Today’s market session has seen bears on the front foot, as seen from the drop in the global market cap over the last 24 hours. The total cap stood at $2.53T as of press time, representing a 0.17% decrease in the previous 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is still facing consolidations, as seen from its price movements during today’s session. An in-depth analysis shows that the Bitcoin chart displays a fluctuating movement inside a Keltner Channel. The Bitcoin price recently consolidated around $67,000.Â
On the other hand, the Relative Strength Index (RSI) hovers around 46, indicating neither overbought nor oversold conditions, suggesting a neutral market sentiment. As of press time, the Bitcoin price stood at $67,632, representing a 0.65% drop from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum shows a trend where it recently saw a significant rally, pushing the price above all three moving averages in the Alligator indicator, which is trending upwards.Â
This suggests a robust bullish phase. However, the Awesome Oscillator (AO) has shifted from green to red bars, indicating potential momentum loss or consolidation after the initial surge. As of press time, the Ethereum price stood at $3,791, representing a 1.5% jump from its previous 24-hour price.
JasmyCoin Price Review
JamsyCain (JASMY) is also among the top gainers in today’s session, as seen from its price movements. JasmyCoin demonstrates a solid bullish trend, with the price moving substantially above the Supertrend indicator line, which has turned green, confirming bullish conditions.Â
On the other hand, the Commodity Channel Index (CCI) has recently spiked above +100, reflecting high buying pressure and potential overbought conditions that may lead to a pullback or consolidation. As of press time, the JasmyCoin price stood at $0.03431, representing a 14.3% jump from its previous 24-hour price.
Lido DAO Price Review
Lido DAO (LDO) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Lido DAO’s chart indicates a bullish trend, with the price trading above the expanding Ichimoku cloud, suggesting increasing bullish momentum.Â
On the other hand, the Money Flow Index (MFI) is around 74, nearing overbought levels, which could signal a possible slowdown or reversal in the near term if traders start taking profits. As of press time, the Lido DAO price stood at $2.55, representing a 9.7% jump from its previous 24-hour price.
Ondo Price Review
Ondo (ONDO) is another gainer in today’s session, as seen from its price movements. Ondo Finance exhibits a consolidating trend, with the price fluctuating around the Ichimoku cloud, which is relatively thin, indicating uncertainty and minimal trend strength. The recent candles are above the cloud, suggesting a potential shift towards bullish conditions.
On the other hand, the Money Flow Index (MFI) is moderate at 62, suggesting a decent balance between buying and selling pressure without immediate overbought concerns. As of press time, the Ondo price stood at $1.27, representing a 6.37% jump from its previous 24-hour price.
