The bears are in control of today’s session, as seen from the continous increase in the global market cap. The total cap stood at $2.12T as of press time, representing a 0.31% decrease over the last 24 hours, while the trading volume also dropped jumped by 5.7% over the same period to stand at $69.4B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has 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 appears to be attempting a recovery after a significant drop. The recent green candlesticks near the lower Bollinger band suggest a potential rebound.Â
However, the market remains under pressure as indicated by the AO, which shows a decrease in momentum. Bitcoin traded at $60,726 as of press time, representing a 0.30% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is among the gainers in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that the Ethereum price is showing signs of volatility within a downward trend, struggling to regain momentum as seen by the repeated testing of the Alligator’s lines.Â
On the other hand, we see that the MFI is hovering near the middle, indicating balanced buying and selling pressures. Ethereum traded at $2,405 as of press time, representing a 0.39% increase over the last 24 hours.
Popcat Price Review
Popcat, $POPCAT, 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 Popcat displays a general uptrend, supported by the 100-SMA line acting as a strong support level.
On the flip side, the Awesome Oscillator (AO) shows diminishing negative momentum, which could suggest a continuation of the upward trend. Popcat traded at $1.31 as of press time, representing a 6.64% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, 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 its chart shows the price comfortably above the SuperTrend indicator, suggesting a bullish outlook. The AO is near zero, suggesting a potential shift or continuation in momentum.
Given the bullish SuperTrend signal, traders might look to buy on small retracements, particularly if the AO begins to show greater positive momentum. Dogwifhat traded at $2.52 as of press time, representing a 6.93% increase over the last 24 hours.
Uniswap Price Review
Uniswap, $UNI, 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 UNI’s price is currently challenging the upper boundaries of the Ichimoku Cloud, which might act as resistance.
On the other hand, we see that the MFI is relatively high, suggesting that the asset might be entering overbought territory. Uniswap traded at $8.14 as of press time, representing a 7.06% increase over the last 24 hours.
