The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.47T as of press time, representing a 2.92% decrease over the last 24 hours, while the trading volume jumped by 89.8% over the same period to stand at $343.84B as of press time
Bitcoin Price Review
Bitcoin, $BTC, failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price chart shows the 50, 100, and 200 simple moving averages (SMA). BTC is trading near the 100 SMA, slightly below the 50 SMA, suggesting a short-term bearish bias but above the 200 SMA, indicating medium to long-term bullish strength.
On the other hand, we see that the RSI (Relative Strength Index) is at 43.20, indicating bearish momentum and is approaching the oversold zone (30), which might suggest potential buying interest soon. Bitcoin traded at $97,693 as of press time, representing a 0.71% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also on a bear run today as also seen from its price movements as well. Looking at an in-depth analysis, we see that ETH is trading near the lower Bollinger Band, suggesting oversold conditions. Price compression indicates potential volatility ahead.
Looking at other indicators, we see that theMFI (Money Flow Index) is at 29.93, close to the oversold zone, signaling that a reversal might be near. Ethereum traded at $3,758 as of press time, representing a 3.29% decrease over the last 24 hours.
Curve DAO Price Review
Curve DAO, $CRV, is among the day’s top gainers as also seen from its price leap in today’s session. Looking at an in-depth analysis, we see that the Curve DAO price is trading above the cloud, indicating bullish conditions. The leading span shows upward momentum, but the cloud thickness suggests some resistance ahead.
On the other hand, we see that the ADX (Average Directional Index) is at 36.69, indicating a strong trend, likely favoring bulls. Curve DAO traded at $1.20 as of press time, representing a 8.87% increase over the last 24 hours.
Beam Price Review
Beam, $BEAM, is also among the day’s top gainers as also seen from its price leap in today’s session. Looking at an in-depth analysis, we see that the lines of the Alligator indicator are intertwined, indicating sideways movement or indecision.
On the other hand, we see that the Awesome Oscillator (AO) shows diminishing bullish momentum, with green bars shrinking. Beam traded at $1.20 as of press time, representing a 6.62% increase over the last 24 hours.
Ondo Finance Price Review
Ondo, $ONDO, is also among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the Ondo price is above the supertrend line, signaling an ongoing uptrend.
On the other hand, we see that the Volume Oscillator is relatively low, with slight upticks, indicating cautious trading activity. Ondo traded at $1.63 as of press time, representing a 6.41% increase over the last 24 hours.
