Bears Kick Off Strong as Aptos (APT) Gains Big

Markets have started with bearish sentiment, with the global market cap recording a 0.59% decrease in a day to take the total cap to $1.18T as of press time. The fear and greed index is now at 52, a decrease by one from yesterday’s index.

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class="wp-block-heading">Bitcoin (BTC) analysis

Bitcoin (BTC) has also started on the bear activity as it is now trading at $29.5K after recording a daily drop of 0.78% and as the weekly gain stood at 1%. Bitcoin’s trade volume dropped by 17% during the same period and is presently at $15.5B.

The Bollinger bands are still converging, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is now above its average level, showing the effort by bears for market dominance as the MACD also now moves in the green zone.

Ethereum (ETH) analysis

Ethereum (ETH) has also started on slight bearish activity, as the asset now sits on a drop of 0.36% within a day of trading to take it to $1852 as the trading volume dropped by 28% to take it to $4.7B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands maintain a relatively close distance. 

The RSI indicator is moving above its average line as bulls push for  Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves above in the positive region as bulls shift to the positive region.

Polygon (MATIC) analysis

Polygon (MATIC) is also having a slow session despite making it to the trending list as the asset trades 0.8% below its previous 24-hour price with a spot price of $0.686 as the trading volume saw a 19% as it now stands at $260M.

MATIC’s volatility levels are also stable as the Bollinger bands maintain a close distance from each other as the RSI moves above its average line, indicating a bullish trend on Polygon as the MACD indicator also moves in the red zone as it approaches a shift above its average line.

Aptos (APT) analysis

APT is also making a tremendous session today as the asset now trades 9.4% above its previous 24-hour price te trading volume saw a massive 790% surge within a day of trade to take it to $774M as APT now holds a spot price of $7.31.

APT’s volatility levels are also low as the Bollinger bands maintain a close distance from each other. The RSI movies above the average line show great bull dominance, with the MACD also moving in the green zone.

Other trending tokens

Orchid (OXT) is also making trends today as the asset trades at $0.08102, representing a 9.6% increase within a day as Taraxa (TARA) is also making trends, standing on 11.7% in losses within a day of trade to take its spot price to $0.01164. Pepe is also still on the trending list as the asset trades 0.5% below its previous 24-hour price ahead of yesterday’s rally, as it no trades at $0.000001222 as of press time.