As the markets continue their slow stride, one could almost hear the ticking of a clock in the background. The global market cap has experienced a slight dip of 0.6%, bringing it down to $1.21T at press time. The fear and greed index, a handy gauge of market sentiment, stands at 61 according to CoinMarketCap.
Bitcoin (BTC), the granddaddy of all cryptos, had managed to climb above $31K earlier today but is now trading at $30.9K. This represents a 0.4% loss within a day of trading, although the weekly gain still holds steady at 0.7%. Interestingly, Bitcoin’s trading volume has seen an uptick of 1.4%, now standing at $14B.
The Bollinger bands continue their wide berth from each other, an indication that Bitcoin’s volatility levels are maintaining their high altitude flights. Meanwhile, the RSI indicator has slipped below its average line – a sign that bears might be gearing up for their turn in the market arena.
Ethereum (ETH), on the other hand, is also experiencing high volatility levels with its Bollinger bands maintaining considerable distance from each other. The MACD indicator is making strides in the positive region – a hopeful sign that bulls are putting up quite a fight for market dominance.
A glance at the RSI shows it moving above its average line – another testament to bull’s efforts to reign over today’s session.
When it comes to SOL, there isn’t much movement today as shown by its 1-day chart on TradingView.
Amidst this somewhat dormant state of affairs, Aave is making quite an impression with its current standing on 5% gains within just one day of trading! This brings its weekly gain to an impressive 20%.
Furthermore, Aave’s trading volume has skyrocketed with an increase of 102% within a day’s trading session; this brings Aave’s trading volume to a whopping $225M.
The relative strength indicator (RSI) for Aave is also soaring above average as bulls dominate this asset’s network and aim for the overbought region.
In conclusion, while most markets may be moving slowly right now, there are always exceptions like Aave that defy expectations and make notable gains even when others don’t follow suit.