In today’s market session, bearish trends continue to dominate based on global market cap movements. The total market cap currently stands at $2.34 trillion, marking a 0.3% decrease from the previous period. Additionally, trading volume is reported at $64.2 billion, showing a 3.9% drop over the last 24 hours.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is showing positive price movements in today’s session. A closer look at the chart reveals a falling wedge pattern, typically considered a bullish reversal signal. The price of Bitcoin seems to be following this pattern, moving closer to the narrowing end. Moreover, the Awesome Oscillator (AO) indicates decreasing negative momentum, potentially signaling a reversal. At the time of writing, Bitcoin is trading at $64,304, reflecting a 0.5% increase in the last 24 hours.
Ethereum (ETH) Price Analysis
On the other hand, Ethereum (ETH) has not shown significant gains in today’s trading session. The price of Ethereum is approaching the middle band after touching the lower band. The Relative Strength Index (RSI) stands at 51.64, indicating a neutral market stance without overbought or oversold conditions. Ethereum is currently priced at $3,494, showing a modest 0.24% increase over the last 24 hours.
Arweave (AR) Price Analysis
Arweave (AR) stands out as one of the top gainers in today’s session. The moving averages of the Williams Alligator indicator are intertwined, suggesting a lack of a clear trend. The Money Flow Index (MFI) stands at 60.15, indicating a mildly positive money flow into the asset. As of now, Arweave is trading at $27.8, showing a 7.02% increase in the last 24 hours.
JasmyCoin (JASMY) Price Analysis
JasmyCoin (JASMY) is also experiencing gains in today’s trading session. The price of JasmyCoin is currently below the cloud, which typically indicates a bearish trend. The Woodies Commodity Channel Index shows -22.53, suggesting bearish momentum. JasmyCoin is priced at $0.02857, reflecting a 3.03% increase over the last 24 hours.
ORDI (ORDI) Price Analysis
ORDI (ORDI) is another cryptocurrency showing positive price movements today. The price of ORDI is currently below the Supertrend line, signaling a bearish trend. The Money Flow Index stands at 54.38, indicating a neutral to slightly positive money flow. ORDI is currently trading at $40.70, showing a 2.7% increase in the last 24 hours.