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Bitcoin (BTC) analysis
Bulls have mostly dominated this week, with several cryptos posting gains. Bitcoin (BTC) has seen minor bull activities this week, recording a weekly increase of 1% as the asset now trades at $29.3K. Bitcoin has a current market cap of $571,584,117,702, as the trading volume stood at $6B as of press time.
Bitcoins volatility for the week has been relatively stable as the Bollinger bands now move close to each other. However, BTC’s relative strength indicator is moving below its average line, indicating a bearish trend on BTC as the MACD indicator hovers at a neutral position, showing the struggle between bulls and bears over the week for market dominance.
Ethereum (ETH) analysis
Ethereum (ETH) has also seen minor bull activity as the asset’s weekly gain now stand’s at 0.8% as it trades at $1,849. Ethereum has a current market cap of $222,245,933,659, as the trading volume now stands at $2,148,607,28.
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 bulls and bears struggled for dominance.
Solana (SOL) analysis
SOL’s week has been quite good, as the asset now sits 6.4% above its previous 7-day price. It now holds a spot price of $24.77 as of press time with a market cap of $10,056,725,042, and the trading volume now stands at $253,440,519.
Solana’s volatility levels have been quite low over the week as the Bollinger bands maintain a rather close distance to each other as the RSI indicator moves above its average line showing great bull dominance over the week. The MACD is also in the green zone as it still moves on te green zone.
Shiba Inu (SHIB) analysis
SHIB is among this week’s top gainers as the asset now stands 10% above its previous 24 hours with a spot price of $0.00001058 as of press time, while the market cap stood at $6,236,038,027.
However, Shiba Inu’s volatility levels have been quite low over the week as the Bollinger bands maintained quite a close distance while the RSI movie high above its average line showing great bull dominance on the meme coin over the week.
Aptos (APT) analysis
APT is another gainer this week, gaining 6.2% within a week of trade to take its price to $7.21 as of press time with a market cap of $1,622,395,539 as the trading volume currently sits at $87,064,822.
APT has also had a rather volatile week as the Bollinger bands maintain a huge distance away from each other. At the same time, the RSI moves above the average line indicating great bull dominance over the week on APT.
Other weekly gainers
Other gainers this week are Mina (MINA) which has gained 5.3% over the week as the asset now trades at $0.4628. THORChain (RUNE) is another gainer this week, having gained 41% over the week to now trade at $1.33, as Woo Network (WOO) also boasts gains of 8% to now trade at $0.1882.