13 October Market Analysis: Bear and Bull Activity in Cryptocurrency Prices
Crypto News – The global market is currently experiencing bearish activity, with the overall market cap being 0.36% lower than the previous 24-hour mark, standing at $1.05 trillion as of the latest update. The fear and greed index have dropped to 40, indicating a return of fear among investors.
Bitcoin Price Analysis
Bitcoin (BTC) is exhibiting bearish tendencies today, with its price at $26.81K as of the latest update. This marks a daily decrease of 0.31% and a weekly drop of 2.74%. Despite the drop in price, Bitcoin’s trade volume has increased by 7% during the same period, reaching $12.3 billion.
Technical analysis shows the Bollinger Bands moving closer to each other, signifying low volatility levels in Bitcoin’s price. The Relative Strength Index (RSI) is below the average line, indicating a bearish effect on Bitcoin’s price.
Ethereum Price Analysis
Ethereum (ETH) is also affected by bearish activity, with its price at $1540, reflecting a daily decrease of 1.6% and a weekly drop of 4.9%. The trade volume for ETH has dropped by 13% during the same period, currently standing at $5 billion.
Analyzing the technical indicators, the Bollinger Bands are diverging, indicating increasing volatility levels in Ethereum’s price. Moreover, the Relative Strength Index (RSI) is below the average line, suggesting bearish effects on Ethereum’s price.
Filecoin Price Analysis
Filecoin (FIL) is experiencing bullish activity, with its price at $1.51, showcasing a daily increase of 1.5% and a weekly drop of 1.87%. FIL’s trade volume has surged by 14% during the same period, reaching $52 million.
The Bollinger Bands for Filecoin are moving closer to each other, showcasing stable volatility levels in its price. Additionally, the Relative Strength Index (RSI) is moving towards the average line, indicating bullish activity on Filecoin’s price.
THORChain Price Analysis
THORChain (RUNE) is also witnessing bullish activity, with its price at $1.68, showcasing a daily increase of 8.7% and a weekly drop of 13.6%. RUNE’s trade volume has surged significantly by 91% during the same period, now standing at $107 million.
Analyzing the technical aspects, the Bollinger Bands are diverging, indicating high volatility levels in RUNE’s price. The Relative Strength Index (RSI) is moving towards the average line, illustrating bullish activity on RUNE’s price as the bulls aim to dominate.
Trust Wallet Token Price Analysis
Trust Wallet Token (TWT) is also experiencing bullish momentum, with its price at $0.96, reflecting a daily increase of 4.8% and a weekly rise of 1.98%. TWT’s trade volume has surged by 16% during the same period, now standing at $23.7 million.
Examining the technical indicators, the Bollinger Bands are diverging, showcasing high volatility levels in TWT’s price. Additionally, the Relative Strength Index (RSI) is above the average line, indicating bullish activity on TWT’s price.
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