The current market session has been dominated by bears, evident from the decline in the global market cap over the past 24 hours. The total cap now stands at $2.53T, reflecting a 0.17% decrease from the previous day.
Bitcoin Price Update
Bitcoin (BTC) continues to experience consolidations in today’s trading session. A detailed analysis reveals that the Bitcoin chart is showing fluctuating movements within a Keltner Channel, with the price recently consolidating around $67,000.
The Relative Strength Index (RSI) is hovering around 46, indicating a neutral market sentiment with neither overbought nor oversold conditions. The current Bitcoin price is $67,632, marking a 0.65% drop from the previous day.
Ethereum Price Update
Ethereum (ETH) is one of the top gainers in today’s session, with a noticeable upward trend in price movements. Ethereum has recently seen a significant rally, surpassing all three moving averages in the Alligator indicator, which is trending upwards.
Despite this bullish phase, the Awesome Oscillator (AO) has shifted to red bars from green, suggesting a potential loss of momentum or consolidation after the initial surge. The current Ethereum price is $3,791, reflecting a 1.5% increase from the previous day.
JasmyCoin Price Update
JasmyCoin (JASMY) is also among the top gainers today, showcasing a strong bullish trend with the price well above the Supertrend indicator line, which has turned green to confirm bullish conditions.
The Commodity Channel Index (CCI) has spiked above +100, indicating high buying pressure and potential overbought conditions that may result in a pullback or consolidation. The current JasmyCoin price is $0.03431, marking a 14.3% increase from the previous day.
Lido DAO Price Update
Lido DAO (LDO) has also seen gains in today’s session, with the chart indicating a bullish trend as the price trades above the expanding Ichimoku cloud, signaling increasing bullish momentum.
However, the Money Flow Index (MFI) is approaching overbought levels at 74, suggesting a possible slowdown or reversal in the near future as traders consider taking profits. The current Lido DAO price is $2.55, showing a 9.7% jump from the previous day.
Ondo Price Update
Ondo (ONDO) has experienced gains in today’s session, with a consolidating trend evident as the price fluctuates around the relatively thin Ichimoku cloud, indicating uncertainty and minimal trend strength. The recent candles above the cloud hint at a potential shift towards bullish conditions.
With the Money Flow Index (MFI) at a moderate 62, there is a balanced buying and selling pressure without immediate overbought concerns. The current Ondo price stands at $1.27, showing a 6.37% increase from the previous day.