Today’s session has seen bears slightly dominate, as evidenced by the small drop in the global market cap. The total market cap stood at $2.37 as of press time, representing a 0.5% drop over the last 24 hours, while the trading volume dropped by 14% within the same period to stand at $56.14B as of the same period.
Bitcoin Price Review
Bitcoin (BTC) has started the week with bulls on the front foot, as seen in today’s slight price increase. *BTC* price charts show the Bollinger Bands are narrowing, which typically indicates a period of decreased volatility. The price is currently at the upper half of the bands, suggesting a relatively higher price level.
On the other hand, the RSI (Relative Strength Index) is above the mid-level of 50 and below the overbought threshold of 70, indicating positive momentum without being overbought. The RSI also has a noticeable uptrend, aligning with the price movement. As of press time, the Bitcoin price stood at $66,419, representing a 2% increase from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session as it also managed some slight gains. Looking at *ETH* price charts, we notice that the Ethereum chart against Tether shows the Alligator indicator, consisting of three moving averages designed to identify the absence or presence of a trend. Currently, the lines are intermingled, suggesting a lack of a clear trend.
Conversely, the MACD (Moving Average Convergence Divergence) indicator is above the signal line and has just crossed into positive territory, indicating potential bullish momentum building up. As of press time, the Ethereum price stood at $3,228, representing a 1.44% increase from its previous 24-hour price.
AIOZ Network Price Review
AIOZ Network (AIOZ) was another gainer in today’s session, as it also managed some notable gains. Analysing AIOZ Network price charts, we notice that the Supertrend indicator signals a bullish trend as the price is above the green Supertrend line.
Additionally, the Awesome Oscillator shows increasing green bars, indicating bullish momentum is growing. As of press time, the AIOZ price stood at $0.788, representing a 14.8% increase from its previous 24-hour price.
Core DAO Price Review
Core DAO was another gainer in today’s session, as it also managed some notable gains. Analysing Core DAO price charts, we notice that the chart utilizes the Ichimoku Cloud, a comprehensive indicator designed to provide information about the direction of the trend, momentum, and support/resistance levels.
The Core DAO price is currently between the cloud, suggesting indecision or a possible trend change. The Woodies CCI is around the zero line, indicating no strong momentum in either direction. As of press time, the Core DAO price stood at $2.44, representing a 12.5% increase from its previous 24-hour price.
NEAR Protocol Price Review
NEAR Protocol (NEAR) is another gainer in today’s session, managing notable gains. Looking at in-depth analysis, we notice that the NEAR Protocol price is on an uptrend within the pitchfork’s lower half, indicating that it could continue to find support on the lower lines.
On the flip side, the Volume Oscillator is positive, suggesting higher volume on up moves, which can signify strong buying interest. As of press time, the NEAR Protocol price stood at $6.96, representing an 11.1% increase from its previous 24-hour price.
