Crypto News – During yesterday’s trading session, the fear and greed index rose to 72 points, and the total market cap was recorded at $1.26T. Today, although the total market cap remained stable, there was a slight decline in the index.
October 27 Crypto Price Analysis: Slight Decline in the Market Today Compared to Yesterday
The entire market capitalization is $1.26T, a 1.87% decline from the previous 24-hour mark, indicating bear market action today. With greed currently ruling, the fear and greed index is at 71. As of writing time, the worldwide trading volume is $43.2 billion, down 16.55% in a day.
Bitcoin Price
After a period of 0.81% daily decline and 14.65% weekly increase, the price of Bitcoin (BTC) was $34.1K at the time of writing, indicating the start of bearish trends. The token, which is currently valued at $17.8 billion, saw a 24.50% decline in transaction volume over the same time due to the price of Bitcoin.
At this point, the Bollinger bands are diverging, indicating that the price of bitcoin is very volatile. The overbought overland indicates bull dominance in the price of bitcoin, as indicated by the Relative Strength Index (RSI) being above the average line.
Ethereum Price
With a daily decline of 2.85% and a weekly increase of 10.95%, Ethereum (ETH) has also begun to exhibit bearish behavior. As of right now, the price of ETH is $1788. In that same time frame, the trade volume of ETH increased by 15.10% to $8.7 billion.
In the overbought region, the Relative Strength Index (RSI) rises above the average line, indicating bull dominance on the Ethereum price, while the Bollinger bands diverge, indicating high volatility levels on the price.
NEAR Protocol Price
Bull activity has also begun for NEAR Protocol (NEAR), with a price of $1.19 following a daily decline of 0.65% and a weekly increase of 17.80%. During the same period, NEAR’s transaction volume increased by 7.23% and is currently at $91M.
When the overbought area’s Relative Strength Index (RSI) rises over the average line, showing bull dominance on NEAR price, the Bollinger bands split, signaling high volatility levels on NEAR price.
BarnBridge Price
Additionally, BarnBridge (BOND) has begun to exhibit bullish behavior. The BOND price experienced a daily increase of 1.9% to $4.11. In addition, the weekly increase reached 2.7%. The trading volume of BOND increased by 206% in the same time frame, reaching $97.9M at now.
When the Relative Strength Index (RSI) dips below the average line, it indicates bear activity on the BOND price, even with the gain. The Bollinger bands are widely spaced, indicating significant levels of volatility on the BOND price.
Loom Network Price
Bullish action has also begun for Loom Network (LOOM), with a price of $0.1205 following a 14.90% daily climb and a 1.19% weekly decline. Over that same period, LOOM’s transaction volume increased by 19.52% to reach $178M.
The price of LOOM has considerable volatility as shown by the Bollinger bands diverging, and bear activity is evident on the price when the Relative Strength Index (RSI) drops below the average line, notwithstanding the increase.
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