volatility levels are high as per the Bollinger bands which are moving at a far distance from each other as the RSI approaches a shift over the average line with bulls pushing for dominance on the token.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/95dfc75d9c16457391507691c3dbefa6.png" />CURVE 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">Other trending tokens</h2><p>StormX (STMX) is still trending in today’s session despite the asset trading 3% below its previous 24-hour price with a spot price of $0.006732 as Bancor BNT also pops among the trending tokens despite making losses of 8.8% within a day of trading to take its price to $0.5284 as of press time. Solana (SOL) is also making trends despite making mild gains of 0.57% within a day of trade as the token now trades at $23.</p>

Bears Dominate Session as Shiba Inu Faces Corrections

목차

BlockchainReporter

2023년 8월 7일에 게재된 다른 기사

BTC, ETH, XRP, DOGE and SHIB Price Analysis for August 7

Huobi en crise : Dirigeants arrêtés, faillite en vue ?

Magic Eden MarketPlace: Destination for NFT Creators on Solana

Forbes Highlights China’s Game-Changing Move, Potential Impact on XRP Price

Shiba Inu Token Burn Rate Skyrockets Over 130%

WhiteBIT Crypto Exchange Has Launched Its Own Blockchain

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!