Crypto News – Despite the recent uptrend, the November 18 crypto price analysis shows bearish signals.
November 18 Crypto Price Analysis Shows Market Exposed to Bearish Movements
As of this writing, the worldwide market capitalization is at $1.38T, 0.39% less than it was 24 hours ago, indicating bear market activity. The fear and greed index is still dominated by greed, with a score of 72. At $53.69 billion as of writing time, the worldwide trading volume had decreased by 23.72% in a single day.
Price Analysis for Bitcoin
At the time of writing, the price of Bitcoin (BTC) was $36.4K, up 0.40% on a daily basis and down 1.46% on a weekly one. This indicates that there has been some bull activity thus far. In the same time frame, the trade volume of the token decreased by 29.34% due to fluctuations in the price, and it currently stands at $18.4 billion.
Because the Bollinger bands are close together, the price of bitcoin is not very volatile. The Relative Strength Index (RSI) indicates a bear market for Bitcoin prices because it is below the average line.
Price Analysis for Ethereum
Ethereum’s (ETH) price dropped to $1945 from a daily drop of 0.97%, and it now has a weekly drop of 5.68%. Ethereum has also begun to exhibit bearish activity. During that time, ETH’s trade volume increased by 24.54% to $11.1B.
Given that the Relative Strength Index (RSI) is below the average line and the Bollinger bands are widely spaced, indicating high levels of volatility on the Ethereum price, bear dominance is evident.
Price Analysis for Dogecoin
Dogecoin (DOGE), which has also begun to exhibit bullish behavior, is currently trading at $0.0843 following a 0.88% daily increase and a 4.64% weekly increase. During that same time frame, DOGE’s trade volume decreased by 20.59%, to $1,579,109,510.
The Relative Strength Index (RSI), which is above the average line at the overbought region and indicates bull dominance on the Dogecoin price, is diverging, indicating high volatility levels on the price of the cryptocurrency.
Price Analysis for Shiba Inu
The price of Shiba Inu (SHIB), which has experienced a daily decline of 2.35% and a weekly drop of 7.89%, is currently $0.000008621. This indicates that Shiba Inu has also begun to exhibit bullish activity. During that time, SHIB’s trade volume decreased by 28.76% to $213M.
Although the price of Shiba Inu increased earlier today, the Bollinger bands are somewhat diverging, indicating high volatility levels. Additionally, the Relative Strength Index (RSI) is below average, indicating bear dominance on the Shiba Inu price.
Price Analysis for Cronos
Bull activity has also begun for Cronos (CRO), whose price is currently at $0.09787 following a 2.14% daily climb and a 6.69% weekly decline. In the same time frame, CRO’s trade volume decreased by 15.93% to $19.7B.
The Relative Strength Index (RSI) is below the average line, indicating bear dominance on the Cronos price despite today’s price spike, and the Bollinger bands are diverging, indicating high levels of volatility on the Cronos price.