Today’s market session still has bulls on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.31T as of press time, representing a 2.3% jump over the last 24 hours, while the trading volume stood at $58.02B as of the same period, representing a 58% decrease over the same period.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin price has broken below the lower Bollinger Band, indicating increased volatility and potential for further downside. The bands are widening, suggesting that the volatility may continue.
On the other hand, we see that the Awesome Oscillator is below the zero line, with red bars indicating bearish momentum. This supports the bearish trend observed in the price action. As of press time, Bitcoin traded at $57,772, representing a 2.33% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session, as seen from its price movements today. An in-depth analysis shows that the Alligator lines are intertwined, indicating a lack of a clear trend. This usually suggests a consolidation phase or the beginning of a new trend.
On the other hand, the Money Flow Index is around the 50 level, suggesting neutral momentum. It is neither overbought nor oversold. As of press time, Ethereum traded at $3,034, representing a 1.9% increase over the last 24 hours.
Notcoin Price Review
As seen from its price movements, Notcoin (NOT) is among today’s top gainers. An in-depth analysis shows that the Notcoin price is below the cloud, indicating a bearish trend. The cloud is red, suggesting continued bearish pressure.
On the other hand, the Money Flow Index is around the 25 level, approaching oversold territory. This may suggest a potential for a short-term bounce. As of press time, Notcoin traded at $0.01471, representing a 45.12% increase over the last 24 hours.
Core DAO Price Review
Core DAO (DAO) is another gainer in today’s session, as seen from its price movements. However, an in-depth analysis shows that the Core DAO price is in a downtrend, with consistently lower highs and lows.
On the other hand, the Supertrend indicator shows a sell signal (red), indicating a bearish trend. Core DAO traded at $1.04 as of press time, representing a 15.3% increase over the last 24 hours.
Akash Network Price Review
Akash Network (AKT) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the triple bottom pattern is a bullish reversal pattern. If the price breaks above the neckline, it could confirm the pattern and signal a new uptrend.
On the other hand, the Average Directional Index is around 28.65, indicating a relatively strong trend. However, it does not specify the direction. Akash Network traded at $3.82 as of press time, representing an 11.17% increase over the last 24 hours.
