The bears are in total control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.27T as of press time, representing a 0.92% decrease over the last 24 hours, while the trading volume dropped by 14.77% over the same period to stand at $128.66B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a small drop in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is near the middle Bollinger Band, indicating a possible equilibrium or indecision phase. Lower volatility is visible as the bands have tightened after a sharp downward move, suggesting potential consolidation.
On the other hand, we see that the AO shows red bars trending upward, indicating bearish momentum is slowing down, with potential for bullish divergence. Bitcoin traded at $94,117 as of press time, representing a 0.66% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also facing some bear actions in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines are converging, showing reduced trend strength. This signals potential for a trend reversal or continuation after the indecision.
On the other hand, we see that the MFI is oversold (22.55), which suggests that selling pressure could ease soon. Ethereum traded at $3,228 as of press time, representing a 2.02% decrease over the last 24 hours.
Bitcoin SV Price Review
Bitcoin SV, $BSV, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin SV price is currently trading near the conversion line and above the base line, with a weak bullish sentiment.
On the other hand, we see that the ADX at 33.9 indicates a strengthening trend. However, it’s unclear if it favors bulls or bears. Bitcoin SV traded at $58.82 as of press time, representing a 11.92% increase over the last 24 hours.
Fantom Price Review
Fantom, $FTM, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Fantom price is below the key moving averages (50, 100, 200), signaling a bearish outlook in the medium term.
On the other hand, we see that the Volume Oscillator shows declining interest in recent price action, indicating weak conviction. Fantom traded at $0.7038 as of press time, representing a 2.26% increase over the last 24 hours.
IOTA Price Review
IOTA, $IOTA, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend is red, showing bearish sentiment.
On the other hand, we see that the AO is near neutral with minimal momentum, signaling indecision or consolidation. IOTA traded at $0.3281 as of press time, representing a 2.28% increase over the last 24 hours.
