In today’s trading session, the market has seen a bullish trend with a rise in the global market cap to $2.42 trillion, reflecting a 0.2% increase in the last 24 hours. Trading volume has also surged by 11% to reach $92.1 billion.
Bitcoin (BTC) Price Analysis
Bitcoin is currently experiencing a correction after recent consolidations. The chart indicates significant volatility with a downward trend, evident by dropping below moving averages and negative momentum in the Awesome Oscillator. The Alligator moving averages are converging downwards, signaling a strengthening bearish trend. Bitcoin is struggling around the $66,763 level, with resistance at $68,103 and support at $67,486. The current price is $66,681, a 4.13% drop from the previous 24-hour price.
Ethereum (ETH) Price Analysis
Ethereum is showing gains in today’s session, despite a bearish pattern with a sharp decline in recent candles. The Bollinger Bands indicate high volatility, with the current price below the 20-period SMA, acting as dynamic resistance. The woodies CCI is negative, suggesting bearish signals. Ethereum’s price is at $3,459, a 4.2% drop in the last 24 hours.
MultiverseX (EGLD) Price Analysis
MultiverseX did not gain in today’s session, with the Supertrend indicator signaling a sell-off. The price is consistently below the indicator, reinforcing a bearish outlook. The Money Flow Index is low at 15.29, indicating overselling and a potential reversal or pullback. The current price is $33.13, a 6.6% drop from the previous 24-hour price.
Ethereum Classic (ETC) Price Analysis
Ethereum Classic is also not showing gains today, with the Ichimoku Cloud indicating bearish dominance as the price trades below the cloud. The expanding cloud suggests increased bearish volatility, while recent candles struggle near the lower boundary with a low MFI, hinting at selling exhaustion. The current price is $25.42, a 4.3% drop from the previous 24-hour price.
Solana (SOL) Price Analysis
Solana is a gainer in today’s session, navigating within an auto pitchfork with a bearish trend in the lower half. The MFI shows moderate selling pressure, slightly above the middle range. The current price is $147.99, a 6.4% drop from the previous 24-hour price.