The latest market session has been dominated by bears, evident from the decline in the global market cap. The total cap currently sits at $2.51 trillion, marking a 2.4% decrease over the past 24 hours. Additionally, the trading volume stands at $78.18 at the moment, reflecting a 4.83% drop from the previous day.
Bitcoin Price Analysis
Bitcoin (BTC) is experiencing consolidation today, with its price movements showing sideways movement and occasional spikes within the Bollinger Bands, indicating low volatility. The Bollinger Bands are slightly converging, suggesting a potential decrease in volatility, while the price remains above the 20-period SMA, indicating a possible support level. The Woodies CCI is oscillating around the zero line, indicating a lack of clear momentum in either direction. As of now, the Bitcoin price stands at $67,130, representing a 3% decrease over the last 24 hours.
Ethereum Price Analysis
Ethereum (ETH) is also struggling to gain traction in today’s session, with its price movements showing consolidation after a significant uptrend. The Alligator’s lines are intertwined, signaling a lack of a clear trend and a possible phase of accumulation or distribution. The Awesome Oscillator bars are near zero and decreasing in size, hinting at weakening momentum and a potential end to the recent bullish move. Ethereum’s price currently stands at $3,778, reflecting a 0.38% increase over the past 24 hours.
Dogecoin Price Analysis
Dogecoin (DOGE) has seen gains in today’s session, but a closer look reveals that it is trading just below the Super Trend, indicating a bearish trend. The MFI is moderate, suggesting no significant overbuying or overselling. Dogecoin’s price is currently at $0.1583, marking a 2.16% increase in valuation over the last 24 hours.
Cardano Price Analysis
On the other hand, Cardano (ADA) has failed to show gains today, with its price action remaining bearish as it stays below the Ichimoku Cloud. Despite attempts to break above, strong resistance is evident. The Volume Oscillator is positive, indicating higher trading volume on upward movements, potentially supporting a bullish undertone despite the price being below the Cloud. Cardano’s price stands at $0.4475, showing a 1.23% increase over the last 24 hours.
Pepe Price Analysis
Pepe (PEPE) is a standout gainer in today’s session, moving within an upward Auto Pitchfork channel, demonstrating a stable ascending trend. However, it is currently near the mid-line of the pitchfork, which could act as either support or resistance. The Woodies CCI is above the zero line, indicating positive momentum. Pepe’s price is currently at $0.00001509, showing a 3.3% increase in valuation over the last 24 hours.