Markets are still in bear activity as seen from the massive drop witnessed today in the global market cap. The global market cap stood at $2.4T as of press time, representing a 7.45% decrease within the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC), is now struggling to recover ahead of its previous corrections. The 20-period Bollinger Bands are widening, indicating increasing volatility. The [ccpw id=60415] price has recently moved below the middle Bollinger Band (20 SMA), which may suggest a short-term downtrend.
On the other hand, the MACD (Moving Average Convergence Divergence) is below the signal line and appears to be widening, indicating bearish momentum. The recent Bitcoin price action has seen a sharp decline below the 20 SMA, suggesting that bears currently have control. The Bitcoin price stood at $64.8K as of press time representing a 3.5% drop over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) also struggles to recover ahead of the massive bear activity today. The [ccpw id=60480] price is currently below the Supertrend indicator, suggesting a bearish trend. On the flip side, the MFI (Money Flow Index) is relatively low, indicating that there is not a lot of buying pressure.
The actions of both indicators suggest a comeback in ETH markets as also suggested by the recent series of green candlesticks. The Ethereum price stood at $3,333 as of press time representing a 4.7% drop over the last 24 hours.
Aptos Price Review
Aptos has, however, managed to post gains despite today’s bear market. The Alligator indicator (with three moving averages) shows potential for trend reversal as the lines are intertwining, and the Aptos price has recently crossed above the green and red lines, indicating possible bullish momentum.
The ADX (Average Directional Index) is relatively low, which usually indicates a weaker trend. However, the recent uptick in ADX could suggest the start of a new trend. Recent candles show an uptrend with the latest candle closing above previous ones, suggesting bullish sentiment in the short term. The Aptos price stood at $16.44 as of press time representing a 9.9% drop over the last 24 hours.
Open Campus Price Review
Open Campus (EDU) is also posting notable gains as seen from its notable increase. The use of the Auto Pitchfork indicates key levels of support and resistance. The price has been moving within the upper half of the Pitchfork, indicating an uptrend.
The AO (Awesome Oscillator) is above the zero line but showing smaller green bars, which may indicate weakening bullish momentum on the Aptos price. There was a significant spike followed by a retraction, which might suggest a price correction after a strong move-up. The Open Campus price stood at $1.22 as of press time representing a 30% drop over the last 24 hours.
Stacks Price Review
Stacks (STX) has also managed to post gains in today’s session despite the trend. There are no clear trend indicators on this chart, but the recent price action suggests an uptrend. The RSI (Relative Strength Index) is approaching overbought territory, indicating strong buying pressure. The CCI (Commodity Channel Index) is above 100, which confirms strong bullish momentum.
The Stacks price is in an uptrend, making higher highs and higher lows, and is currently at a local high point. The Stacks price stood at $2.93 as of press time representing a 12% drop over the last 24 hours.
