The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.15T as of press time, representing a 1.21% decrease over the last 24 hours, while the trading volume jumped by 6.92% over the same period to stand at $127.3B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator (red, blue, and green moving averages) suggests a lack of clear direction, as the lines are intertwined, indicating consolidation.
On the other hand, we see that the MFI at 47.08 suggests a neutral momentum, neither overbought nor oversold. Bitcoin traded at $96,939 as of press time, representing a 1.22% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also facing a bear wave today as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading near $2,718, with a recent downward movement. The Ichimoku Cloud is red and expanding, signaling bearish momentum.
On the other hand, we see that the ADX at 36.22 indicates a strong trend but doesn’t confirm direction. Ethereum traded at $2,723 as of press time, representing a 3.93% decrease over the last 24 hours.
Tron Price Review
Tron, $TRX, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that TRX is currently trading within the lower Bollinger Band, indicating it is near oversold conditions.
On the other hand, we see that the MFI is at 40.43 suggests that buying pressure is relatively low but not completely oversold. Tron traded at $0.2279 as of press time, representing a 0.64% increase over the last 24 hours.
Tether Gold Price Review
Tether Gold, $XAUt, 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 XAUT has been on a strong bullish trend, as indicated by the Supertrend indicator.
On the other hand, we see that the ADX at 62.69 suggests a very strong trend, confirming upward momentum. Tether Gold, traded at $2,882 as of press time, representing a 0.98% increase over the last 24 hours.
Binance Coin Price Review
Binance Coin, $BNB, 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 BNB recently saw a sharp decline but is now stabilizing around $582. The 50, 100, and 200 SMA lines indicate bearish pressure, with the price trading below these levels.
On the other hand, we see that the Volume Oscillator at -29.94% shows declining volume, meaning a lack of strong buying interest. Binance Coin, traded at $582.82 as of press time, representing a 1.13% increase over the last 24 hours.
