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Bitcoin price analysis
Bears have dominated this week as most assets failed to post gains over the seven days. Bitcoin ($BTC) has seen bear activity this week, recording a weekly decrease of 4.6% as the price is $41.8K. Bitcoin has a market cap of $818B, and the trading volume stood at $14.2B as of press time.
Volatility on Bitcoin price for the week has been rising as the Bollinger Bands diverge. $BTC’s relative strength indicator is above its average line in the overbought region, indicating bull activity on Bitcoin price over the week despite the price drop.
Avalanche price analysis
Avalanche ($AVAX) has seen a bullish week, recording a weekly increase of 25% as the price is $41.19. Avalanche has a market cap of $15B, and the trading volume stood at $1.6B as of press time.
Volatility on Avalanche price for the week has been rising as the Bollinger Bands diverge. $AVAX’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Avalanche price over the week.
Injective price analysis
Injective ($INJ) has seen massive bull activity this week, recording a weekly increase of 55% as the price is $29.8. Injective has a market cap of $2.9B, and the trading volume stood at $243M as of press time.
Volatility on Injective price for the week has been rising as the Bollinger Bands diverge. $INJ’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Injective price over the week.
Immutable price analysis
Immutable ($IMX) has seen a bullish week, recording a weekly increase of 10% as the price is $41.19. Avalanche has a market cap of $1.9B, and the trading volume stood at $139M as of press time.
Volatility on Immutable price for the week has been rising as the Bollinger Bands diverge. $IMX’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Immutable price over the week.
Hedera price analysis
Hedera ($HBAR) has seen a bullish week, recording a weekly increase of 10% as the price is $1.99. Hedera has a market cap of $2.6B, and the trading volume stood at $140M as of press time.
Volatility on Hedera price for the week has been rising as the Bollinger Bands diverge. $HBAR’s relative strength indicator is above its average line in the overbought region, indicating bull dominance on Hedera price over the week.
Filecoin price analysis
Filecoin ($FIL) has seen a bullish week, recording a weekly increase of 9.3% as the price is $5.5. Filecoin has a market cap of $2.6B, and the trading volume stood at $780M as of press time.
Volatility on Filecoin price for the week has been low as the Bollinger Bands move close to each other. $FIL’s relative strength indicator is above its average line, indicating bull dominance on Filecoin price over the week.
