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 $3.23T as of press time, representing a 0.13% decrease over the last 24 hours, while the trading volume dropped by 44.89% over the same period to stand at $58.17B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that BTC is trading within a tight range as Bollinger Bands are contracting, signaling reduced volatility. The price is hovering near the middle band (SMA 20), indicating indecisiveness in the market. Recent price movements suggest consolidation, with no clear breakout direction.
On the other hand, the volume oscillator shows -42.35%, indicating a decline in volume. This suggests weak buying or selling pressure. Bitcoin traded at $97,412 as of press time, representing a 0.04% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also not among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Alligator Indicator shows the convergence of the three moving averages, signaling low momentum and a period of sideways trading.
On the other hand, we see that the Awesome Oscillator (AO) is near the zero line, showing neutral momentum. Ethereum traded at $2,697 as of press time, representing a 0.31% decrease over the last 24 hours.
Onyxcoin Price Review
Onyxcoin, $XCN, is among the gainers in today’s session, as seen from the price action. Analyzing the token’s charts in-depthly, we see that XCN is showing a downtrend after a strong pump, with the price now testing the 50-day SMA. The 100-SMA and 200-SMA are above the current price, acting as resistance.
On the other hand, the ADX is at 19.27, which is low, meaning the market is in a weak trend. Onyxcoin traded at $0.02312 as of press time, representing a 6.69% decrease over the last 24 hours.
FTX Token Price Review
FTX Token, $FTT, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that FTT is currently testing Ichimoku Cloud resistance, a barrier to further upside.
On the other hand, we see that the MFI is at 59.69, indicating neutral conditions with no extreme buying or selling pressure. FTX Token traded at $2.20 as of press time, representing a 7.51% increase over the last 24 hours.
Kaspa Price Review
Kaspa, $KAS, is also on the gainers list today, as observed by its price action today. An in-depth analysis shows that Kaspa is currently above the Ichimoku Cloud, which is a bullish signal.
On the other hand, we see that the MFI is at 65.88, close to the overbought zone (70), meaning there’s moderate buying pressure. Kaspa, $KAS traded at $0.1099 as of press time, representing a 4.11% increase over the last 24 hours.
