BTC Starts Off Slowly as Teddy Doge Dominates Meme Coin Markets

Sunday’s market session seems to have been one with low activity with the global market cap reducing with a percentage very close to zero as the cap stood at $1.21. BTC, the crypto king, continues to face resistance at the $30K level as the asset recorded minor decreases as of today’s market session.

Trading at $29.2K as of press time, BTC had recorded a 0.3% decrease in price valuation within 24 hours as the weekly gain percentage stood at 5.6%. Bitcoin’s trading volume has maintained a 33% decrease within 24 hours. Volatility also seems to be on a stable run with the Bollinger bands moving closer together. 

The MACD indicator is now close to shifting to the positive side, showing a likely turn to a bullish run, as bulls strive to push the asset back up above the $30K mark.

Ethereum bulls have also started on a slow momentum as the asset sits on a 24-hour price valuation gain of 0.1%, as the asset sits on a weekly gain of 1.5%. ETH’s trading has however decreased by over 30% within 24 hours as well.

Altcoin analysis

Altcoins are also on for a slow market day with Ripple, Cardano, and Polygon recording, mild decreases of less than 15 within 24 hours of trading as of press time. Dogecoin has however recorded a 0.4% with Solana sitting on a 1% gain within the same period as it boasts a 6.2% increase for the week. 

Hedera, ranking at position 33 on CoinMarketCap, stands as today’s top 100 top gainers, as the asset recorded a 4.5% increase within 24 hours. 

Trading at $0.063 at press time, Hedera had recorded a notable 337% increase in trading volume. 

Today’s top gainer, ranking at 3rd on the trending list, has seen an 81% increase within the same period as meme coins continue to trend. The asset has recorded a 139% increase in price valuation as the token strives for recognition in the meme coin market. Teddy’s trading volume has recorded an increase of over 230% within the same period as activity on the token increases according to CoinMarketCap data.