Today’s market session has bears on the front foot, as seen from the drop in the global market cap. The total market cap stood at $2.42T as of press time, representing a 4.3% increase over the last 24 hours, while the trading volume stood at $88.76B, an 11.72% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) is retracing after its initial pump, as seen from its price movements in today’s session. An in-depth analysis shows that the Bitcoin price has moved toward the lower band, indicating a potential oversold condition. However, it is yet to show signs of reversal, as recent candles remain close to this lower boundary.
On the other hand, the Awesome Oscillator (AO) shows red bars, indicating bearish momentum is still in place. As of press time, the Bitcoin price stood at $66,988, representing a 0.8% drop from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session, as seen from its price movements. Looking at in-depth analysis, we see that the recent price action has hovered near the lower band, suggesting bearish pressure but with potential for a short-term reversal as the price moves back toward the SMA.
On the other hand, the Average Directional Index (ADX) line is above 25, which indicates a strong trend, but the decreasing slope may suggest a weakening of the current downtrend. As of press time, the Ethereum price stood at $3,517, representing a 0.46% drop from its previous 24-hour price.
Uniswap Price Review
Uniswap (UNI) is among the top gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Williams Alligator’s lips, teeth, and jaw lines are aligned below the price, supporting the continuation of the uptrend.
On the other hand, the Money Flow Index (MFI) is high at 86.32, indicating potential overbought conditions that could lead to a temporary pullback. As of press time, the Uniswap price stood at $10.67, representing an 8.19% jump from its previous 24-hour price.
Toncoin Price Review
Toncoin (TON) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Toncoin’s price is above the cloud, indicating bullish conditions, but a recent retest of the cloud top suggests caution.
On the other hand, the Volume Oscillator shows a negative value suggesting a decrease in volume during recent price increases, which could signal a weakening bullish momentum. As of press time, the Toncoin price stood at $7.81, representing a 3.15% jump from its previous 24-hour price.
Conflux Price Review
Conflux (CFX) is another gainer in today’s session, as seen from the price movements. Looking at an in-depth analysis, the chat shows a recent top formation with a decline following, and a predictive model suggests a further downward move.
On the other hand, we see that Woodie’s CCI is below the zero line, indicating bearish conditions, with the red line (lead CCI) suggesting continued downward momentum. As of press time, the Conflux price stood at $0.1925, representing a 2.16% jump from its previous 24-hour price.
