The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.16T as of press time, representing a 1.86% increase over the last 24 hours, while the trading volume jumped by 4.13% over the same period to stand at $100.08B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted minor declines in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Bollinger Bands are contracting slightly, suggesting a decrease in volatility.
On the other hand, we see that the ADX (Average Directional Index) is at 18.85, indicating a weak trend. BTC is likely consolidating. Bitcoin traded at $95,899 as of press time, representing a 2.00% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum has been moving sideways after a recent downtrend. The Alligator indicator (Jaw, Teeth, and Lips) is converging, signaling market indecision.
On the other hand, we see that the ADX is at 31.85, suggesting that ETH may be preparing for a breakout. Ethereum traded at $2,628 as of press time, representing a 2.39% decrease over the last 24 hours.
Jito Price Review
Jito, $JTO, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Jito is trading below the 200 SMA (~$2.8275), indicating a long-term bearish trend. However, it is attempting to break above the 50 and 100 SMAs, suggesting a possible trend shift.
On the other hand, we see that the RSI is at 60.32, nearing overbought territory, but still has room for an upside push. Jito traded at $2.74 as of press time, representing a 3.32% increase over the last 24 hours.
Binance Coin Price Review
Binance coin, $BNB, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Binance Coin is attempting to break above the Ichimoku Cloud, which is acting as resistance. If successful, this would signal a bullish shift.
On the other hand, we see that the ADX is at 29.15, indicating moderate strength. Binance coin traded at $645 as of press time, representing a 1% increase over the last 24 hours.
Maker Price Review
Maker, $MKR, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Maker is showing signs of an early trend reversal, but the Supertrend remains in bearish mode.
On the other hand, we see that the Volume Oscillator is at -19%, indicating low buying pressure. Maker traded at $982.97 as of press time, representing a 0.96% increase over the last 24 hours.
