Today’s market session has seen bears on the front foot, as seen from the drop in the global market cap. The market stood at $2.62T as of press time, representing a 0.5% decrease over the last day. The trading volume, on the other hand, is at $80.3B, representing a 37% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) faces corrections in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin chart displays a downward trend with a substantial price pullback from the upper Bollinger Band (BB) resistance. The price tests the 20 SMA of the Bollinger Bands as potential support.
On the other hand, the Woodies CCI indicator is below -100, signaling a strong bearish sentiment in the market. As of press time, the Bitcoin price stood at $69,497, representing a 0.54% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is not a gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Ethereum shows a relatively flat trend on the 4-hour chart, with the price oscillating around the three lines of the Alligator indicator, indicating a lack of clear trend direction.
On the other hand, the MFI is at 15.59, suggesting that the asset might be oversold and a price reversal could occur if demand picks up. As of press time, the Ethereum price stood at $3,703, representing a 2.9% jump from its previous 24-hour price.
Filecoin Price Review
Filecoin (FIL) is a gainer in today’s session, as seen from its price movements. Looking at an in-depth analysis, Filecoin shows recent bullish momentum with a breakout from the Supertrend indicator, suggesting a potential trend reversal to the upside.
On the other hand, the MFI is at 58.42, indicating increased buying pressure and possibly an upcoming continuation of the upward move. As of press time, the Filecoin price stood at $6.43, representing a 7.7% jump from its previous 24-hour price.
Injective Price Review
Injective (INJ) is another gainer in today’s session, as seen from its price movements. Looking at an in-depth analysis, INJ shows a volatile sideways market. The price is currently below the cloud of the Ichimoku indicator, indicating bearish sentiment but with recent spikes into the cloud.
On the other hand, the AO (Awesome Oscillator) shows increased green bars, suggesting building bullish momentum. As of press time, the Injective price stood at $30.24, representing a 2.9% jump from its previous 24-hour price.
SEI Price Review
SEI (SEI) is also another gainer in today’s session. Looking at it in depth, the chart features an uptrend with a recent sharp upward movement that has broken out from a downtrend line within an Auto Pitchfork tool.
On the other hand, the RSI is at 57.59, near the middle range but leaning towards overbought, reflecting the recent intense buying pressure. As of press time, the SEI price stood at $0.5451, representing a 2.62% jump from its previous 24-hour price.
