Bears continue to show tremendous dominance in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.56T as of press time, representing a 1.49% increase over the last 24 hours. On the other hand, the trading volume stood at $84.02, representing a 42.35% increase in the previous 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session due to its price movements. An in-depth analysis shows that the Bitcoin price is currently above the Ichimoku Cloud, suggesting a potential bullish sentiment in the short term. However, the cloud itself appears relatively flat, indicating uncertainty.
On the other hand, the Money Flow Index (MFI) is at 56.18, which is relatively neutral but leans towards the upper side, suggesting moderate buying pressure. As of press time, the Bitcoin price stood at $69,240, representing a 2.22% jump from its previous 24-hour price.
Notcoin Price Review
Notcoin (NOT) is still facing corrections after its recent dominance. Analysing Notcoin price charts, we see that the Notcoin price is above all moving averages (short, medium, and long term), supporting the bullish trend.
On the other hand, we see the MACD shows a bearish crossover, indicating potential for a reversal or pullback in the short term despite the uptrend. As of press time, the Notcoin price stood at $0.02246, representing a 0.6% jump from its previous 24-hour price.
Hedera Price Review
As its price movements show, Hedera (HBAR) is another gainer in today’s session. However, an in-depth analysis shows that the Supertrend indicator is red and above the price, confirming the bearish sentiment.
On the other hand, the MFI is around 66.96, suggesting a divergence as prices decline while the MFI is relatively high, which might indicate a potential reversal or stabilization. As of press time, the Hedera price stood at $0.1017, representing a 2.82% jump from its previous 24-hour price.
Filecoin Price Review
Filecoin (FIL) is also gaining today, as evidenced by its price movements over the last 24 hours. In-depth analysis shows that the Filecoin price is moving towards the lower Bollinger Band, suggesting it might be approaching potentially oversold conditions.
On the other hand, the MFI has a neutral value of 57.52, supporting the ongoing sideways action without indicating a clear trend direction. As of press time, the Filecoin price stood at $5.83, representing a 0.85% jump from its previous 24-hour price.
Optimism Price Review
Optimism (OP) is not a gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the Optimism price is contained within the lower half of the pitchfork, emphasizing the strength of the downward trend.
On the other hand, the ADX at 23.48 suggests a moderate trend strength, which supports the downward movement, while the near-flat price movement within the pitchfork suggests some consolidation. As of press time, the Optimism price stood at $2.42, representing a 1.2% drop from its previous 24-hour price.
