Bears seem to have the upper hand in today’s session as seen from the decrease in the global market cap. The total cap stood at $2.55T as of press time, representing a 0.66% drop over the last 24 hours. The trading volume, on the other hand, jumped by 36.2% over the same period to stand at $90.67B.
Bitcoin Price Review
Bitcoin (BTC) is facing consolidations today as seen from its price movements. An in-depth analysis shows that the [ccpw id=60415] price recently breached below the middle Bollinger Band, suggesting a potential downtrend continuation.
On the other hand, the RSI is at 42.76, indicating that the market is neither overbought nor oversold, but it is leaning towards bearish momentum. As of press time, the Bitcoin price stood at $67,974, a 0.72% decrease in valuation over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also facing consolidation in today’s session as seen from its price increase. Analysing [ccpw id=60480] price charts, we know it has shown a strong upward movement, recently touching the upper Bollinger Band before slightly retracing.Â
On the other hand, the Woodies CCI is around -13.09, which suggests that Ethereum is in a bearish phase. As of press time, the Ethereum price stood at $3,855, a 0.65% increase in valuation over the last 24 hours.
Dogwifhat Price Review
Dogwifhat (WIF) is also among the gainers in today’s session as evidenced by its price movements. Looking at an in-depth analysis, we see that the Dogwifhat price appears to be consolidating, as indicated by the Alligator’s relatively tangled lines, which show a lack of a clear trend direction in the immediate term.
On the other hand, the MACD line is below the signal line, indicating bearish momentum. This aligns with the slight downward trend shown by the recent price action below the Alligator’s Jaw. As of press time, the Dogwifhat price stood at $3.29, a 7.9% increase in valuation over the last 24 hours.
Celestia Price Review
Celestia (TIA) is also among the top gainers in today’s session. An in-depth analysis shows that the Celestia price fluctuates within the Ichimoku cloud, suggesting a consolidation phase or uncertainty in the market direction.
On the other hand, the CCI is around 110, indicating that the Celestia price is approaching overbought conditions but is not there yet. As of press time, the Celestia price stood at $9.82, a 6.9% increase in valuation over the last 24 hours.
Chainlink Price Review
Chainlink (LINK) is also another gainer in today’s session as seen from its price movements, Analysing Chainlink price charts, we see that the Chainlink price has been rising within an upward channel indicated by the Pitchfork tool, suggesting a bullish trend.
On the other hand, the ADX value is 16.95, indicating a weak trend strength which suggests the trend might not be very robust. As of press time, the Chainlink price stood at $18.13, a 6.74% increase in valuation over the last 24 hours.
