The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.86T as of press time, representing a 0.33% decrease over the last 24 hours, while the trading volume also jumped by 14.42% over the same period to stand at $80.24B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted gains in today’s session, as seen from its price movements. An in-depth analysis shows it is trading near the upper Bollinger Band, which suggests potential overbought conditions. The price remains above the middle band, indicating some upward momentum.Â
The recent price action shows a bullish trend, moving from around $82,000 to over $87,000. The Average Directional Index (ADX) at 25.38 confirms that the trend strength is moderate but still positive. Bitcoin traded at $87,164 as of press time, representing a 0.61% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also not posted gains in today’s session, as seen from its price movements. An in-depth analysis shows Ethereum has been experiencing consolidation and some upward movement within the 4-hour timeframe. The price is hovering near the middle of the 50-100-200 Simple Moving Averages (SMA), with a slight upward push seen recently.Â
The recent price action of around $2,074 indicates a recovery from lower levels of nearly $1,950, indicating a bullish sentiment. The Money Flow Index (MFI) is at 54.90, suggesting a balanced market without extreme bullish or bearish pressure. Bitcoin traded at $2,070 as of press time, representing a 1.15% decrease over the last 24 hours.
Cronos Price Review
As seen from its price movements, Cronos, $CRO, is also among the gainers in today’s session. An in-depth analysis shows that the Cronos chart shows a sharp spike in price recently, breaking out of a range between $0.096 and $0.105. The Ichimoku cloud indicator shows a strong bullish breakout above the cloud, suggesting potential for further gains.
The Money Flow Index (MFI) at 87.54 is nearing the overbought threshold, signalling that the current momentum may be unsustainable in the short term. Cronos traded at $0.1056 as of press time, representing a 28.07% increase over the last 24 hours.
Four Price Review
Four, $FORM, is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the price broke above the Supertrend indicator, which is now signalling bullish momentum. The price movement near $2.48 indicates some support, and the market shows upward momentum.
However, the volume oscillator at -5.46% suggests a decline in volume during the rise, which could signal a weakening of the uptrend. Four traded at $2.46 as of press time, representing a 15.18% increase over the last 24 hours.
Berachain Price Review
As seen from its price movements, Berachain, $BERA, is among today’s session’s gainers. An in-depth analysis shows that the Alligator indicator shows an upward trend, with the green line crossing above the red and blue lines, signalling intense buying pressure.Â
On the other hand, the RSI at 71.94 indicates that the price may be entering overbought territory, which could lead to a price pullback if the momentum does not continue. Berachain traded at $7.92 as of press time, representing a 12.54% increase over the last 24 hours.
