Daily Analysis: BTC, ETH, PEPE, SOL, MATIC

Markets are riding on slight bull activity today, with the global market cap sitting 0.05% above its previous 24-hour mark, as the total cap still stands at $1.08T as of press time. The fear and greed index is now at 42, as neutrality strijkes the markets.

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity, as Bitcoin price stood at $27.1K as of press time after recording a daily increase of 0.78% and a weekly rise of 2.2%. As a result of the Bitcoin price, the token’s trade volume dropped by 23% during the same period and is presently at $6.2B.

The Bollinger bands are now converging, showing dropping volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves above the average line as bulls now dominate. The MACD also moves in the green zone, showing bull effects again on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bull activity, as Ethereum price stood at $1685 after recording a daily increase of 0.56%, as the weekly rise now stands at 5.8%. ETH’s trade volume dropped by 10% during the same period and is presently at $3.4B.

The Bollinger bands are now diverging, showing rising volatility levels on Ethereum Price. The Relative Strength Index (RSI) is still above the average line, as bulls dominate Ethereum price while the MACD moves in the green zone, asserting bull domination Ethereum price.

ETH 1-day chart | Source: TradingView

Pepe price analysis

Pepe (PEPE) is also riding on bull activity, as Pepe price stood at $0.000000805 after recording a daily increase of 2.55%, as the weekly rise now stands at 18.5%. Pepe’s trade volume jumped by 17% during the same period and is presently at $77.8M.

The Bollinger bands are now slightly diverging, showing rising volatility levels on Pepe Price. The Relative Strength Index (RSI) is above the average line, as bulls dominate Pepe price while the MACD moves in the green zone, asserting bull domination Pepe price.

PEPE 1-day chart | Source: TradingView

Solana price analysis

Solana (SOL) is also riding on bull activity, as Solana price stood at $23.04 after recording a daily increase of 13.42%, as the weekly rise now stands at 17.9%. SOL’s trade volume jumped by 229% during the same period and is presently at $537M.

The Bollinger bands are now diverging, showing rising volatility levels on Solana Price. The Relative Strength Index (RSI) is above the average line in the overbought region, as bulls totally dominate Solana price while the MACD moves in the green zone,again asserting bull domination Solana price.

SOL 1-day chart | Source: TradingView

Polygon price analysis

Polygon (MATIC) is also riding on bull activity, as Polygon price stood at $0.5517 after recording a daily increase of 4.34%, as the weekly rise now stands at 5.9%. MATIC’s trade volume jumped by 1.63% during the same period and is presently at $281M.

The Bollinger bands are now slightly diverging, showing rising volatility levels on polygon Price. The Relative Strength Index (RSI) is above the average line i, as bulls totally dominate Polygon price while the MACD moves in the green zone,again asserting bull domination Polygon price.

MATIC 1-day chart | Source: TradingView

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