The bears are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.39T as of press time, representing a 2.15% decrease over the last 24 hours, while the trading volume jumped by 86% over the same period to stand at $84.51B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the chart shows Bollinger Bands, with the price moving between the upper and lower bands. When the price touches the upper band, it indicates potential overbought conditions; when it touches the lower band, it indicates potential oversold conditions. The Bitcoin price is currently near the lower band, suggesting a possible buying opportunity if the support holds.
On the other hand, the Awesome Oscillator (AO) is currently red and below the zero line, indicating bearish momentum. This suggests caution for long positions until the AO turns green or crosses above the zero line. Bitcoin traded at $66,817 as of press time, representing a 3.9% decrease over the last 24 hours.
Ethereum Price Review
Ethereum $ETH is among today’s losers, as seen from the price movements. Looking at an in-depth analysis, we see that the Alligator indicator consists of three smoothed moving averages. The chart shows the mouth of the Alligator opening, indicating a potential trend direction. When the lines are intertwined, it suggests a lack of trend or a ranging market.
On the other hand, the Volume Oscillator is negative, indicating that the current volume is lower than the moving average volume, suggesting weaker trading activity. Ethereum traded at $3,330 as of press time, representing a 3.9% decrease over the last 24 hours.
MOG Coin Price Review
MOG Coin $MOG is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is shown on the chart, with green and red areas indicating bullish and bearish trends, respectively. The current trend is green, suggesting a bullish trend. The price is above the green Supertrend line, reinforcing the bullish outlook.
On the other hand, we see Woodies CCI: The Woodies CCI is above zero, indicating bullish momentum. However, the lines fluctuate, so watching for a clear direction is advisable. MOG Coin traded at $0.000002092 as of press time, representing a 10.23% increase over the last 24 hours.
Maker Price Review
Maker $MKR is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Ichimoku Cloud is used to identify support, resistance, and trend direction. The price is above the cloud, indicating a bullish trend. The leading span lines (Senkou Span A and B) form the cloud’s boundary.
On the other hand, the ADX (Average Directional Index) is below 20, indicating a weak trend. Despite the bullish price action above the Ichimoku Cloud, the weak ADX suggests a lack of strong momentum. Maker traded at $2,835 as of press time, representing a 3.29% increase over the last 24 hours.
Flow Price Review
The price movements show that Flow $FLOW is among the gainers in today’s session. An in-depth analysis shows that the Pitchfork tool is used to identify potential support and resistance levels. The Flow price is approaching the upper median line of the Pitchfork, suggesting a possible resistance level.
On the other hand, we see that the MACD (Moving Average Convergence Divergence) line is above the signal line, and both are above zero, indicating bullish momentum. The histogram is positive, confirming the bullish signal. Flow traded at $2,835 as of press time, representing a 3.29% increase over the last 24 hours.
