Bulls Kick-Off Week On Front Foot as Litentry Posts Massive Gains

Markets have continued today’s session with bull activities, as the global market cap recorded a 0.14% increase in a day to take the total cap to $1.17T as of press time. The fear and greed index is also currently at 50, a neutral position, according to CoinMarketCap, as it falls back from yesterday’s position.

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class="wp-block-heading">Bitcoin analysis

Bitcoin (BTC) is still facing some minor bull activity as the asset now trades at $29.3K after recording a daily increase of 0.02% as the weekly increase stood at 1.18%. Bitcoin’s trade volume has climbed by 59% during the same period as well and is presently at $9.8B.

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

Ethereum analysis

Ethereum (ETH) is now seeing mild bear activity as the asset now sits on losses of 0.04% within a day of trading to take it to $1847 as the trading volume rose by 71% to take it to $3.7B 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 however still moving above its average line, as the asset’s bears and bulls fight for dominance. The MACD indicator also moves now approaches a shift to the green zone, indicating likely bullish momentum.

Ripple (XRP)  analysis

Ripple is also having a tremendous session as the asset sits on gains of 0.14% within 24 hours of trade to take XRP’s price to $0.628 as of press time while the trading volume saw a 58% spike within the same period as activity on markets increases.

XRP’s volatility levels are also rather stable as the asset’s Bollinger bands maintain a rather stable distance from each other while the RSI moves below its average line XRP bears also push for dominance while the MACD also moves below in the red zone as it approaches a shift to the green zone.

Litentry (LIT) analysis

LIT is also having a tremendous session today as the asset boasts massive gains of 16% within a day’s trade to take its price to $0.744 as the trading volume spiked by a massive 1851% as activity on the token spikes big.

LIT’s volatility levels are now starting to rise as the asset’s Bollinger bands now diverge away from each other as the RSI moves above its average line showing great bull dominance with the MACD also now moving in the green zone.

Other analysis

Other notable gainers in today’s session are Bluzelle (BLZ) which now trades 46% above its previous 24-hour price as it now holds a spot price of $0.112 while BakeryToken (BAKE) also trades 12% above its previous 24-hour price holding a spot price of $0.107 as of press time. Hedera (HBAR) is also 14% up with a spot price of $0.06434.