The bears are now gaining back control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.04T as of press time, representing a 0.15% decrease over the last 24 hours, while the trading volume jumped by 10% over the same period to stand at $61.54B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking in-depth analysis, we see that the 50, 100, and 200 SMAs (simple moving averages) show a confluence around the price, which indicates indecision in market direction. The Bitcoin price is currently near the 100 and 200 SMAs, signaling a key resistance point at $58,947.
The Relative Strength Index (RSI) is hovering near neutral levels, reflecting a balanced sentiment with neither overbought nor oversold conditions. However, if the price breaks above the 200-SMA, it could indicate a bullish continuation. Bitcoin traded at $58,498 as of press time, representing a 0.57% 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. Looking at an in-depth analysis, we see that Ethereum’s 4-hour chart presents a consolidation within a cloud formation as represented by the Ichimoku Cloud. The Ethereum price is hovering near $2,298, within a weak trendless zone, suggesting a lack of clear directional bias.
On the other hand, we see that the RSI is around 29.32, indicating oversold conditions, which could imply a potential upward reversal if buying pressure builds. Ethereum traded at $2,302 as of press time, representing a 0.30% increase over the last 24 hours.
Fantom Price Review
Fantom, $FTM, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Fantom’s price has been moving with strong bullish momentum, reflected by the wide separation in the Bollinger Bands and a recent price surge above the upper band.
The Fantom Price is currently near $0.5481, and the ADX reading of 26.61 indicates a strengthening trend. If the price holds above the upper Bollinger Band, it may continue its upward trajectory. Fantom traded at $0.55 as of press time, representing a 11.63% increase over the last 24 hours.
Celestia Price Review
Celestia, $TIA, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Celestia is currently showing an upward recovery after a prolonged downtrend. The Alligator indicator has the moving averages curling upward, suggesting the formation of a bullish trend. The Celestia price is near $5.005, and the next resistance is around $5.10, which could act as a barrier.
On the other hand, we see that the Volume Oscillator is showing a decreasing trend, signaling a potential lack of strong momentum in the current move. Celestia traded at $4.99 as of press time, representing a 5.59% increase over the last 24 hours.
THORChain Price Review
THORChain, $RUNE, 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 Supertrend is indicating bearish conditions as the price is below the green-to-red conversion point.
Currently at $3.991, the Awesome Oscillator (AO) is showing weak bullish momentum with a small histogram of green bars. THORChain traded at $4.00 as of press time, representing a 5.52% increase over the last 24 hours.
The bears are now gaining back control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.04T as of press time, representing a 0.15% decrease over the last 24 hours, while the trading volume jumped by 10% over the same period to stand at $61.54B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking in-depth analysis, we see that the 50, 100, and 200 SMAs (simple moving averages) show a confluence around the price, which indicates indecision in market direction. The Bitcoin price is currently near the 100 and 200 SMAs, signaling a key resistance point at $58,947.
The Relative Strength Index (RSI) is hovering near neutral levels, reflecting a balanced sentiment with neither overbought nor oversold conditions. However, if the price breaks above the 200-SMA, it could indicate a bullish continuation. Bitcoin traded at $58,498 as of press time, representing a 0.57% 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. Looking at an in-depth analysis, we see that Ethereum’s 4-hour chart presents a consolidation within a cloud formation as represented by the Ichimoku Cloud. The Ethereum price is hovering near $2,298, within a weak trendless zone, suggesting a lack of clear directional bias.
On the other hand, we see that the RSI is around 29.32, indicating oversold conditions, which could imply a potential upward reversal if buying pressure builds. Ethereum traded at $2,302 as of press time, representing a 0.30% increase over the last 24 hours.
Fantom Price Review
Fantom, $FTM, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Fantom’s price has been moving with strong bullish momentum, reflected by the wide separation in the Bollinger Bands and a recent price surge above the upper band.
The Fantom Price is currently near $0.5481, and the ADX reading of 26.61 indicates a strengthening trend. If the price holds above the upper Bollinger Band, it may continue its upward trajectory. Fantom traded at $0.55 as of press time, representing a 11.63% increase over the last 24 hours.
Celestia Price Review
Celestia, $TIA, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Celestia is currently showing an upward recovery after a prolonged downtrend. The Alligator indicator has the moving averages curling upward, suggesting the formation of a bullish trend. The Celestia price is near $5.005, and the next resistance is around $5.10, which could act as a barrier.
On the other hand, we see that the Volume Oscillator is showing a decreasing trend, signaling a potential lack of strong momentum in the current move. Celestia traded at $4.99 as of press time, representing a 5.59% increase over the last 24 hours.
THORChain Price Review
THORChain, $RUNE, 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 Supertrend is indicating bearish conditions as the price is below the green-to-red conversion point.
Currently at $3.991, the Awesome Oscillator (AO) is showing weak bullish momentum with a small histogram of green bars. THORChain traded at $4.00 as of press time, representing a 5.52% increase over the last 24 hours.
