Markets Kick Off On Slight Bullish Sentiment as DODO Explodes

Markets have started with bullish sentiment, with the global market cap recording a 0.35% increase in a day to take the total cap to $1.16T as of press time. The fear and greed index is still at 50, a neutral position.

Bitcoin (BTC) analysis

Bitcoin (BTC) has started on some bull activity as it is now trading at $29.2K after recording a daily gain of 0.75% and a weekly gain of 1%. Bitcoin’s trade volume has also spiked by 67% during the same period and is presently at $13.6B.

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 approaches a shift to the green zone.

Ethereum (ETH) analysis

Ethereum (ETH) has also started on slight bullish activity, as the asset now sits on gains of 0.2% within a day of trading to take it to $1834 as the trading volume spiked by 66% to take it to $5.7B 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 still moving below its average line and is now approaching a shift above the average line, as bulls push for  Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves below in the negative region, as bulls push for a shift to the positive region.

Livepeer (LPT) analysis

LPT is also having a rough session as the asset trades 5% below its previous 24-hour price the weekly gain drops to 42% and the asset trades at $5.63 as of press time. LPT’s trading volume has also seen a massive spike of 249% within a day of trade.

LPT’s volatility levels are high and still rising as the Bollinger bands now diverge away from each other ahead of the increase in activity on the asset. The RSI is also moving high close to the overbought region displaying great bull dominance on the asset.

DODO (DODO) analysis

DODO is also making tremendous gains in today’s session as the asset trades 58% above its previous 24-hour price te spot price now stands at $0.157 and ranks at #299 on CoinMarketCap. DODO’s trading volume has also seen a massive 1013% spike in trading volume within the same period.

DODO’s volatility levels have also spiked ahead of the activity increase as the Bollinger bands diverge away from each other. The RSI is high above in the overbought region displaying great bull dominance as the MACD also moves in the overbought region.

Other analysis

Highstreet (HIGH) is also making trends despite experiencing a 2.5% loss within a day’s trade as the spot price now stands at $1.38 as the weekly gain stands at 14%. Bitcoin Cash (BCH) is also making tremendous gains in today’s session as it now trades at $235. Bald (BALD) is also making trends today as the asset now trades at $0.00855 as it now trades 24% above its previous 24-hour price.