Bears are in control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.42T as of press time, representing a 5.06% decrease over the last 24 hours, while the trading volume also jumped by 1o4% over the same period to stand at $163.36B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a notable decrease in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the 4-hour chart shows Bitcoin trading below the 50 EMA (red) and 100 EMA (blue), indicating bearish momentum. The recent price drop brought BTC close to $98,000 before finding support and bouncing.
On the other hand, we see that the MFI (Money Flow Index) is at 21.54, in the oversold region, suggesting that a reversal or relief bounce might be imminent. Bitcoin traded at $101,353 as of press time, representing a 3.5% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading within a Bollinger Band squeeze, with the price recently dipping below the middle line (SMA 20).Â
On the other hand, we see that the Awesome Oscillator (AO) has turned deeply negative, confirming bearish momentum. Ethereum traded at $3,123 as of press time, representing a 5.38% decrease over the last 24 hours.
Jupiter Price Review
Jupiter, $JUP, is also not among the few gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator lines show a bullish crossover, with the green line above the red and blue lines. The recent surge took JUP above $1.05, but momentum seems to be fading.
On the other hand, we see that the ADX (Average Directional Index) is at 24.74, ADX indicates a moderate trend strength but is declining, suggesting weakening momentum. Jupiter traded at $1.08 as of press time, representing a 11% decrease over the last 24 hours.
AIOZ Network Price Review
AIOZ Network, $AIOZ, is among the few gainers in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that the Ichimoku Cloud shows bearish conditions, with the price trading below the cloud.Â
On the other hand, we see that the MFI at 69.40 suggests the asset is approaching overbought territory after a recent bounce. AIOZ Network traded at $0.8086 as of press time, representing a 6.68% increase over the last 24 hours.
Mantra Price Review
Mantra, $OM, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that OM recently experienced a sharp breakout above $4.50, pushing above the Supertrend resistance.
On the other hand, we see that the volume oscillator shows a slight decline after the spike. Mantra traded at $4.60 as of press time, representing a 2.56% increase over the last 24 hours.
