The bears are in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.12T as of press time, representing a 2.06% decrease over the last 24 hours, while the trading volume also jumped by 28.57% over the same period to stand at $86.97B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted any gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that BTC is trading near the middle Bollinger Band, showing sideways movement. The bands are contracting, suggesting low volatility.Â
The AO indicator is in the negative zone, hinting at bearish momentum. If BTC breaks above $96,393, it could test $98,188. A breakdown below $94,598 might lead to further declines. Bitcoin traded at $95,637 as of press time, representing a 0.52% 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 ETH is trading within the Ichimoku cloud, signaling indecisiveness. The ADX is at 18.02, indicating weak trend strength.Â
The cloud resistance at $2,736.89 remains crucial; a break above may lead to bullish continuation. If ETH falls below $2,700, it could test the lower cloud boundary. Ethereum traded at $2,680 as of press time, representing a 4.52% decrease over the last 24 hours.
Sei Price Review
Sei, $SEI, is among the few top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that SEI is attempting to break above the 200-SMA ($0.2707), a bullish signal. The price remains above the short-term moving averages, confirming upward momentum.
On the other hand, we see that the volume oscillator shows an increase, indicating strong buying pressure. A breakout above $0.2860 could trigger a move toward $0.30. Sei traded at $0.2840 as of press time, representing a 3.91% increase over the last 24 hours.
- Tron Price Review
Tron, $TRX, 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 the Alligator indicator shows mixed signals, with lines slightly intertwined, indicating a consolidation phase.
On the other hand, we see that the RSI at 59.24 suggests the asset is nearing overbought territory. A push above $0.2466 could send TRX toward $0.25. If RSI weakens, a retest of $0.2436 is likely. Tron traded at $0.2462 as of press time, representing a 1.79% increase over the last 24 hours.
Cronos Price Review
Cronos, $CRO, 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 CRO remains in a bearish trend, as indicated by the red Supertrend indicator.
However, a volume spike suggests a potential reversal. A move above $0.0885 would invalidate the bearish bias. Failure to hold above $0.0850 could result in further declines toward $0.08. Cronos traded at $0.08471 as of press time, representing a 0.64% decrease over the last 24 hours.
