Today’s market session has seen bears on the front foot, as seen from the decrease in the global market cap. The total cap stood at $2.51T as of press time, representing a 2.4% decrease over the last 24 hours. On the other hand, the trading volume stood at $78.18 as of press time, representing a 4.83% drop in the previous 24 hours.
Bitcoin Price Review
As seen from its price movements, Bitcoin (BTC) faces consolidations today. An in-depth analysis shows that the [ccpw id=60415] price shows a sideways movement with recent spikes within the Bollinger Bands, indicating low volatility. The Bollinger Bands are slightly converging, which could suggest a decrease in volatility. The price is above the 20-period SMA, hinting at a potential support level.
On the other hand, the Woodies CCI oscillates around the zero line, which typically indicates a lack of solid momentum in either direction. As of press time, the Bitcoin price stood at $67,130, a 3% decrease in valuation over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) has also failed to post gains in today’s session, as seen from its price movements. Analysing [ccpw id=60480] shows consolidation after a significant uptrend. The Alligator’s lines are intertwined, suggesting the market is currently without a clear trend and could be entering a phase of accumulation or distribution.
On the other hand, the AwesomeOscillator Analysis: The Awesome Oscillator’s bars are near zero and decreasing in size, indicating weakening momentum and possibly the tail end of the recent bullish move. As of press time, the Ethereum price stood at $3,778, a 0.38% increase in valuation over the last 24 hours.
Dogecoin Price Review
Dogecoin (DOGE) gained in today’s session. However, an in-depth analysis shows that It is trading just below the Super Trend, suggesting a bearish trend.
On the other hand, the MFI is moderate, suggesting that there is no significant overbuying or overselling. As of press time, the Dogecoin price stood at $0.1583, a 2.16% increase in valuation over the last 24 hours.
Cardano Price Review
However, Cardano (ADA)has failed to post gains in today’s session, as seen from these price movements. An in-depth analysis shows that the Cardano price action is bearish as it remains below the Ichimoku Cloud. Recent attempts to break above have failed, indicating strong resistance.
On the other hand, the Volume Oscillator is positive, suggesting higher trading volume on up-moves than down-moves, which may support a potential bullish undertone despite the current price below the Cloud. As of press time, the Dogecoin price stood at $0.4475, a 1.23% increase in valuation over the last 24 hours.
Pepe Price Review
Pepe (PEPE) is a gainer in today’s session as seen from its price movements. An in-depth analysis shows that the Peoe price moves within an upward Auto Pitchfork channel, showing a stable ascending trend. However, it’s currently near the mid-line of the pitchfork, which may act as either support or resistance.
On the other hand, the Woodies CCI is hovering above the zero line, indicating positive momentum. As of press time, the Pepe price stood at $0.00001509, a 3.3% increase in valuation over the last 24 hours.
