Today’s market session still has bears on the front as seen from the global market cap movements in today’s session. The total cap stood at $2.34T as of press time, representing a 0.3% drop over the same period while on the other hand, the trading volume stood at $64.2B as of the same period representing a 3.9% drop over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the chart shows a falling wedge pattern, typically considered a bullish reversal pattern. The Bitcoin price appears to be moving within the wedge, approaching the narrowing end.
On the other hand, we see that the Awesome Oscillator (AO) below the chart shows decreasing negative momentum, which could hint at a reversal. As of press time, Bitcoin was trading at $64,304, representing a 0.5% increase over the last 24 hours.Â
Ethereum Price Review
Ethereum (ETH) has, however, failed to register gains as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Ethereum price is moving towards the middle band after touching the lower band.
Looking at other technical indicators, we see that the Relative Strength Index (RSI) is around 51.64, indicating a neutral stance without overbought or oversold conditions. As of press time, Ethereum was trading at $3,494, representing a 0.24% increase over the last 24 hours.Â
Arweave Price Review
Arweave (AR) is among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Williams Alligator’s moving averages (lips, teeth, jaw) are intertwined, indicating a lack of clear trend.
On the other hand, looking at other technical indicators, we see that the Money Flow Index (MFI) is at 60.15, suggesting a mildly positive money flow into the asset. As of press time, Arweave was trading at $27.8, representing a 7.02% increase over the last 24 hours.
JasmyCoin Price Review
JasmyCoin (JASMY) is also another gainer in today’s session as evidenced by its price movements. Looking at an in-depth analysis, we see that the JasmyCoin price is below the cloud, typically a bearish sign.
On the other hand, we see that the Woodies Commodity Channel Index shows -22.53, indicating bearish momentum. As of press time, JasmyCoin was trading at $0.02857, representing a 3.03% increase over the last 24 hours.
ORDI Price Review
ORDI (ORDI) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the ORDI price is below the Supertrend line (currently at $43.34), indicating a bearish trend.
On the other hand, we see that the Money Flow Index is at 54.38, showing a neutral to slightly positive money flow. As of press time, ORDI was trading at $40.70, representing a 2.7% increase over the last 24 hours.
