Today’s market session is showing a dominance of bears, evident from the decrease in the global market cap which now stands at $2.6 trillion. This represents a 0.41% increase over the last 24 hours, while the trading volume has seen a 15.3% drop.
Bitcoin (BTC) is one of the assets gaining ground today, with its price movements reflecting consolidation after a recent uptrend. The Bollinger Bands indicate the price is trading near the upper band, suggesting potential overbought conditions. The RSI is positioned between 61.64 to 67.83, indicating a slightly overbought scenario in bullish territory. As of now, the Bitcoin price stands at $70,263, a 0.72% increase from its previous 24-hour price.
Ethereum (ETH) is also experiencing gains today, with the Supertrend showing positive signs as the price remains above the Supertrend line, indicating bullish sentiment. The Awesome Oscillator is on the positive side but heading towards the negative region, suggesting fading bullish momentum. Ethereum is currently priced at $3,769, a 0.68% increase from its previous 24-hour price.
Ripple (XRP) is undergoing corrections today after initial pumps, with the Alligator Indicator showing entangled lines, hinting at a consolidation phase following a price surge. The Woodies CCI indicator is positive, pointing towards a bullish outlook for the token. Ripple is currently priced at $0.5359, a 1.68% decrease from its previous 24-hour price.
Solana (SOL) is among the gainers today, with its price above the cloud indicating bullish conditions. The Volume Oscillator is showing declining volume, which could suggest a weakening trend or consolidation. Solana is priced at $181.54, a 2.2% increase from its previous 24-hour price.
Chainlink (LINK) is facing corrections today as it hovers within the upper half of the pitchfork, indicating strong bullish sentiment. The ADX is high at around 35.44, signaling a strong trend. Chainlink is currently priced at $16.66, a 0.54% decrease from its previous 24-hour price.