blockchainreporter.net
This week has seen several rallies, with several cryptos making massive gains. Bitcoin (BTC) has had a relatively slow week recording a weekly decrease of 1.17% as the asset now trades at $29.9. Bitcoin has a current market cap of $582,060,214,071, as the trading volume stood at $8,153,852,571 as of press time.
Bitcoins volatility for the week has been relatively stable as the Bollinger bands now move close to each other. BTC’s relative strength indicator is now moving below its average line, indicating a bearish trend on BTC as the MACD indicator also approaches a bridge to the negative region, showing the effort by bears over the week to reclaim market dominance from the bulls.
Ethereum analysis
Ethereum (ETH) has also had a rather fruitful session as the asset’s weekly gain now stand’s at 2.6% as it trades at $1,877. Ethereum has a current market cap of $225,606,662,735, as the trading volume now stands at $4,495,421,150.
ETH’s volatility levels are also low as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line showing much bear activity on Ethereum as bears push for dominance.
Ripple (XRP) analysis
Ripple, currently leading a successful month, has also had a fruitful week as the asset’s weekly gain currently sits at 3.2% as it now trades at $0.7408 while the trading volume now stands at $1,967,814,033 while the market cap now stands at 4.5%.
Ripple’s volatility levels are also high as the Bollinger bands now converge away from each other the RSI indicator is also high in the overbought region as the MACD indicator also moves high in the positive region.
Toncoin (TON) analysis
Toncoin (TON) has also had a good session as the asset now trades at 11% from its previous 1-week price as it now trades at $1.51. The trading volume has also seen an 11% gain within the same period as the market cap currently trades at $5.18.
Toncoin’s volatility levels are also high as the Bollinger bands diverge from each other, indicating rising volatility on TON as the RSI approaches a shift above its average line. At the same time, the MACD indicator moves in the negative region.
Other notable gainers for the week are Chainlink (LINK) which has seen a 17% surge within the same period, and Stellar (XLM) is, also having a good week as it now trades at 21% from its previous week’s price. Syntetix (SNX) has also had a 12% gain within the same period.