Today’s market session still has bulls on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.11T as of press time, representing a 3.2% jump over the last 24 hours, while the trading volume stood at $88.14B as of the same period, representing a 30.2% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the chart shows Bitcoin moving within the Bollinger Bands, with the bands widening, indicating increased volatility. The price is currently at the lower band, suggesting a potential rebound or continued downward movement if the lower band is broken.
The Relative Strength Index (RSI) is around 45, indicating neutral momentum. It’s not in the oversold or overbought territory, implying the market is waiting for a new direction. As of press time, Bitcoin traded at $56,540, representing a 0.05% decrease over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the chart shows the Alligator indicator and the moving averages (lips, teeth, and jaw) intertwining, indicating a period of consolidation or a potential reversal. The recent upward movement has slightly widened the Alligator’s jaw.
On the other hand, the RSI is at 47.51, showing slight bullish momentum but still in the neutral zone. As of press time, Ethereum traded at $3,086, representing a 0.95% increase over the last 24 hours.
Ripple Price Review
Ripple (XRP) is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Ripple price is below the Ichimoku Cloud, indicating a bearish trend. The cloud ahead is thin, suggesting weak support/resistance in the future.
On the other hand, the Average Directional Index (ADX) is at 33.80, indicating a moderately strong trend. A value above 40 would suggest a mighty trend. As of press time, Ripple traded at $0.4341, representing a 0.4% increase over the last 24 hours.
Notcoin Price Review
Notcoin (NOT) is also not among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the Supertrend indicator shows a recent buy signal as the price broke above the $0.01280 level. However, the current price is facing resistance at $0.01614.
On the other hand, the Awesome Oscillator (AO) shows positive momentum with green bars, indicating a potential continuation of the uptrend. As of press time, Notcoin traded at $0.01583, representing a 6.6% decrease over the last 24 hours.
Toncoin Price Review
Toncoin (TON) is not among the trainers in today’s session either, as can be seen from the price movements. Looking at an in-depth analysis, we see that the chart shows the price moving within the boundaries of an Auto Pitchfork. The current price is near the median line, suggesting a potential support level.
On the other hand, the Woodies Commodity Channel Index (CCI) shows a bearish signal with a value of -65.494, indicating that the price is below its average level. As of press time, Toncoin traded at $7.29, representing a 0.06% decrease over the last 24 hours.
