The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.39T as of press time, representing a 1.08% decrease over the last 24 hours, while the trading volume dropped by 11.8% over the same period to stand at $117.8B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, BTC is experiencing short-term bearish momentum as it trades below the 50 and 100 SMA lines but above the 200 SMA, indicating potential mixed signals but with an overall possible support level around the 200 SMA.
On the other hand, we see that the Volume Oscillator shows a decrease of -20.17%, suggesting that lower trading volume is accompanying the recent price movement, which might indicate a lack of strong conviction in the current price direction. Bitcoin traded at $97,826 as of press time, representing a 0.11% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also facing bear action today as also seen from its price movements. Looking at an in-depth analysis, we see that ETH recently moved towards the lower band, indicating oversold conditions which might signal a potential bounce-back if buyers step in.
On the other hand, we see that the MFI has an index of 53.94 suggests a relatively neutral market sentiment, neither overbought nor oversold. Ethereum traded at $3,423 as of press time, representing a 1.8% decrease over the last 24 hours.
FTX Token Price Review
FTX Token, $FTT, is among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see a consolidation as the Alligator lines begin to intertwine, signaling a potential breakout could be imminent.
On the other hand, we see that the RSI is currently at 64.49, approaching the overbought territory, which could mean a pullback if the RSI crosses above 70. FTX traded at $3.42 as of press time, representing a 8.15% increase over the last 24 hours.
Binance Coin Price Review
Binance Coin, $BNB, is also among the top gainers of the day as also seen from its price movements. Looking at an in-depth analysis, we see that the Binance Coin price is above the SuperTrend line, indicating a bullish trend.
On the other hand, we see that the ADX has a value of 20.24 indicates a relatively weak trend, suggesting that while the trend is bullish, it may not have strong momentum. Binance Coin traded at $706.64 as of press time, representing a 0.77% increase over the last 24 hours.
Toncoin Price Review
Toncoin, $TON, is, however, not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Toncoin price is slightly below the cloud, indicating a potential bearish trend. However, the recent price has entered the cloud, suggesting a possible trend reversal or indecision.
On the other hand, we see that the Volume Oscillator shows a negative reading indicates declining volume, potentially supporting the lack of strong buying pressure. Toncoin traded at $5.83 as of press time, representing a 0.22% increase over the last 24 hours.
