The current market session is dominated by bears, evident from the decline in the global market cap. The total cap now stands at $2.46 trillion, reflecting a 2.8% decrease in the last 24 hours. Trading volume has also increased to $83.7 during the same period, marking a 67% rise.
Bitcoin Price Analysis
Bitcoin is experiencing corrections in today’s session, with a significant bearish trend visible in the chart. The price has broken the critical support levels at $68,903.33 and is continuing to fall. Woodie’s CCI indicates extreme bearish momentum, with the price currently at $67,090, down by 3.8% from the previous 24-hour price.
Ethereum Price Analysis
Ethereum is also facing corrections today, with the price reflecting a bearish sentiment. The red candles and the Alligator indicator lines spread out, indicating a clear bearish trend. The AO indicator shows increased bearish momentum, with the price at $3,488, down by 5.16% from the previous 24-hour price.
Ripple Price Analysis
Ripple is not immune to the market downturn, with a sharp decline in price. The breach of the Supertrend indicator’s baseline signals a shift to bearish conditions. The ADX line rising above 50 indicates a powerful downward trend, with the price at $0.4811, down by 3.5% from the previous 24-hour price.
Solana Price Analysis
Solana is also experiencing a significant bearish trend, breaking below the Ichimoku cloud. The expanding red cloud signifies growing bearish strength, with the Volume Oscillator fluctuating. The price is currently at $148.5, down by 8.4% from the previous 24-hour price.
Dogecoin Price Analysis
Dogecoin has also fallen victim to bearish activity, with the chart indicating a descending channel. The MFI indicator shows some buying interest, with the price at $0.1374, down by 5.8% from the previous 24-hour price.