Daily Crypto Analysis: BTC, ETH, PEPE, SHIB, CREAM

Crypto News- Today, the markets seem to be going through a bit of a rough patch, with the global market cap just 0.06% lower than it was in the last 24 hours, standing at around $1.05 trillion as of the latest data. The fear and greed index is holding steady at 39.

Daily Crypto Analysis: BTC, ETH, PEPE, SHIB, CREAM

Now, let’s dive into the analysis of Bitcoin’s price. Bitcoin (BTC) has started to show some signs of bearish activity. At the time of this report, its price is around $26,550, marking a slight daily decrease of 0.04%. On a weekly scale, it’s up by a modest 0.06%. However, this dip in Bitcoin’s price has caused its trading volume to drop by 33% during the same period, currently sitting at approximately $6.5 billion.

Looking at the technical indicators, the Bollinger Bands for Bitcoin are pretty close together, indicating that the price is experiencing relatively stable volatility. The Relative Strength Index (RSI) is currently above the average line but seems to be edging towards a crossover below it, which could indicate the influence of bearish sentiment. The Moving Average Convergence Divergence (MACD) is in the green zone but appears to be heading towards the red zone, suggesting some bearish pressure on Bitcoin’s price.

Now, let’s shift our focus to Ethereum’s price. Ethereum (ETH) is also seeing a minor bearish trend, with its price hovering around $1,501, representing a daily decrease of 0.13%. On a weekly basis, it’s down by about 2.3%. ETH’s trading volume has shrunk by 39% over the same period and currently stands at roughly $1.9 billion.

The Bollinger Bands for Ethereum are slightly diverging, indicating an increase in price volatility. The RSI is below the average line, suggesting that bears might be trying to assert dominance, while the MACD is still in the green zone but is getting closer to potentially shifting into the red zone.

Moving on to Pepe’s price analysis, we can see that Pepe (PEPE) has also faced some bearish activity. Its price is currently at $0.0000006658, reflecting a daily decrease of 3.2%. However, over the week, it has managed a 0.27% increase. The trading volume for Pepe has dropped significantly by 62% during this period, now standing at $58.6 million.

The Bollinger Bands for Pepe are moving closer together, indicating a relatively stable level of volatility. The RSI, on the other hand, is above the average line, suggesting some bullish sentiment around Pepe’s price, while the MACD remains in the green zone.

Now, let’s discuss Shiba Inu’s price analysis. Shiba Inu (SHIB) seems to be experiencing some bullish activity, with its price at $0.00000739 at the time of this report, marking a daily increase of 0.7%. Over the week, it has seen a 0.72% rise. This increase in SHIB’s price has resulted in a substantial 97% surge in trading volume during the same period, now standing at $138.44 million.

The Bollinger Bands for Shiba Inu are converging, indicating a decrease in price volatility. The RSI is above the average line, signaling some bullish effects on Shiba Inu, while the MACD remains in the green zone, indicating a bullish momentum.

Lastly, let’s take a look at Cream Finance’s price analysis. Cream Finance (CREAM) is currently going through a significant bullish phase, with its price at $17.95 at the time of this report, reflecting an impressive daily increase of 56.2%. Over the week, it has witnessed a remarkable 64% rise. This surge in CREAM’s price has led to an astonishing 1528% increase in trading volume during the same period, which now stands at $48.5 million.

The Bollinger Bands for Cream Finance are diverging, pointing to a sharp increase in price volatility. The RSI is above the average line and in the overbought region, signaling strong bullish effects on Cream Finance, while the MACD remains in the green zone, indicating a strong bullish sentiment for Cream Finance’s price.