Daily Analysis: BTC, ETH, FIL, RUNE, TWT

Markets are riding on bear activity today, with the global market cap sitting 0.36% below its previous 24-hour mark, as the total cap still stands at $1.05T as of press time. The fear and greed index has dropped to 40 as fear returns to the markets.

Bitcoin price analysis

Bitcoin (BTC) has started on bear activity today, as Bitcoin price stood at $26.81K as of press time after recording a daily decrease of 0.31% and a weekly drop of 2.74%. As a result of the Bitcoin price, the token’s trade volume rose by 7% during the same period and is presently at $12.3B.

The Bollinger bands are moving close to each other, showing low volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves below the average line, showing bear effect on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1540 after recording a daily decrease of 1.6%, as the weekly drop now stands at 4.9%. ETH’s trade volume dropped by 13% during the same period and is presently at $5B.

The Bollinger bands are diverging, showing increasing volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves below the average line, showing bear effects on Ethereum price.

ETH 1-day chart | Source: TradingView

Filecoin price analysis

Filecoin (FIL) is riding on bull activity, as Filecoin price stood at $1.51 after recording a daily increase of 1.5%, as the weekly drop now stands at 1.87%. FIL’s trade volume jumped by 14% during the same period and is presently at $52M.

The Bollinger bands are moving close to each other, showing stable volatility levels on Filecoin Price as the Relative Strength Index (RSI) moves towards the average line, showing bull activity on Filecoin price.

FIL 1-day chart | Source: TradingView

THORChain price analysis

THORChain (RUNE) is also riding on bull activity, as RUNE price stood at $1.68 after recording a daily increase of 8.7%, as the weekly drop now stands at 13.6%. RUNE’s trade volume jumped by 91% during the same period and is presently at $107M.

The Bollinger bands are diverging, showing high volatility levels on RUNE Price as the Relative Strength Index (RSI) moves towards the average line, showing bull activity on RUNE price as the bulls look to dominate.

RUNE 1-day chart | Source: TradingView

Trust Wallet Token price analysis

Trust Wallet Token (TWT) is also riding on bull activity, as TWT price stood at $0.96 after recording a daily increase of 4.8%, as the weekly rise now stands at 1.98%.TWT’s trade volume jumped by 16% during the same period and is presently at $23.7M.

The Bollinger bands are diverging, showing high volatility levels on TWT Price. The Relative Strength Index (RSI) moves above the average line, showing bull activity on TWT price.

TWT 1-day chart | Source: TradingView

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