Today’s session began with massive bull activity again as the global market cap jumped by 3.6% to stand at $1.87 as of press time. The trading volume has also jumped by 77% within the same period to $81B. However, despite the bull market, several tokens have failed to post gains in today’s session as they face correction.
Bitcoin Price Review
Looking at the 2-hour BTC/USD charts, we notice a bullish trend with the price moving above the 20 Simple Moving Average (SMA) line, suggesting a strong market. The Bollinger Bands appear to be widening, hinting at increased market volatility. The Relative Strength Index (RSI) is above 50, indicating positive momentum for the Bitcoin price.
The [ccpw id=60415] now stands at $49,7K, representing a 0.4% drop in the last 24 hours, as it now faces resistance at $50K. The trading volume has also seen an 11% drop within the same period to $34 billion.
Ethereum Price Review
Analyzing 2-hour ETH/ USD charts, we also see that the Ethereum price action is hovering around the 2,650 USD mark. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover. However, the latest green histogram on the Awesome Oscillator and the MACD’s reversion towards the green zone suggest building bullish momentum on the Ethereum price.
The [ccpw id=60480] now stands at $2.651, representing a 0.24% drop in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 12% drop within the same period to $16.4 billion.
Solana Price Review
Looking at the 2-hour SOL/USD charts, we see a stable trend, with prices ranging around 113 USD. The Alligator indicator suggests a potential for continued sideways movement, and the Average Directional Index (ADX) is above 20, which indicates a certain strength in the current Solana price trend.
The [ccpw id=60497] now stands at $113.22, representing a 0.74% decrease in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 19% drop within the same period to $2.3 billion.
Mantle Price Review
Looking at the 2-hour MNT/USDT charts, we see the asset is trading just below 0.70 USD. The Woodies CCI indicates that the market is in a neutral state while the Price Oscillator (PPO) remains flat, suggesting little volatility and no clear trend.
The Mantle price stood at $0.6976, representing a 2% decrease in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 19% drop within the same period to $154 million.
Worldcoin Price Review
Lastly, looking at 2-hour WLD/USDT charts, we also notice the price is around 2.79 USD, with the SuperTrend indicator suggesting a bullish market as the Worldcoin price stood above the SuperTrend line. However, the Ultimate Oscillator (UO) has decreased slightly, which could signal a decrease in buying pressure on the token.
The Worldcoin price stood at $2.79, representing a 1% increase in the last 24 hours, to emerge as the only gainer in our list today. The trading volume has also seen a 55% pump within the same period to $135 million.
